On the daily timeframe, CORN: D1 is in an ascending channel and approached the 200-day moving average line. Before opening a position, he must overcome it. A number of technical analysis indicators have generated signals for further growth. Read more.
The Chinese economic transformation, which has seen the country emerge as a force to reckon with in the 21st century has attracted trade, economic and political partnerships with different countries across the world, including Malawi. Read more.
On the daily timeframe, COPPER: D1 came out of the triangle and downtrend. A number of technical analysis indicators have generated signals for further growth. Read more.
The focus for today would be on CPI as well as FOMC meeting minutes that are set for release during the US session. Read more.
With the objective being to pluck Zambia out of its protracted debt crisis, the country’s newly appointed Finance Minister Situmbeko Musokotwane, last week on Friday made a pledge to conclude talks with the International Monetary Fund (IMF) on matters of lending programme by October. Read more.
Democratic Republic of Congo’s government is currently proceeding with the process of reviewing its $6 billion “infrastructure-for-minerals” deal with Chinese investors as part of a broader examination of mining contracts. Read more.
The China State Administration for Market Regulation issued new draft rules earlier in the week which banned unfair competition in its internet sector. Read more
elease of the minutes of the US Federal Open Market Committee (FOMC) meeting in July, according to NKC Research. Read more.
With Zambia going for presidential elections this month, independent economic and political research firm NKC economics has predicted that if incumbent Edgar Lungu wins, he will continue to create a hostile business environment through nationalist and authoritarian policies. Read more.
At 5pm rand was 0.51 percent firmer at R13.72 to the dollar, taking the monthly gain so far to 5.3 percent. Read more.
Elevated prices for the staple food maize are putting pressure on cash-strapped South African consumers still reeling from the coronavirus pandemic and fanning food price inflation. Read more.
Global prices for raw materials are soaring thanks to a boom in demand due to the recovery from the Covid-19 downturn. Read more.
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