🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

African Markets - Factors to watch on Oct. 13

Published 13/10/2020, 06:00
© Reuters.
USD/ZAR
-
USD/KES
-
CL
-

NAIROBI, Oct 13 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.

GLOBAL MARKETS

Asian shares slipped on Tuesday, brushing off a firmer Wall Street lead as China's post-holiday rally cooled, although a buoyant tech sector and fresh optimism about U.S. stimulus are expected to continue to support sentiment.

WORLD OIL PRICES

Oil prices were steady in early trade on Tuesday, sitting on losses of nearly 3% from the previous session after supplies began to resume in Norway and the U.S. Gulf of Mexico and Libya resumed production at its largest oilfield. 

SOUTH AFRICA MARKETS

South Africa's rand firmed slightly on Monday, clinging to the previous week's gains spurred by hopes for the conclusion a stimulus package in the United States.

MARKETS

The Kenyan shilling was stable on Monday as light demand for dollars from the energy and horticulture sectors was matched by the supply in the market. 

KENYA EDUCATION

Kenyan schoolchildren in grades four, eight and 12 returned to class on Monday, ending a months-long closure of all educational institutions in the country designed to slow the spread of the novel coronavirus.

PROTESTS

Nigerian President Muhammadu Buhari promised on Monday that the government would bring police officers responsible for misconduct to justice, after nearly a week of sustained protests against police brutality that were met by a harsh response.

COAST COCOA

Above-average rainfall last week in most of Ivory Coast's cocoa regions brightened the outlook for the main crop harvest, farmers said on Monday, even as some voiced concerns about bean quality and the impact of electoral tensions.

CORONAVIRUS

Ethiopia has raised its health budget by 46% this year after the coronavirus crisis exposed the need for more equipment, facilities and personnel, Prime Minister Abiy Ahmed said on Monday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.