Colors: Orange Color

The global market of modern and contemporary African art performed strongly in 2016 with a sell-through rate of 72% in a morose context of the international art market and the slowing down of African economies. This segment proved to be an exception.

Currencies

1.2100 a critical resistance level

The euro concluded the 1st week of 2018 effectively where it started, but what should make the bulls happy is the fact that it managed to end the week above 1.20, which should give them a lot of hope for the coming week. We had a range of data from the US with the manufacturing PMI data and the ADP employment report coming in stronger than expected. The NFP came in weaker but there was a revision higher in the data from previous month which helped the dollar to be steady and pushed the euro lower to end the week just above 1.20.

The Kingdom of Saudi Arabia’s (KSA) automotive parts aftermarket is undergoing significant changes that are pushing companies to realign their business models with new conditions. Declining demand for new cars, growing competition, and change in brand preferences are opening up fresh business opportunities for parts suppliers, distributors, and retailers.

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