Research & Analysis

COVID-19 crisis : a growth opportunity for the EUROBONDS market. Like previous crises, the Covid-19 pandemic has not been completely disadvantageous to the global economy.

A dynamic week under the sign of volatility The EUR/USD parity remains characterized by a strong volatility, torn between economic indicators reassuring Europeans and a difficult health situation generating fears of additional lockdowns in Europe.

If we had to sum up the year 2020 in one word. we would say without hesitation "VOLATILITY". Faced with the Covid-19 crisis. the MASI index underwent the fastest correction in its history.

Positive Data coming from Europe After crossing lower than the 1.21 level last week, the EUR/USD pair appreciated +0.74% to settle at $ 1.217.

At the beginning of the COVID-19 health crisis, Eurobonds' secondary market yields issued by African countries recorded significant increases.

In a context of an economic shock, the ordinary balance in Morocco would go into negative territory for the first time since the 2012-2013 crisis with a deficit of MAD -15 Bn according to the 2020 AFA.

After an issue of £á 1.0 Bn last September, the Moroccan Treasury succeeded this month the largest foreign currency fundraising in its history, equivalent to $ 3.0 Bn.

Listed companies’ operational achievements in the Q3-20 takes place within a context marked by the gradual recovery of economy, after a challenging period of strict population lockdown for more than 90 days.

This year, the semi-annual review of MSCI FM was marked by a major event. It concerns the exit of Kuwait, an important country which weighed up to 37% within this index. After Qatar, the United Arab Emirates and Argentina, Kuwait joins the emerging countries club by integrating the MSCI EM index.