GLOBAL MARKETS

South African rand note

S.Africa's rand recovers ground, bonds softer

South Africa's rand nudged higher against the dollar in late Johannesburg trade on Thursday as risk appetite received a boost from favourable U.S. data but further weakness still lurks while euro zone debt worries remain, traders said.
Canada's banks may still be best TSX bet for 2012

TSX falls as euro zone fears hit gold price

Toronto's main stock index was lower on Thursday morning, but well off its 1 percent fall shortly after the open, as gold-mining shares fell along with bullion prices after weak European bond sales sparked fears of a worsening euro-zone debt crisis.
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Stocks Down, Bunds up as Spanish Debt Costs Jump

World stocks hit a one-week low on Thursday and Bunds rose as Spain paid more than at any time since 1997 to sell ten-year debt, sparking fears it may join other euro zone peripheral states in being unable to finance itself.
Airbus Reports of New Plane Order Suspensions Coming from China

Airbus Secures $20.5 Billion Deal at 2011 Dubai Air Show

France-based Airbus AS has secured a total of 211 orders at the 12th Dubai Airshow worth $20.5 billion. The order involves 135 firm orders worth $13.7 billion (130 A320neo and five A380s) and 76 memorandum of understanding (MoU) worth $6.8 billion.
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Asian Shares Flat amid Europe Fears

Asian shares wobbled Thursday as doubts deepened about Europe's ability to stop its sovereign debt crisis from spinning out of control, with Germany and France split over the European Central Bank's bond buying role.
Oil Prices

Oil Pushes Through $100 Level…Again

Several factors are at work in oil's latest push back above the psychologically-significant $100 per barrel level -- a price that U.S. motorists wince at.
A customer fuels her car with unleaded petrol at a Morrisons supermarket in Coalville, central England,

Cameroon hikes 2011 oil output forecast

Cameroon's state oil company has increased its 2011 oil production forecast to 65,000 barrels per day from 55,000 bpd, an official told Reuters late on Tuesday.
South African rands

S.Africa rand steadies, yields down as bonds edge up

South Africa's rand reversed its earlier losses against the dollar on Wednesday and government bond yields pulled back from the previous day's multi-week highs as local assets took a breather from a hammering brought on by global risk aversion.
TSX flat as weak golds outweigh stronger banks

TSX may open lower as Europe rattles markets

Canadian stocks looked set to open lower on Wednesday along with commodities on investor fear of contagion from the weakest debt-ridden euro zone economies such as Greece into bigger ones such as Italy, Spain and even France.
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Canada private equity deals tumble in Q3

Canadian private equity deals tumbled in the third quarter from the year-ago period, but were still far above crisis levels of just two years ago, according to an industry report on Wednesday.
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European Markets Stabilize after ECB Steps in

Pressure eased on Europe's government debt market Wednesday, with Italian borrowing costs back below the 7 percent level viewed as unsustainable after the European Central Bank was seen buying up bonds.
A trader works on the floor of the New York Stock Exchange

U.S. Stock Index Futures Signal Early Gains

Stock index futures pointed to a higher open on Wall Street Wednesday, with futures for the S&P 500 up 0.4 percent, Dow Jones futures up 0.3 percent and Nasdaq 100 futures up 0.4 percent at 1007 GMT.
Saks Firth Avenue

What Recession? Luxury Brand Retailers Can Barely Keep Up With Consumer Demand

Upscale apparel and accessories retailers have been consistently outperforming the rest of the retail market, as they've been able to simultaneously roll back discounts and increase sales. A spike in sales for the most expensive of offerings, and at branded outlets, belies a more sinister reason for the surge: growing income inequality.
Gill Marcus

S.Africa monetary policy to focus on inflation: Marcus

South Africa's monetary policy will maintain its focus on hitting a 3-6 percent inflation target over the medium term but will remain sensitive to the domestic economic situation, Reserve Bank Governor Gill Marcus said on Tuesday.
A currency dealer counts Kenya shillings at a money exchange counter in Nairobi

Kenya shilling falls for second day, stocks slip

The Kenyan shilling reversed early gains to close weaker against the dollar for the second straight session on Tuesday, hurt by telecom sector demand for dollars, while stocks extended losses to a fifth day.
Spain's Prime Minister Jose Luis Rodriguez Zapatero's party is poised to lose the upcoming Nov. 20 election, adding an extra element of uncertainty to the sovereign bond market

Eurozone Crisis 2011: Spain and Hungary May be Next

The Eurozone crisis in 2011 was first about Greece. Then, while Greece was still working to secure its new bailout package, Italy came into focus as its 10-year bond yields soared to 7.5 percent last week.

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