Nov 16 (Reuters) - The following company announcements, scheduled economic indicators, debt
and currency market moves and political events may affect African markets on Monday.
- - - - -
EVENTS:
*NIGERIA - The statistics office due to release consumer
inflation data for October.
GLOBAL MARKETS
Asian stocks hit a record high on Monday as vaccine optimism
and strong economic data from China and Japan outshone worries
about rising coronavirus cases, lifting just about every
sector. MKTS/GLOB
WORLD OIL PRICES
Oil prices edged up in early Asian trade on Monday, recouping
some losses from the previous session as hopes that OPEC+ will
continue to curb output offset concerns of weaker fuel demand
amid rising COVID-19 cases and higher production from
Libya. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
The South African rand firmed on Friday against a weaker dollar
as concerns over the pandemic's economic toll returned amid
rising global coronavirus infections and uncertainty over the
delivery of a potential vaccine. MARKETS
Nigerian naira eased 0.85% on the black market on Friday to 470
against the dollar as demand pressure resurfaced on the
unofficial currency market, in the wake of dollar shortages in
the economy, traders said. Nigerian stocks dropped 0.86% on Friday, ending a five-day
winning streak, as investors sold equities following strong
gains across sectors at the previous session. WORLD BANK
Nigeria is in the process of accessing a $750 million World
Bank loan to enable local states to support vulnerable
households and mitigate the effects of the COVID-19 pandemic on
the economy, the finance ministry said on Friday. MARKETS
The Kenyan shilling KES= was stable on Friday, with
remittance flows from Kenyans working abroad matching importer
demand. FINANCE MINISTER
Tanzania's re-elected President John Magufuli on Friday
re-appointed Philip Mpango as finance minister, and promised
continued reforms to the mining sector to help deliver the goal
of 8% annual economic growth in his second term. CONFLICT
The leader of Ethiopia's rebellious Tigray region confirmed on
Sunday that his forces had fired rockets at the airport in
Eritrea's capital, a major escalation that raises fears of a
wider war in the Horn of Africa region. DEBT
Zambia will not pay an overdue Eurobond coupon before a 30-day
grace period expires at the end of the day, the finance
minister told Reuters on Friday, setting the country on course
to become Africa's first pandemic-era sovereign
default. RETAILER
Shares in Botswana's budget supermarket chain Choppies
CHOPP.BT resumed trading on South Africa's Johannesburg stock
exchange (JSE) on Friday, after a failure to publish its
financial results led to a 24-month suspension. the latest precious metals report click on GOL/
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