African Markets - Factors to watch on Nov 22
NAIROBI, Nov 22 (Reuters) -The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday.
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GLOBAL MARKETS Gold was headed for its largest weekly gain in nearly eight months on Friday and the euro hovered at a 13-month low as Russia lowered its threshold for using nuclear weapons and fired a hypersonic ballistic missile at Ukraine.nL1N3MT02L MKTS/GLOB WORLD OIL PRICES Oil prices rose on Friday after Russia said it had fired a ballistic missile at Ukraine and warned of a broadening conflict, raising the prospect of tightening crude supplies.nL1N3MT01WO/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 firmed on Thursday after the central bank opted for another small cut to its main interest, quashing hopes of a bigger move.nL1N3MS0I5 AFRICA CURRENCIES Kenya's and Nigeria's currencies are forecast to weaken against the dollar in the next week, traders said.nL4N3MS0MW NIGERIA DEBT Nigeria's parliament on Thursday approved the government's request to borrow $2.209 billion from the Eurobond market or other sources to plug funding gaps in its 2024 budget.nL1N3MS0HB KENYA MARKETS The Kenyan shilling KES= was steady on Thursday as dollar inflows from exports matched rising demand from the manufacturing sector, one trader said.nL8N3MS0BL KENYA POLITICS Kenyan President William Ruto said on Thursday he had ordered the cancellation of a procurement process that had been expected to award control of the country's main airport to India's Adani Group after its founder was indicted in the United States.nL8N3MS12J ETHIOPIA BUDGET Ethiopia plans to spend an extra 581.98 billion Ethiopian birr ($4.8 billion) in its 2024/25 fiscal year, Prime Minister Abiy Ahmed's office said on Thursday.nL8N3MS0PT RWANDA CENTRAL BANK RATE Rwanda's central bank held its key interest rate at 6.5% on Thursday after cutting it at the previous two rate-setting meetings this year.nL8N3MS0LS SENEGAL ELECTION Senegalese President Bassirou Diomaye Faye's Pastef party has won 130 out of 165 seats in legislative elections, securing a clear majority in parliament and a mandate to pursue promised reforms, provisional results showed on Thursday.nL1N3MS0UH MALI POLITICS Mali's ruling junta on Thursday appointed spokesperson Abdoulaye Maiga as prime minister after firing Choguel Maiga, state television ORTM said on Thursday.nL8N3MS0VJ GHANA COCOA Ghana's graded and sealed (G&S) cocoa arrivals stood at 182,937 metric tons by Nov. 7 since the start of this year's harvest on Sept. 11, up 49% from 122,699 tons over the same period last season, figures from marketing board COCOBOD showed on Thursday.nS8N3M10MA For the latest precious metals report click on GOL/ For the latest crude oil report click on O/L |
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