Finance World

Global sales of smartphones to end users totaled383 million units in the third quarter of 2017, a 3 percent increase over the same period in 2016, according to Gartner, Inc. All of the top five smartphone vendors achieved double-digit growth apart from Apple, which achieved a 5.7 percent increase.

Currencies

Strong NFP report bearish for EUR

Non-farm payrolls increased by 228,000 in November, following a244,000 a month earlier that was revised down from the initial increase of 261,000. The data exceeded the consensus estimate for the creation of 200,000 jobs. The jobless rate held at 4.1% last month,in line with expectations.

Saxo Bank, the online multi-asset trading and investment specialist, has today released its 10 'Outrageous Predictions' for 2018. The predictions focus on a series of unlikely but underappreciated events which, if they were to occur, could send shockwaves across financial markets.

With three weeks remaining till the end of 2017, regional markets are still waiting for a catalyst to move the stagnant water. Five out of the eight indices have a negative performance YTD so far, mainly affected by geopolitical tensions and the lack of any investment catalyst.

The TV market outlook for Africa & the Middle East published by IDATE Digiworld has forecasted that the television market in Africa and the Middle East is set to grow by 30% from 2016 to 2021, an increase of almost US$3.5 billion, making the MEA region one of the fastest growing global markets.