Economies Factors To Watch

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 Enterprise Television- Economies Factors To Watch

GLOBAL MARKETS

Asian stocks struck a decade peak on Wednesday as risk appetites were whetted by a bevy of upbeat manufacturing surveys that confirmed a synchronised upturn in world growth was well under way.

WORLD OIL PRICES

Oil prices were stable on Wednesday, not far off mid-2015 highs reached the previous session, as strong demand and ongoing efforts led by OPEC and Russia to curb production tightened the market.

 SOUTH AFRICA ECONOMY

South Africa’s rand was little changed on the first trading day 2018,giving up earlier gains in late trade after it was buoyed by improved sentiment for emerging currencies and a sluggish dollar.

KENYA ECONOMY

The Kenyan shilling (KES) edged down on Tuesday as market participants scrambled to fill pent-up demand for dollars after the holidays

ZAMBIA ECONOMY

A London court has ordered Zambia Vedanta VED.L unit KCM to pay a state mining company $139 million in a claim related to the copper price, raising by $36 million the amount it was originally ordered to pay, the state company said on Tuesday.

UGANDA ECONOMY

Uganda’s President Yoweri Museveni has signed a law that scraps a 75-year age cap for presidential candidates, a spokesman for parliament said on Tuesday, a move critics say will allow him to remain in power indefinitely.