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Middle East & Africa


South Africa's rand, bonds firmer in post-MPC glow JOHANNESBURG: South Africa's rand recovered its footing against the dollar on Friday, shaking off the previous day's late bout of risk aversion triggered by the downing of a Malaysian plane in Ukraine.Investors were still applauding the South African Reserve Bank's 25 basis point hiking of interest rates on Thursday to stem inflation pressures, a move seen boosting the rand's yield appeal. The local unit was up 0.93 percent 10.6595 to the greenback by 1521 GMT, the strongest performance in a basket of 25 emerging market currencies tracked by Thomson Reuters. "The core markets regained some composure after the Malaysian jet disaster, allowing for pullback in dollar/rand," said Anisha Arora, emerging market analyst at 4Cast."The rate hike on Thursday did help to stem dollar/rand rallies." The South African Reserve Bank raised the benchmark repo rate to 5.75 percent on Thursday, saying that while it was concerned about weak economic growth, its ...

Kenyan shilling eases slightly, seen under pressure NAIROBI: The Kenyan shilling eased slightly on Thursday because of interbank demand for dollars, and traders said it was expected to remain under pressure in the days ahead as the supply of shillings built up.At 0715 GMT, commercial banks quoted the shilling at 87.70/80 to the dollar, compared with Wednesday's close of 87.65/75."We have seen some interbank (dollar) buying," said a senior trader at one commercial bank.Traders said the shilling was expected to come under ...
South Africa's rand flat vs dollar ahead of rates decision JOHANNESBURG: South Africa's rand was largely flat against the dollar on Thursday ahead of a central bank decision on interest rates later in the session. The currency was unmoved from its New York close, trading at 10.6800 per dollar at 0600 GMT after nudging up in the previous session after statistics revealed domestic retail sales had grown ahead of market forecasts in May.The market remained split on whether Reserve Bank Governor Gill Marcus will hike ...
Kenya shilling eases slightly, eye on 88 level NAIROBI: The Kenyan shilling weakened on Wednesday because of demand from oil companies for dollars, then steadied on expectations the central bank would intervene if it got much weaker.At 0730 GMT, commercial banks quoted the shilling at 87.80/90 to the dollar, slightly down from Tuesday's close of 87.75/85."We saw the oil sector in the market buying dollars, so that's the marginal weakening on the shilling," John Njenga, trader at Commercial Bank of Africa, said.Traders said ...
Kenyan shilling holds steady, dollar demand may be key for direction  NAIROBI: The Kenyan shilling trod water against the dollar on Tuesday and traders said importer demand for dollars would provide it with direction but within a tight range.At 0700 GMT, leading banks posted the shilling at 87.65/75, unchanged from the previous day's close, amid subdued activities on the interbank market."We have seen a few enquiries here and there as we approach the end month and that should keep the dollar well-supported. The ranges are between ...
South Africa's rand vulnerable to more wage strikes JOHANNESBURG: South Africa's rand weakened slightly against the dollar on Tuesday, with scope to extend losses as the country's largest labour union enters the third week of a wage strike that has hit the operations of major auto makers. At 0646 GMT the rand was trading at 10.7050/dollar, down 0.28 percent from its previous close. In fixed income, the yield for the 2026 benchmark added 1 basis point to 8.335 percent while the 2015 paper ...
South Africa's rand weaker as strike drags on, eyes on central bank JOHANNESBURG: South Africa's rand traded weaker on Monday after the NUMSA union rejected the latest wage offer from employers at the weekend and threatened to escalate a two-week-old strike.Market watchers predicted range-bound trade in the run-up to Thursday's monetary policy decision, where a small majority of the 31 analysts polled by Reuters expect the Reserve Bank to keep interest rates unchanged.At 0643 GMT the rand was trading 0.43 percent softer at 10.7480 to the dollar ...


Index Closing Chg%
Arrow DJIA 16,919.59 0.48
Arrow Nasdaq 4,527.52 0.43
Arrow S&P 1,981.60 0.50
Arrow FTSE 6,779.31 0.56
Arrow DAX 9,334.28 0.96
Arrow CAC-40 4,254.45 0.56
Arrow Nikkei 15,449.79 0.83
Arrow H.Seng 25,122.95 0.67
Arrow Sensex 26,420.67 0.11

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln