Reuters
Published Nov 04, 2019 05:19
African Markets - Factors to watch on Nov 4
NAIROBI, Nov 4 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Monday.
- - - - -
GLOBAL MARKETS
Asian shares surged to more than 14-week highs on Monday as
growing optimism over U.S.-China trade talks and upbeat U.S.
job data boosted global investors' appetite for riskier
assets. MKTS/GLOB
WORLD OIL PRICES
Oil prices eased on Monday as traders remained cautious
ahead of fresh European and U.S. economic data, despite
hopes for some resolution to the U.S.-China trade row that
has hurt global economic growth and crimped energy demand.
EMERGING MARKETS
For the top emerging markets news, double click on
STOCKS
For the latest news on African stocks, click on .J
SOUTH AFRICA MARKETS
South Africa's rand firmed against the dollar on Friday
thanks to a weaker greenback, while stocks also rose on
improved risk appetite, as markets awaited a Moody's rating
review later in the day. KENYA MARKETS
The Kenyan shilling KES= was stable on Friday, and was
forecast to gain due to inflows from offshore investors
buying government bonds and subsiding dollar demand from
merchandise importers, traders said. KENYA COMPANIES
Kenya's Safaricom SCOM.NR plans to bid for one of two
Ethiopian telecoms licenses next year in partnership with
South Africa's Vodacom VODJ.J , it said after posting a
jump in first-half profit on Friday. NIGERIA OIL
Oil trader Vitol VITOLV.UL has quit a consortium that was
set to buy a stake in two Nigerian oil fields from Brazil's
Petrobras PETR4.SA , its former partner said on Friday.
BOTSWANA POLITICS
President Mokgweetsi Masisi, sworn in for a five-year term
on Friday, promised to drive a transformation of Botswana's
economy, creating more jobs and countering excessive
dependence on diamonds that threatens to knock it off
course.
GHANA CRUDE
Aker Energy's planned development of an oilfield in Ghana
faces delay due to a disagreement with authorities over
regulations, Norwegian investment company Aker ASA AKER.OL
said on Friday. For the latest precious metals report click on GOL/
For the latest base metals report click on MET/L
For the latest crude oil report click on O/L
Written By: Reuters
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