Enterprise Television- Economies Factors To Watch
Economies factors to watch today as event runs around the World.
Asian shares inched up on Monday, tracking Wall Street, which hit record highs on expectations U.S. lawmakers will pass a long-awaited tax bill, while the British pound hovered near 3-week lows amid Brexit talks.
WORLD OIL PRICES
Oil markets were stable on Monday, hovering around Friday’s levels as a lack of conclusive market indicators prevented prices from swinging either way.
A major Nigerian oil union said on Saturday it would launch a strike from Monday after talks aimed at resolving a dispute with domestic oil and gas companies reached a deadlock. Yields on Nigeria’s mid-dated treasury bills rose nearly 1.0 percentage point to 12 percent on Friday, extending a three-day rally as a sell-off which started this week continued.
SOUTH AFRICA MARKETS
South Africa’s rand firmed 2.0 per cent on Friday as the ruling African National Congress prepared to elect its now leader, the likely next President.
Zimbabwe’s President Emmerson Mnangagwa told members of his ruling ZANU-PF party on Friday they would have to start fixing the economy if they wanted a chance of winning next year’s vote.
Rwanda’s economy expanded by 8.0 per cent year on year in the third quarter of this year, compared with 5.4 per cent in the same period last year, the statistics office said on Friday.