Enterprise Television- Economies Factors To Watch
A rally in commodities prices to multi-year peaks pushed resource-linked stocks and currencies higher in Asia on Wednesday, as bullish views on Chinese demand helped copper while supply concerns propped up oil.
WORLD OIL PRICES
Oil prices on Wednesday slipped away from two and a half year highs hit the previous session as the gradual resumption of flows through a major North Sea pipeline made up for supply disruption in Libya.
SOUTH AFRICA ECONOMY
South Africa’s rand traded flat on Friday in thin pre-holiday trade with previous gains spurred by the election of Cyril Ramaphosa as the new leader of the governing African National Congress party still largely intact.
Four civilians were killed in an attack by suspected Boko Haram militants on Monday in the Nigerian city at the centre of a conflict with the Islamists, a resident and two officials .
The Kenyan shilling was firm against the dollar on Friday during the last trading session before markets close for Christmas holiday, traders said.
IVORY COAST ECONOMY
Cocoa arrivals at ports in top grower Ivory Coast had reached about 751,000 tonnes by December 24th since the start of the season on Oct. 1, exporters estimated on Tuesday, down from 833,000 tonnes in the same period last season.
The Uganda shilling was unchanged on Friday amid flat demand as players prepared to close trading activity for a long holiday weekend.
Sudan is to devalue the Sudanese pound to 18 per dollar in January from the current 6.7, the finance minister said on Tuesday, after the IMF called for it to let the currency float freely to encourage foreign investment in the country.
A home belonging to Democratic Republic of Congo President Joseph Kabila has been attacked and a policeman died in the incident, local lawmakers and U.N. sponsored radio said on Monday.
Chad’s President Idriss Deby on Sunday appointed Abdoulaye Sabre Fadoul as minister of finance and also named new economy, foreign affairs, security and justice ministers, a presidential decree showed.