African Markets - Factors to watch on Dec 18
NAIROBI, Dec 18 (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 hovered near two-week lows and the dollar hit milestone highs against the Australian and New Zealand dollars on Wednesday in the countdown to an expected U.S. interest rate cut.nL1N3NJ02GMKTS/GLOB WORLD OIL PRICES Oil prices traded in a narrow range early on Wednesday as investors remained cautious ahead of an expected interest rate cut by the U.S. Federal Reserve.nL4N3NI1JKO/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 weakened against a stronger dollar on Tuesday as investors turn their attention to the Federal Reserve's interest rate decision.nL1N3NI0JE KENYA MARKETS The Kenyan shilling KES= was stable on Tuesday as hard-currency appetite was muted, traders said.nL8N3NI0E3 KENYA PETROLEUM Kenya has further extended an oil supply deal with three Gulf firms that has helped to relieve pressure on its shilling currency KES=, it said on Tuesday.nL8N3NI0Y1 KENYA ELECTRICITY Kenya suffered a widespread power outage on Wednesday that affected most of the country, the nation's leading power utility Kenya Power KPLC.NR said.nL1N3NJ01V ETHIOPIA BANKING Ethiopia's parliament passed long-planned legislation on Tuesday allowing foreign banks to operate in the Horn of Africa country, part of government efforts to attract more overseas investment.nL8N3NI0HJ DEMOCRATIC REPUBLIC OF CONGO APPLE The Democratic Republic of Congo has filed criminal complaints against Apple AAPL.O subsidiaries in France and Belgium, accusing the tech firm of using conflict minerals in its supply chain, lawyers for the Congolese government told Reuters.nL1N3NI124 MAURITIUS UK CHAGOS The new government of Mauritius said on Tuesday it wanted to renegotiate a deal with Britain on the future of a U.S.-British military base on the Indian Ocean island of Diego Garcia, in a setback for British Prime Minister Keir Starmer.nL1N3NI0UR ANGOLA PETROLEUM Angola plans to load 28 crude oil cargoes in February, a trade source said, citing a preliminary programme.nS8N3GZ073 For the latest precious metals report click on GOL/ For the latest crude oil report click on O/L |
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