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

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

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