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African Markets - Factors to watch on Oct 15

Published 15/10/2019, 06:49
Updated 15/10/2019, 06:50
© Reuters.  African Markets - Factors to watch on Oct 15

NAIROBI, Oct 15 (Reuters) - The following company

announcements, scheduled economic indicators, debt and currency

market moves and political events may affect African markets on

Tuesday.

- - - - -

EVENTS:

*Mozambique holds presidential elections.

*NIGERIA - Statistics office to release consumer inflation

data for September.

GLOBAL MARKETS

Asian stocks and Wall Street futures inched higher on

Tuesday as some investors held out hope that Britain still

had a chance to avoid a messy exit from the European Union

at key negotiations this week MKTS/GLOB

WORLD OIL PRICES

U.S. oil CLc1 may break a support at $52.80 per barrel and

fall towards the next support at $51.86, as suggested by its

wave pattern and a retracement analysis.

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

The South African rand on Monday retreated from a three-week

high it hit in the previous session, as a lack of clarity on

U.S.-China trade relations pushed investors back to safe

havens and hurt risk appetite. MARKETS

The Kenyan shilling KES= was stable against the dollar on

Monday with inflows from offshore investors buying

government debt and tightening liquidity in the local money

market helping meet dollar demand from merchandise

importers, traders said. AFRICAN ECONOMY

Sub-Saharan Africa's economy will accelerate going into next

year but could be derailed as the world moves onto an

uncertain path that could bring an end to the recent

synchronised uptrend, a Reuters poll showed on

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Monday. DIAMONDS

Zimbabwe expects to increase diamond production to 11

million carats by 2023 from 3.2 million carats last year,

the mines minister said on Monday, part of an ambitious plan

to raise mining output and earn the country $12 billion a

year. COAST COCOA

Unusually heavy rain last week in most of Ivory Coast's main

cocoa growing regions has disturbed the development of the

October-to-March main crop and disease is spreading in some

plantations, farmers said on Monday. 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

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