Economic week ahead: US political drama continues
While SA reports on reserve figures, the US's political stalemate between the Republicans and Democrats will continue to preoccupy global markets. The US government has been partially shutdown since October 1 and no progress appears imminent. The on-going political stalemate between Congressional Republicans and Democrat US President Barack Obama will continue to preoccupy global markets in the week ahead.
China will provide a snapshot of lending and Australia will report unemployment. South Africa and Ghana will report last month's reserve figures on Monday.
On Tuesday, Ghana will report last month's consumer price index readings. Ghana's inflation rate fell in August, and is likely to have remained subdued in September, but the Public Utilities Regulatory Commission's announcement on September 25 that power and water tariffs will be raised by 79% and 52% respectively from October 1 will increase price pressures moving forward.
Inflation reports from Angola, Egypt, Namibia and Zimbabwe will follow on Wednesday. Angola and Egypt are also likely to face price pressures over the coming months.
On Thursday, Statistics South Africa will report mining and manufacturing numbers for August.... Read the full, comprehensive news article and discuss at Mail & Guardian