Asian shares rose on Tuesday, shrugging off modest losses on
Wall Street, while expectations of another U.S. interest rate
increase this year continued to underpin the dollar.
WORLD OIL PRICES
Oil prices were steady on Tuesday as OPEC said there were clear
signs the market was rebalancing and as U.S. production remained
offline following Hurricane Nate.
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SOUTH AFRICA MARKETS
South Africa’s rand slumped to a new six-month low on Monday as
emerging market currencies suffered a broad sell-off linked to
rising U.S. Treasury yields.
Nigerian stocks climbed 1.3 percent on Monday to hit a six-week
high after its biggest listed firm Dangote Cement and some
consumer goods companies gained.
The Kenyan shilling was stable against the dollar on
Monday as the market assessed political developments in the East
African country, traders said.
Congo’s mines minister has ordered a joint venture of Chinese
investors to stop exporting raw copper and cobalt before
processing because of their low value on international markets..
IVORY COAST SECURITY
Ivory Coast authorities arrested a senior aide to parliament
speaker Guillaume Soro on Monday, a prosecutor said, accusing
him of possessing and distributing weapons to destabilise the
state during an army mutiny earlier this year.
Gun battles last week between police and attackers in a remote
northern Mozambican port killed 16 people, including two police
officers, local media reported.