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For Stocks Pumped by Draghi’s Stimulus, The Only Way May Be Down

LAGOS (Capital Markets in Africa) – Ahead of this week’s European Central Bank meeting, investors mostly see the region’s equities weathering President Mario Draghi’s tapering signals. But in the short term, there are signals aplenty that the shares may be ripe for a pullback, particularly if the euro resumes its rally. Strategists on average now expect the Euro Stoxx 50 to decline by year-end. Here are five charts that indicate overheating in the stock market. Euro-area stocks are no longer…

EU Wins First Battle of Brexit Talks as U.K. Retreats on Timing

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – The U.K. lost its first battle with the European Union over the timetable for Brexit talks as the bloc’s chief negotiator warned that the consequences of leaving will be “substantial.” On day one of the negotiations, Prime Minister Theresa May’s government gave in to EU demands to discuss the terms of its divorce — including the exit fee — before any consideration can begin on the future trade deal Britain…

EU Sanctions Nine Congolese Including Two Government Figures

Posted on by The Editorial Team

CONGO (Capital Markets in Africa) – The European Union imposed sanctions on nine Democratic Republic of Congo citizens, including the interior and communications ministers, accusing them of undermining democracy and responsibility for human-rights abuses. The travel bans and asset freezes represent a significant escalation in EU action against President Joseph Kabila’s government since it failed to hold elections in November. While the EU sanctioned seven security officials in December, Monday’s move is the first time the EU has…