|ICE Brent front month (USD per barrel):||48.93|
|ICE RB Coal - close (USD per tonne):||82.5|
|XAU/USD - Gold (USD per troy ounce):||1250.68|
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The rand traded in a tight range of between 12.87 and 12.96 since the beginning of this week and down from 13.625 mid last week, however, it failed to meaningfully break both the resistance and support levels of 12.96 and 12.88 as markets await the ECB and SARB policy rate decisions. For today and possibly next week when the Fed also decide on its Fed fund rates, we will be listening to central bankers, in some ways, what they say can drive data outcomes by either stimulating confidence and risk-on sentiment or starting risk aversion and portfolio outflows from emerging markets. No change in policy rates is expected from the ECB it may signal that the tapering of QE may start as early as 4Q2017.
RMB is proud to present the sixth edition of Where to Invest in Africa — A Guide to Corporate Investment. Our theme for this edition is Back to the Future as we evaluate Africa’s past progress, present predisposition and future prospects.