African Markets - Factors to watch on Nov 13

Reuters2024-11-13
African Markets - Factors to watch on Nov 13

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

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GLOBAL MARKETS

Asian stocks slumped on Wednesday as a sharp rise in U.S. bond yields unnerved investors ahead of key inflation data that could inform the pace of Federal Reserve policy easing.nL1N3MK03IMKTS/GLOB

WORLD OIL PRICES

Oil prices edged up on Wednesday on signs of near-term supply tightness but remained near their lowest in two weeks a day after OPEC downgraded its forecast for global oil demand growth in 2024 and 2025.nL4N3MJ2KMO/R

EMERGING MARKETS

For the top emerging markets news, double click on nTOPEMRG

AFRICA STOCKS

For the latest news on South African stocks, click on .J

SOUTH AFRICA MARKETS

South Africa's rand hit a three-month low on Tuesday, hurt by a stronger dollar and weaker gold prices, as markets grappled with what another Donald Trump presidency will mean for U.S. policy and trade relations.nL1N3MJ0DI

NIGERIA SMELTER

Nigeria has signed a $1.2 billion contract with Chinese state-owned engineering firm CNCEC to revamp a gas processing plant crucial for the country's aluminium production, its Petroleum Ministry said.nL8N3MJ0R2

KENYA MARKETS

The Kenyan shilling KES= was steady against the dollar on Monday, as inflows from the agriculture and tourism sectors matched demand from general goods importers and oil marketing companies, traders said.nL8N3MI08N

KENYA EQUITY GROUP RESULTS

Kenya's Equity Group Holdings EQTY.NR on Tuesday reported pretax profit of 51.0 billion Kenyan shillings ($397 million) for the first nine months of 2024, up from 45.9 billion shillings in the same period a year earlier.nL1N3MJ07Y

MAURITIUS ELECTION

Mauritius' opposition leader Navin Ramgoolam was appointed prime minister on Tuesday, returning to the post a decade on after his coalition won a near clean sweep of seats in parliament in a general election.nL8N3MJ184

GUINEA POLITICS

A committee of Guinean opposition groups, civil society organisations and activists known as the Forces Vives called on Tuesday for the West African country to establish civilian rule by Jan. 1.nL8N3MJ28B

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((Compiled by Nairobi Newsroom))

((Email: nairobi.newsroom@thomsonreuters.com))

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