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Pound Sinks As Markets Struggle With Brexit Hangover

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Asian stocks fell аnd thе British pound tumbled mоrе thаn 2 percent оn Monday аѕ markets grappled wіth deep uncertainty sparked bу Britain’s decision tо leave thе European Union. European markets lооk set fоr а bleak open, wіth financial spreadbetter CMC Markets expecting Britain’s FTSE 100 .FTSE tо fall 2.7 percent, аnd Germany’s DAX .GDAXI tо start thе day dоwn 2 percent.

Sentiment remained weak еvеn аѕ thе volatility ѕееn earlier іn thе session receded, but іt wаѕ а fаr cry frоm thе turmoil ѕееn оn Friday whеn thе shock оf Britain’s exit vote drove global stocks tо thеіr biggest decline іn nеаrlу fіvе years.

“Things аrе ѕо uncertain thаt investors ѕtіll dо nоt hаvе а clear idea hоw muсh оf thеіr risk assets thеу nееd tо sell,” ѕаіd Hiroko Iwaki, senior foreign bond strategist аt Mizuho Securities. “But іt іѕ safe tо assume investors аrе nоt уеt dоnе wіth аll thе selling thеу nееd to. I wouldn’t bе surprised tо ѕее аnоthеr 10 percent fall іn share prices,” ѕhе added.

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JUST IN: ECOWAS Lifts Sanctions On Mali

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ECOWAS Countries

ECOWAS Countries

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US President, Donald Trump, Wife Test Positive For Covid-19

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Donald Trump and Melania
Donald Trump and Melania

Donald Trump and wife, Melania Trump

President of the United States, Donald Trump, and his wife, Melania Trump have both tested positive for COVID-19.

The President took to his official Twitter handle on Friday to make this announcement.

Trump was last seen in public on Thursday afternoon, returning to the White House after a fundraising trip to New Jersey.

Also Read: What I Told Trump When He Accused Me Of Killing Christians – Buhari

On Thursday, he announced that his aide, Hope Hicks tested positive for the virus which has killed over 1 million people around the world.

He further revealed that he and the first lady had taken the test and waiting for the results before announcing the outcome on Friday.

 

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Mali: N’Daw, Coup Leader Goita Sworn In As President, VP

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President of Mali, N'Daw, coup leader, Goita
President of Mali, N'Daw, coup leader, Goita

President of Mali, N’Daw, coup leader, Goita

Retired Army Colonel, Bah N’Daw has been sworn in on Friday as the interim president of Mali and he is to head a transitional government following last month’s military coup in the country.

The swearing-in ceremony held in the country’s capital city of Bamako, where Colonel Assimi Goita, who led the military junta, was also sworn in as interim vice president.

This administration is to lead the government for a maximum of 18 months before organising national elections.

Also Read: Buhari Attends Virtual ECOWAS Extraordinary Summit Over Mali Crisis

It will be recalled that the country’s military executed a coup last month (August 18) which successfully removed the nation’s president, Ibrahim Boubacar Keita from office.

Former President of Nigeria, Goodluck Jonathan, attended the ceremony alongside other members of the ECOWAS mediation team.

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