The Editorial Team |

JPMorgan Says Volatility Turning From Market Foe to Friend

LONDON (Capital Markets in Africa) — Volatility in stocks and bonds has ebbed to levels that could boost markets rather than fuel more turbulence, according to JPMorgan Chase & Co. Price swings are getting muted as central banks and governments around the world provide unprecedented packages of stimulus to cushion the economic hit from Covid-19. That’s improving conditions in funding markets, market liquidity and deleveraging by value-at-risk sensitive investors — three key areas for volatility —…

Pound May Turn Into Unlikely Winner From Europe’s Virus Troubles

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) — The coronavirus has blown Brexit out of the headlines, and for pound traders that may be a silver lining. Sterling will strengthen to 80 pence per euro — a level not reached since the 2016 vote to leave the European Union — and possibly beyond, according to Standard Bank. The pandemic means that the deadline for a trade deal this year could either be pushed back, delaying a risk…

U.K. Popcorn Maker Shows Problems with Government’s Virus Rescue

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LONDON (Capital Markets in Africa) — A U.K. gourmet popcorn manufacturer can attest to why few small businesses are getting the financial aid the government is advertising. Adam Sopher, the co-founder of Joe & Seph’s, said one of the banks he’s applied to for a loan is asking him to provide a personal guarantee. That’s even after the U.K. Treasury loosened the terms of its headline aid package so that such a step wouldn’t be necessary….

INTO AFRICA March-April 2020 Edition – X-ray on Africa’s Fundamentals

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LAGOS (Capital Markets in Africa) – During these difficult times, we wish you and your loved ones health, happiness and brighter days ahead. Welcome to the March/April 2020 edition of INTO AFRICA, a publication written by the professionals, for professionals, investors, policymakers … We Advance and provide fresh insights into Africa’s emerging markets through renowned thought leadership and peer-to-peer knowledge-sharing. This edition is titled: “X-Ray on Africa’s Fundamentals”. Looking at the economic and market outlook…

Africa Needs Debt Relief to Fight COVID-19

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LAGOS (Capital Markets in Africa) – After a slow start, COVID-19 has spread increasingly rapidly throughout Africa, with more than 7,000 confirmed cases and 294 deaths across 45 countries and two territories as of April 7. Unless the continent urgently receives more assistance, the virus will continue to cut a deadly and remorseless path across it, with ever grimmer health and economic consequences. As an essential first step, therefore, we call for immediate debt relief for…

Nearly Half of Britons Still Visited ‘Workplaces’, Google Data Suggests

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LAGOS (Capital Markets in Africa) — As many as 45pc of Britons continued to visit their “workplaces” in the last few days compared to the same time a month ago, according to a vast new data set made public by Google that tracks movement on billions of people around the world. The internet search giant published data showing how people around the world are moving amid the coronavirus crisis. The Google COVID-19 Mobility Report, launched…

Ryanair Says Fuel Hedges Will Dent Profit by $325 Million

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LONDON (Capital Markets in Africa) — Ryanair Holdings Plc predicted a 300 million-euro ($325 million) hit for the fiscal year that just ended because of costs arising from fuel hedges. Before the extra costs, profit for the year ended March 31 will come in as low as 950 million euros, the bottom end of its previous estimate, the Irish low-cost carrier said Friday. With its planes mostly grounded for April and May, Ryanair said it’s impossible to…

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