African Markets - Factors to watch on Dec 19
NAIROBI, Dec 19 (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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EVENTS: *Sierra Leone's central bank to announce its latest benchmark interest rate decision. *Mauritius' central bank governor holds a news conference. GLOBAL MARKETS Asian stocks slipped and the dollar was perched near a two-year high on Thursday after the U.S. Federal Reserve cautioned it would ease the pace of rate cuts in the coming year, while the Bank of Japan kept rates steady, as expected.nL1N3NK027MKTS/GLOB WORLD OIL PRICES Oil prices fell in early trading on Thursday after the U.S. Federal Reserve signalled that it would slow the pace of interest rate cuts in 2025, potentially impacting fuel demand.nL4N3NJ1GQO/R EMERGING MARKETS For the top emerging markets news, double click on nTOPEMRG AFRICA STOCKS For the latest news on African stocks, click on .J SOUTH AFRICA MARKETS South Africa's rand was steady on Wednesday as markets await the Federal Reserve's interest rate decision and look for clues on its direction for next year.nL1N3NJ0I3 NIGERIA ECONOMY Nigeria's inflation is expected to fall sharply to around 15% next year from 34.6% in November, helped by lower imports of petroleum products, President Bola Tinubu said on Wednesday.nL1N3NJ0F7 NIGERIA SHELL ASSET SALE Shell SHEL.L has received approval from Nigeria's oil minister for the sale of $2.4 billion in onshore and shallow-water assets to Renaissance Group, Renaissance said in a statement on Wednesday.nL1N3NJ0M3 NIGERIA OIL EXPLORATION BLOCK SALE Nigeria will auction undeveloped oil and gas blocks next year, prioritising natural gas development to support the country's commitment to UN Sustainable Development Goals, the oil regulator said on Wednesday.nL1N3NJ0P6 KENYA MARKETS Kenya's shilling KES= was stable on Wednesday, with dollar inflows from remittances and non-governmental organisations matching importer demand, traders said.nL8N3NJ092 MOZAMBIQUE MINING Australian miner South32 S32.AX said on Thursday it expects to rebuild alumina stocks in the coming days if trucking conditions remain favourable at the Mozal Aluminium smelter in Mozambique after operational disruptions at the site due to post-election civil unrest.nL4N3NJ1JB MOZAMBIQUE ECONOMY Mozambique's 2024 economic growth is likely to be revised down from a previous forecast of 4.3% due to post-election civil unrest and the impact of Cyclone Chido, a senior International Monetary Fund (IMF) official said.nL8N3NI0TE BARRICK GOLD MALI Canadian miner Barrick Gold ABX.TO said on Wednesday it had submitted a request for arbitration to the International Centre for the Settlement of Investment Disputes (ICSID) to address matters of disagreement with the Malian government regarding its Loulo-Gounkoto mine complex.nL4N3NJ118 For the latest precious metals report click on GOL/ For the latest crude oil report click on O/R |
(Compiled by Nairobi Newsroom)
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