The Markets | - Part 24

Yellen Expects High Inflation Through Mid-2022 Before Easing

NEW YORK (Capital Markets in Africa) – Treasury Secretary Janet Yellen said she expects price increases to remain high through the first half of 2022, but rejected criticism that the U.S. risks losing control of inflation. Inflation is expected to ease in the second half as issues ranging from supply bottlenecks, a tight U.S. labor market and other factors arising from the pandemic improve, Yellen said on CNN’s “State of the Union” on Sunday. The…

Crypto Market Tops $2.7 Trillion as Rally Reaches Beyond Bitcoin

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Optimism about digital assets stoked by Bitcoin’s run to a record high has helped push the overall value of cryptocurrencies to an all-time peak of more than $2.7 trillion. That’s a climb of about $200 billion from the last high in May for a sector that now spans almost 10,000 coins, according to data from tracker CoinGecko. The ascent shows how bets on cryptos are spreading beyond Bitcoin amid enthusiasm about…

Ghana Bonds Punished With Traders Fretting Over Debt Levels

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ACCRA (Capital Markets in Africa) – Ghana’s credit-risk premium has soared to the highest since the start of the pandemic ahead of next month’s budget. It may widen further if Finance Minister Ken Ofori-Atta fails to convince investors that West Africa’s second-biggest economy has a handle on servicing its sky-high debt — a task made all the more difficult by sluggish economic growth. That raises questions about debt sustainability, according to Ernest Addison, governor of the Bank of…

How to use your desires efficiency in Forex trading?

Posted on by The Editorial Team

Everybody desires to make money from their businesses. When they are participating in Forex, their desires go up to the roof. That’s because this marketplace has a good reputation for the daily transaction. It also has high volatility. Due to high volatility, the traders experience more frequent opportunities. Some individuals experience significant pips deviation in the markets. Due to a character like that, most individuals dream of a successful trading career in this marketplace. Unfortunately…

Africa and the golden age of global investment – Cheryl Buss, CEO Absa International

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LONDON (Capital Markets in Africa) – For years, many have recognised the burgeoning potential that Africa holds for global investors. The continent is home to eight of the 15 fastest growing economies in the world, so its economic prosperity matters globally. But the pandemic has hit Africa hard, with meaningful recovery set to take several years. Now more than ever, Africa requires investment, and that investment offers great opportunity, both to global investors and the…

Bitcoin Rallies After Weekend Tumble as ETF Anticipation Builds

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LAGOS (Capital Markets in Africa) – Bitcoin rallied early Monday after falling over the weekend, ahead of an anticipated U.S. exchange-traded fund approval. The largest cryptocurrency gained as much as 5.5% and was trading at about $61,975 as of 10:21 a.m. in London. It fell both Saturday and Sunday to nearly $59,000. Bitcoin is in focus as the first futures ETF tied to the token may debut Monday, according to a filing. Major levels being watched include…

Egyptian President Calls for Revamp of Costly Subsidy System

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CAIRO (Capital Markets in Africa) – Egypt’s president on Saturday said a revamp of the nation’s bloated and costly subsidy system was necessary, amid a broader push by the government to ensure that such aid reaches the neediest segment of the population. Speaking at the inauguration of a state housing project, Abdel-Fattah El-Sisisaid that the lack of sufficient digitization of data in Egypt has, over the years, opened the door to a misallocation of state resources….

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