Defiant Johnson Pushes On With Brexit Plan as Court Threat Looms

Defiant Johnson Pushes On With Brexit Plan as Court Threat Looms

LONDON (Capital Markets in Africa) – Boris Johnson is refusing to back down and pushing on with his hardline Brexit strategy despite the risk of being taken to court and the threat of more resignations from his Conservative Party. After a bruising week of defeats for his Brexit strategy culminating in the resignations of his own brother and cabinet minister Amber Rudd, Johnson faces further setbacks on Monday. The prime minister will probably lose another vote in…

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United Kingdom Economy: New Ways to Fight the Next Recession

United Kingdom Economy: New Ways to Fight the Next Recession

LONDON (Capital Markets in Africa) – The U.K. economy has been teetering on the edge of the Brexit precipice for several years now. Should it stumble over, the slump that follows could call for a major boost — that’s harder now than it was in 2009. Bloomberg Economics explores ways to extend the runway for monetary policy to land new forms of stimulus, without compromising the Bank of England’s independence. A deep downturn would likely…

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Ireland’s Bonds Seen Increasingly Risky as Brexit Nears Endgame

Ireland’s Bonds Seen Increasingly Risky as Brexit Nears Endgame

LAGOS (Capital Markets in Africa) – Investors in Ireland’s bonds are sitting on double-digit returns this year after a global debt rally and now they are starting to get nervous. Fears of a bubble in bond markets have been growing on doubts over the extent of future monetary easing. In Ireland’s case, the U.K.’s political turmoil is an added hurdle as the neighboring economies are intertwined and a crash exit from the European Union could…

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Recession Already Grips Corners of U.S., Menacing Trump 2020 Bid

Recession Already Grips Corners of U.S., Menacing Trump 2020 Bid

NEW YORK (Capital Markets in Africa) – The moment usually comes during Greg Petras’s commute through the rolling hills and cornfields of southern Wisconsin. Somewhere between his home near Madison and the factory he runs on the edge of the small town of Brodhead, the news will turn to the trade wars and Donald Trump will again claim that China is bearing the cost of his tariffs. That’s when Petras loses it. “It’s just an…

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Booming Texas Economy May Usher in a Democratic Win in 2020

Booming Texas Economy May Usher in a Democratic Win in 2020

LAGOS (Capital Markets in Africa) – The booming economy that helped the Lone Star State weather the 2008 recession has also sparked a migration there that’s changing the face of Texas politics. The workers who’ve moved to Texas for jobs in the energy and tech sectors are more liberal than Texas natives, slowly turning the deep-red state into a richer purple. Democrats now find themselves close enough to winning Texas that they’ve scheduled the third…

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What China Has and Hasn’t Done to Address U.S. Trade Gripes

What China Has and Hasn’t Done to Address U.S. Trade Gripes

LAGOS (Capital Markets in Africa) – Deep differences separate Chinese and U.S. negotiators on everything from market access to industrial subsidies as the two sides prepare to meet next month in Washington. As their trade talks unraveled in acrimony in May, the U.S. blamed China for walking back alleged commitments on issues including forced technology transfers. China responded in a White Paper, accusing the U.S. of unreasonable demands and argued that it had made “remarkable progress” in improving its business…

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What to Watch in Commodities: OPEC+, Nickel, Crops, Lithium, ECB

What to Watch in Commodities: OPEC+, Nickel, Crops, Lithium, ECB

LAGOS (Capital Markets in Africa) – Commodities investors are in line for a comprehensive update on the state of energy, metal and agricultural markets this week. Leading the charge, the World Energy Council kicks off Monday in Abu Dhabi, with ministers and executives attending, while OPEC+ officials meet on the sidelines later in the week. Those events will carry extra significance following the installation of Prince Abdulaziz bin Salman as Saudi Arabia’s new energy minister. There’s a triple hit…

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