Global Markets Mixed on Thursday

Global markets were mixed Thursday, with Asian indexes struggling despite good economic news from China.
Japan’s Nikkei index closed 0.2 percent higher, while the TSEC 50 in Taipei finished 0.6 percent higher. The indexes in Hong Kong, Shanghai and Sydney were all in negative territory, with investors apparently unmoved by Beijing’s announcement that exports rose 3.5 percent from a year earlier, a further sign the world’s economy is slowly recovering from the coronavirus pandemic.
Meanwhile, European markets were trending upward, with the FTSE in London up 0.4 percent by mid-morning, the CAC-40 in Paris trading 0.5 percent higher and the DAX in Frankfurt up 0.7 percent.
Oil markets were also making gains Thursday, with West Texas Intermediate crude, the U.S. benchmark, selling at $24.08 per barrel, up 0.3 percent, while the international benchmark Brent crude trading flat at $29.73 per barrel.
In index futures trading, the Dow Jones, S&P 500 and Nasdaq were all trading well above 1 percent.

Source: Voice of America


Uganda’s Dairy Industry Suffers From Kenyan Ban

That Kenya is a lifeline for the dairy industry in Uganda is not in doubt.Therefore, when Kenya slapped the Mbarara based Lato Milk with an import ban early in the year, the effects were devastating for farmers in the neighbouring state.After several c…

Uganda Refinery Too Costly – CPI

Uganda’s decision to build a refinery has been discouraged on the basis that the facility is not only an expensive venture but also lowers the value of the East African Crude Oil Pipeline (EACOP).This is according to a report by UK-based think tank Cli…