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The Ibovespa index restored its footing above 122,000 points, buoyed by rising metal products and positive belief from Wall Street. This week, the index taped a nearly 3% increase.This reflects a robust market reaction to beneficial economic signs. On Friday, the Ibovespa closed at 122,350.38 points, marking a 0.92% rise for the day
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Read more: [Brazil] - Brazil's Ibovespa Index Gains Nearly 3% This Week, Driven by Metal Commodities
Write comment (97 Comments)This article examines the economic forecasts for Africa’s leading economies by GDP: Nigeria, South Africa, Egypt, Morocco, and Algeria. Each nation faces unique challenges and opportunities as we look towards 2025 and 2026.
From Nigeria’s service-led growth to South Africa’s cautious recovery, Egypt’s tourism boom, Morocco’s resilience, and Algeria
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Read more: Economic Growth Projections for Major African Nations
Write comment (90 Comments)Oil prices experienced their second consecutive day of losses, but they maintained the $80 mark, concluding the week positively. The Brent crude contracts for March settled down 0.61% at $80.79 per barrel on the Intercontinental Exchange in London.
Despite this dip, Brent recorded a weekly increase of 1.12%, marking its fourth consecutive week of
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Read more: Oil Prices Drop but End Week with Gains Over 1%
Write comment (94 Comments)The Mexican peso regained ground on Friday morning after hitting its lowest level in two and a half years. This recovery comes amid an erratic market.
Investors remain nervous about Donald Trump’s upcoming presidential inauguration on Monday. The Bank of Mexico (Banxico) reported the peso’s slight appreciation against the US dollar.
The spot
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Read more: Mexican Peso Rebounds After Hitting Two-and-a-Half-Year Low
Write comment (90 Comments)The cryptocurrency market saw a remarkable rise in XRP's worth following Donald Trump's election. The Ripple-associated token skyrocketed by 546% given that the U.S. elections, significantly surpassing Bitcoin's 56% gain.This astounding rally originates from a series of regulative developments and political shifts. XRP's troubled journey started with the
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Read more: XRP Surges Over 500% Since Trump's Election: A Regulatory Turnaround Tale
Write comment (92 Comments)Venezuela’s economy grew by 9% in 2024, according to President Nicolás Maduro’s annual address to the nation. The Central Bank of Venezuela provided this figure, marking a significant economic rebound. Maduro delivered this news during his yearly “memory and account” speech at the Teresa Carreño Theater in Caracas.
The President highlighted the
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Read more: Venezuelan Economy Surges: 9% Growth and Doubled Tax Revenue in 2024
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