Markets wrap: Stocks, currencies on hold as traders await federal reserve

Markets were largely in a holding pattern Wednesday, with U.S. equities little changed near record levels and the dollar edging lower as investors awaited fresh insight on the path for borrowing costs in the world’s biggest economy. The S&P 500 Index was sitting at the 2,400 mark, within points of its all-time high. European shares […]

African markets – Factors to watch on May 24

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. – – – – – GLOBAL MARKETS China’s main stock index fell one percent and the Australian dollar slipped on Wednesday after Moody’s cut its sovereign credit rating on China. WORLD OIL PRICES Oil […]

Markets Wrap: Europe stocks gain, dollar steady before Fed clues

European stocks rose and U.S. equity futures and the dollar both steadied as investors awaited fresh insights into the path for borrowing costs from the Federal Reserve. A credit-rating downgrade in China sank industrial metals and oil’s winning streak continued. The Stoxx Europe 600 Index climbed a second day, but struggled to gain momentum as […]

U.S. stock futures higher ahead Trump’s budget plan to cut spending

U.S. stock index futures were modestly higher on Tuesday, shrugging off a deadly bomb blast in Britain and ahead of U.S. President Donald Trump’s first full budget plan that is aimed at slashing government spending. U.S. futures slipped slightly on Monday evening, before recovering, on news of the suicide attack that killed at least 22 […]

Wall St higher as oil, defense stocks gain

Wall Street gained in early trading on Monday, helped by higher oil prices and as defense stocks rose after a $110 billion arms deal between the United States and Saudi Arabia. Oil prices were up about 0.6 percent, bolstered by confidence that top exporters will this week agree to extend supply curbs, with suggestions that […]

U.S. stocks slump, bonds rally amid Trump turmoil: Markets wrap

U.S. Stocks Slump, Bonds Rally Amid Trump Turmoil: Markets Wrap

Risk off sentiment grips markets with Washington on edge Stocks fall as volatility indexes, bonds gain; oil rises Assessing President Trump’s Fallout on the Markets The turmoil engulfing President Donald Trump’s administration spilled into financial markets as U.S. stocks fell the most since March, measures of volatility spiked higher and Treasuries rallied with gold. The […]

Aiteo strengthens group with appointment of international advisor

Mr Knezevic will lead Aiteo’s funds raising activities from global capital markets with the primary objective of reinforcing the Group’s growth and diversification targets in Nigeria and across Africa as a whole Aiteo Group has announced the appointment of Ratko M. Knezevic as Group Advisor on Business and Capital Development with effect from 5 May […]

Vodafone sells $2.6 billion Safaricom stake to S.African unit

Vodafone Group Plc is simplifying its holdings in sub-Saharan Africa, selling a $2.6 billion stake in Kenya’s Safaricom Ltd. to its majority-owned Vodacom Group Ltd. The all-share deal will transfer a 35 percent stake in Safaricom to Vodacom in return for stock in the Johannesburg-based unit, raising the parent’s stake in its South African business […]