African Markets - Factors to watch on Nov 27
NAIROBI, Nov 27 (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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EVENTS: *Namibia holds presidential and parliamentary elections.nL5N3MX0DK GLOBAL MARKETS Asian stocks were heavy on Wednesday as investors fretted over what countries could be targeted for tariffs under incoming U.S. President Donald Trump, a day after he pledged new levies on Canada, Mexico and China.nL2N3MY02YMKTS/GLOB WORLD OIL PRICES Oil prices steadied in early trade on Wednesday, with markets assessing the potential impact of a ceasefire deal between Israel and Hezbollah, and ahead of Sunday's OPEC+ meeting.nL3N3MX1XEO/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 slipped on Tuesday as U.S. President-elect Donald Trump's tariff threat on its neighbours and China weighed on emerging markets.nL2N3MX0LT NIGERIA CENTRAL BANK RATE Nigeria's central bank raised its key interest rate for the sixth time this year on Tuesday, citing renewed inflationary and exchange rate pressures in Africa's most populous nation.nL5N3MX131 NIGERIA PETROLEUM Nigeria's Port Harcourt refinery has resumed production, officials said on Tuesday, marking the first of state-owned oil firm NNPC Ltd's four plants to return from upgrade work announced in 2020.nL5N3MX0TT KENYA MARKETS The Kenyan shilling KES= was unchanged against the dollar on Tuesday, as dollar inflows from remittances matched rising importer demand, one trader said.nL5N3MX08P MALI BARRICK GOLD Four employees of Canada's Barrick Gold ABX.TO have been charged and detained pending trial in Mali, the company said on Tuesday, as the military-led government strives to raise more money from mining companies.nL5N3MX1NQ ANGOLA IMF Angola is not in talks with the International Monetary Fund on a new financial assistance programme, its finance ministry said on Tuesday, prompting a slide in its foreign sovereign bonds.nL5N3MX1NK For the latest precious metals report click on GOL/ For the latest crude oil report click on O/L |
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