BOURSE AFRICA

EURO/DOLLAR futures slid back below $1.25 on Bourse Africa on Monday. The euro weakened after Germany’s Bundesbank warned in its monthly report that the outlook for growth in the region’s largest economy was likely to remain weak in the next few months. Meanwhile, the dollar edged higher as the Federal Reserve Bank of New York reported that its general business conditions index increased this month and manufacturing production ticked 0.2 percent up last month, in line with expectations. Gold prices settled lower, dragged down by a strong dollar. West Texas intermediate crude hit $75 a barrel amid signs US economic recovery will bolster energy demand prospects. Pound/dollar futures and contracts for difference (CFDs) were little changed.