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Nov 10 - Africa to become ‘land of opportunity’ if US & China strike trade deal


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 1 week ago '15        #1
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Putin~Work  topics gone triple plat - Number 1 spot x6
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Nov 10 - Africa to become ‘land of opportunity’ if US & China strike trade deal
 

 
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The long-awaited trade agreement between the United States and China would turn the African continent into a land of opportunity for bond and equity investors.

That’s according to Bank of America (BofA) strategists David Hauner and Claudio Irigoyen. They wrote in a client note seen by Bloomberg: “At a minimum, we think the removal of tariff and recession fears at least until the November 2020 US elections should lead to some restocking effect and green shoots by the first quarter.”

The strategists said that among the main emerging-market beneficiaries would be “some of the less loved currency and high-yield markets, the African ‘China plays.’”

They have explained that a trade deal would reduce the risk of a strengthening dollar, supporting emerging-market currencies and high-yield debt. Some currencies, including South Africa’s rand, would also benefit from equity inflows, given that stocks are the a*set class most likely to profit from an economic rebound.

BofA also predicted the biggest gainers if the US and China reach a trade agreement.

“We also like Africa, where several external credits have lagged amidst the global growth concerns: Kenya, Nigeria and South Africa,” it said.

South African President Cyril Ramaphosa said in an interview with Bloomberg TV that a deal between the world’s two largest economies would greatly benefit South Africa.

On Thursday, China and the US agreed to proportionally roll back mutual punitive tariffs with the initial phase of a trade deal expected to be signed in the coming weeks. The trade row between the two countries has been going on for over a year, resulting in multiple rounds of tit-for-tat tariffs and restrictions.

visit this link https://www.rt.com/busine .. f-opportunity/
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 1 week ago '17        #2
tu calmas  topics gone triple plat - Number 1 spot x1
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Africa has always been a land of opportunity that's why everyone keeps trying to take advantage of African nations
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 1 week ago '13        #3
jjwms33 
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 tu calmas said
Africa has always been a land of opportunity that's why everyone keeps trying to take advantage of African nations
Yep

 1 week ago '19        #4
93NinetyFour  topics gone triple plat - Number 1 spot x1
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Trump making the Motherland great. And you can take that one to the bank and deposit it!
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 1 week ago '16        #5
foshoVoodoo  topics gone triple plat - Number 1 spot x1
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vampires
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 1 week ago '10        #6
datguyjr 
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Smh..

 1 week ago '08        #7
Future 
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 tu calmas said
Africa has always been a land of opportunity that's why everyone keeps trying to take advantage of African nations
Africa has a lot of minerals and natural resources.. it will be the next continent to be exploited..

I think Congo has like 75% of words Cobalt which will be used in electric batteries..
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 1 week ago '14        #8
LEBYA 
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they been exploiting Africa for centuries homie
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 1 week ago '04        #9
Hakim Cobain 
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@ this isn’t news...it’s propaganda can you please move this?



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