INTERNATIONAL HIGHLIGHTS
The euro shows signs of slowdown
The EUR/USD parity reached 1.20 this week against 1.21 a week earlier. The euro even fell below $ 1.20 on february 4th, for the 1st time since december 1st, 2020.
The euro remains penalized by the restrictions put in place following the worrying developments in the Covid-19 variants within England and South Africa.
Across the Atlantic, the outlook are more optimistic with the ISM manufacturing figures which show positive signs regarding the US economy recovery.
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Research Paper- Eqdom H1 2020 Results
The consumer credit sector is deeply affected by the Covid-19 crisis. However, we believe that the correction of the Eqdom on the stock market by -38% since January 2020 is disproportionate compared to the potential for a recovery in its fundamentals by 2022.
Key Rate Survey H2-20
In our survey conducted in September, we identified investors' expectations regarding the evolution of the Moroccan central bank key rate in H2-20. Recall that this survey was carried out among a sample of 34 investors regarded as the most influential within the Moroccan stock market.
Stock market results : A lockdown effect widely consumed
After a slight increase of 0.5% in Q1-20, the aggregate revenue of listed companies at the end of the 2nd quarter stood at MAD 55.7 Bn, down -10.5%. In more detail, 54 listed companies reported declining revenue in Q2-20 against 36 in the pre-vious quarter. [...]
