Economies Factors To Watch

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Enterprise Television- Economies Factors To Watch

GLOBAL MARKETS

Asian shares scaled a decade peak on Tuesday after a survey of Chinese manufacturing proved surprisingly upbeat, while the euro lurked within striking distance of its 2017 top against an ailing U.S. dollar.

WORLD OIL PRICES Oil prices had their highest January opening since 2014 on Tuesday, with Brent and WTI crude prices rising to mid-2015 highs, supported by ongoing supply cuts led by OPEC and Russia as well as strong demand.

SOUTH AFRICA ECONOMY South Africa’s rand was firmer on Friday, the last trading day of the year, as continued volatility in low liquidity conditions saw the currency touch and then retreat from levels near its two years and six months best.

NIGERIA ECONOMY Nigerian stocks are expected to keep rising in 2018, fuelled by hopes that lower interest rates and a stable currency will help corporate profits, but traders say gains might be short-lived. The Economy Inflation rate 2017 Q3 stood at 15.9 per cent year-to-year(Y-O-Y).

KENYA ECONOMY Kenya’s gross domestic product grew by 4.4 percent in the third quarter of 2017, compared to 5.6 percent in the same period last year, the statistics office said on Friday. Kenya’s year-on-year(Y-o-Y) inflation Kenya Consumer Price Index (KECPI=ECI) fell to 4.5 percent in December from 4.73 percent the month before, the statistics office said on Friday, reaching its lowest level for nearly five years.

UGANDA ECONOMY Uganda’s inflation fell to 3.3 percent year-on-year(Y-O-Y) in December from 4.0 percent the previous month due to a slowdown in prices of fruit and vegetables the statistics office said on Friday.

ZIMBABWE ECONOMY His wife is a beauty queen, his troops unseated Zimbabwean leader Robert Mugabe, and his motorcade is fit for a president. General Constantino Chiwenga, head of the armed forces until earlier this month, is on a roll.