Serbia
Serbia’s Refinery Strain Exposes Sanctions Risk
Serbia’s NIS faces crude disruption under new U.S. sanctions; rerouting delays could tighten fuel markets, pressure EURRSD, and lift inflation risk. (CL=F, DXY)
Kelvin Peter Msangi
Kelvin Peter Msangi is a Tanzanian finance and economics researcher known for data-driven analysis on fiscal policy, markets, and economic reform. His work has been featured in leading publications across East Africa and other regions.
Bulgaria
Bulgaria shields fuel supplies
Wholesale rack spreads vs ICE gasoil and Brent (CL=F) are key; EU guidance will shape flows. DXY, CL=F.
Kenya
CBK Signals Cautious Monetary Easing
Kenya cuts rate to 9.25 % as CPI hits 4.6 %; easing cheers NSEASI but tight reserves and firm DXY limit scope for follow-up moves. (DXY, NSEASI)
Uganda
Commodity Windfall Narrows Trade Gap to Surplus
Uganda’s export earnings jump 37 % to US $11.1 billion as coffee (KC=F) and cocoa (CC=F) prices soar; trade gap flips to US $1.25 billion surplus, fortifying FX reserves amid firm DXY. (KC=F, CC=F)
Russia
Russia Cuts Rate 50 bps to 16.5%
Russia trims policy rate 50 bps to 16.5% as inflation eases to 5.6%; ruble steady near 93; Brent $89 supports revenues; tight stance likely through 2026. (USDRUB, CL=F)
Spain
Spain Adds 118K Jobs as Labour Strength Endures
Spain adds 118K jobs in Q3 (+564K y/y) as unemployment falls to 11.2%, its lowest since 2008; IBEX 35 up 0.5%, BONO10Y steady at 3.32%. Services remain key growth engine.
Italy
Italy’s Budget Calm Reassures Markets
Italy’s 2025 budget targets 0.5% growth and 4.4% deficit; coalition truce narrows BTP–Bund spreads to 174 bps, lifting FTSE MIB 0.8% as EU scrutiny eases.
Tanzania
Universities Join Industrialisation Drive
Tanzanian universities commercialise IoT and safety tech as COSTECH funding triples; stable CPI 3 % and DSE EGM reforms anchor SME expansion amid global chip-price shifts. (DSEEGM, CPI)
Tanzania
Ngorongoro Targets TSh 350 Billion in Tourism Revenue
Ngorongoro targets TSh 350 billion (~US$140 m) as visitor yields rise and carbon-credit plans advance; tourism earnings offset FX risks from volatile XAUUSD and BZ=F prices. (XAUUSD, BZ=F)
United Kingdom
UK Retail Recovery Steadies Sterling and FTSE
UK retail sales +0.5% m/m steady FTSE 100 at 8,250 and GBPUSD 1.286; BoE seen easing in early 2026 as inflation near 3.4% supports soft-landing narrative.
Portugal
Portugal PMI Reaches 17-Month High
Portugal’s PMI rises to 52.2 — a 17-month high — as services lift recovery and inflation cools; investors eye reforms to turn momentum into lasting growth. (EURUSD, CL=F)
Portugal
Yields and PSI Index Hold Steady in Lisbon
Portugal’s OE-2026 budget steadies markets; deficit 2.8%, yields flat, and fiscal prudence reinforces investor confidence heading into 2026. (PT10Y, EURUSD)