Asian shares eased on Monday, with investor sentiment hurt by a retreat on Wall Street and sliding Chinese stocks,while the euro skidded after German coalition talks hit an impasse.
WORLD OIL PRICES
Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead of an OPEC meeting at the end of the month, when the producer club is expected to decide whether to continue output cuts aimed at propping up prices.
SOUTH AFRICA ECONOMY
South Africa’s rand raced to a two-week high against the dollar on Friday as the greenback came under pressure after report that investigators probing possible Russian interference in the U.S. election had subpoenaed President
Donald Trump’s election campaign for documents.
Kenyan police fired teargas to disperse a crowd that was protesting on Sunday against the overnight murder of four people in a slum in the capital Nairobi.
President Robert Mugabe stunned Zimbabwe on Sunday by making no mention of resignation in a television address, defying his own ZANU-PF party, which had sacked him hours earlier, and hundreds of thousands of protesters who had already hailed his downfall.
Industrial gold production in Mali, Africa’s third biggest producer, is on track to exceed earlier forecasts for this year, a government official said on Friday.
The Nigeria economy announced today its economy growth in the Q3 2017 at 1.4 per cent in the year-to-year said the Nigeria bureau of statistics.The economy recovery in the two consecutive quarter in 2017 but still considered fragile as continuation depressed crude oil revenue and the scarcity in the foreign currency.The Central Bank of Nigeria hold monetary policy committee meeting on Monday and Tuesday as the final meeting for the year to discuss on the issue affecting the economy.
Nigeria and Kenya will both leave monetary policy unchanged next week, a Reuters poll forecast, as inflation in the former is not yet tame enough while an interest rate cap in the latter limits policymakers’ room for manoeuvre.