Monthly Archives:

August 2020

Shinzo Abe is stepping down – what does this mean for Japanese markets?

Today’s headlines have been dominated by the news that Japanese prime minister Shinzo Abe has announced his resignation due to health reasons. While markets seem somewhat spooked by this, there’s reason to see this as a good entry point into Japanese assets rather than a reason to run away.

Abe’s health has been a topic in the news for some time now. I would argue that his stepping down on …

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Will the EU Recovery Fund kickstart the green bond market?

The EU’s €750 billion recovery fund can be considered a major political achievement for the bloc. It’s good news for investors too, as the announcement helps to contain EU break-up risk as a result of Covid-19.

The plan has also received a positive reaction from green investors: the recovery fund can direct resources not only to hard-hit sectors, but also to sectors not directly affected by…

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Is market pricing of African eurobonds unfair?

When Ken Ofori-Att – the Ghanaian finance minister – presented mid-year budget revisions, he highlighted the huge challenges of the pandemic. The Ghanaian response to COVID-19 has been quick, well organised and aimed at stopping economic weakness becoming a depression. But the rescue is coming at a large financial cost to the country. The fiscal deficit is forecast to be around 11% of GDP in 2…

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