Reuters Africa Business

By Chibuike Oguh and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -Global stocks rose while U.S. Treasury yields dipped on Friday after highly anticipated jobs data boosted market expectations of a Federal Reserve interest-rate cut. U.S. job growth slowed to a still-healthy pace in June, with unemployment rising to 4.1%, indicating that the Fed could begin cutting …

World stocks rise, US yields dip amid jobs data, UK labor landslide Read More »

By Caroline Valetkevitch NEW YORK (Reuters) -The U.S. dollar index stayed slightly lower on Friday after data showed U.S. job growth slowed marginally in June while the unemployment rate rose, underscoring the view the Federal Reserve could begin cutting interest rates in September. Nonfarm U.S. payrolls increased by 206,000 jobs last month, the Labor Department …

Dollar stays lower after US jobs data; euro up ahead of French election Read More »

By Georgina McCartney HOUSTON (Reuters) -Oil prices settled lower on Friday as the rising possibility of a ceasefire deal in Gaza outweighed strong summer fuel demand and potential supply disruptions from Gulf of Mexico hurricanes. Brent crude futures settled down 89 cents, or 1.02% lower, to $86.54 a barrel, after reaching their highest since April …

Oil settles 1% lower as Mideast ceasefire talks ease supply disruption concerns Read More »

JOHANNESBURG (Reuters) -South Africa’s rand extended its gains against a weaker dollar on Friday, fuelled by expectations that the Federal Reserve will cut interest rates later this year. At 1543 GMT, the rand traded at 18.2250 against the dollar, about 0.2% stronger than its previous close. “The rand has gained from the weaker dollar after …

South African rand extends gains as dollar slips Read More »

By Nia Williams (Reuters) -Oil prices for Brent crude hit their highest level since April on Thursday, holding above $87 after data the previous day showed a decline in U.S. inventories. Brent crude futures were up 21 cents, or 0.2%, at $87.55 a barrel by 1922 GMT. U.S. West Texas Intermediate (WTI) crude futures were …

Brent crude trades above $87, sets highest levels since April Read More »

JOHANNESBURG (Reuters) -The South African rand extended its gains against the dollar on Thursday after the U.S. currency slipped on rising expectations that U.S. interest rate cuts are on the way. At 1534 GMT, the rand traded at 18.2675 against the dollar, more than 0.8% stronger than its previous close. The dollar index last traded …

South African rand extends gains on U.S. rate cut bets Read More »