Please wait while we get your page ...

African and International Market Report 12 August – 16 August 2019
African and International Market Report 12 August – 16 August 2019
Posted

By - Jamel Lahiani

Posted - 19-08-2019

Last week, the markets are affected by the news about a potential German economic stimulus brought buyers back to the equities market rebound the majority of index. On the other side, the Gold price was declined after three weeks of positive performance. Despite this, the US and China trade war, The US dollar have a good performance explained by a good retail sales, an important increase of the equities market and the decrease of the gold market price.

Foreign Equities

After two bad weeks, news about a potential German economic stimulus brought buyers back to the equities market rebound all index except New Zealand NZ50. The NASDAQ, S&P 500 and DAX30 indexes record the highest positive % variation respectively of 1.67%, 1.44% and 1.31%. Dow Jones (US) and South African Indexes realized less by 1.20 % and 1.18%.

Commodities

After three weeks of increase, Last week the Gold price realized a negative performance of -0.13%. The Oil- West Texas crude price increased slowly by 0.62% and achieved the week around 54.8 $. On the other side, Lead and Nickel decreased respectively by: -1.45% and -0.42%.

Currencies


Last week, the US dollar price was appreciated face to the Euro with a percent variation of 0.97% followed the increase of the Dow Jones index and the petrol prices with the decline of the Gold price. On the other side, the British Pound rebounds face to the US dollar price, explained by a positive impact data concerned with UK consumer’s Price index. The South African ZAR and The Nigerien NAIRA closed the week around of respectively 15.27900 and 357.00.

0
Would love your thoughts, please comment.x
()
x