NAIROBI, Dec 4 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.
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GLOBAL MARKETS The dollar hit a five-week low while Asian stocks made a lacklustre start to the trading session on Thursday, after weaker-than-expected economic data cemented expectations the Federal Reserve will cut interest rates at its meeting next week. MKTS/GLOB nL4N3XA01U WORLD OIL PRICES Oil prices moved slightly higher on Thursday after Ukrainian attacks on Russia's oil infrastructure signalled potential supply constraints, and stalled peace talks tempered expectations of a deal restoring Russian oil flows to global markets, though weak fundamentals kept gains limited. O/R nL4N3XA00C 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 was stable on Wednesday after the release of a purchasing managers' index dealing with business conditions, while global investors keep tabs on key U.S. data before the Federal Reserve's interest rate decision next week. nL1N3X90F1 RWANDA DIPLOMACY Rwanda’s foreign minister said on Wednesday he hoped an accord set to be signed by U.S. President Donald Trump and the presidents of Rwanda and Democratic Republic of Congo on Thursday would be a step toward peace, even after accusing Congo’s army of violating earlier peace deals in recent days. nL6N3X91FV KENYA EQUITIES Kenya's Safaricom SCOM.NR said on Wednesday that Vodafone Kenya intends to acquire additional shares in Safaricom equal to a 15% stake from the government for about $1.6 billion. nL8N3X927N NIGERIA PUBLIC SPENDING Nigeria's cabinet has signed off on a medium-term fiscal plan that projects spending of around 54.5 trillion naira ($37.71 billion) in 2026, its minister of budget and planning said on Wednesday. nL8N3X927W NAMIBIA OIL Namibia's national oil company Namcor said on Wednesday that the onshore Kavango West 1X exploration well had yielded promising results. nL1N3X90SC NAMIBIA RATES Namibia's central bank left its main lending rate NACBIR=ECI unchanged at 6.50% on Wednesday, saying neighbouring South Africa's decision to lower its inflation target meant it had to be extra careful about controlling price pressures. nL8N3X90L4 GHANA INFLATION Ghana's consumer inflation GHCPIY=ECI slowed for the 11th consecutive month, falling to 6.3% year on year in November from 8.0% in October, the statistics service said on Wednesday. nL8N3X90RM KENYA ECONOMY Kenya's private sector activity expanded for the third consecutive month in November to stand at a five-year high, boosted by better performance across all sectors, a survey showed on Wednesday. nL1N3X907E 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 |
((Compiled by Nairobi Newsroom))
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