African Markets - Factors to watch on Nov 29
NAIROBI, Nov 29 (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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EVENTS: *Kenya and Uganda's statistics offices are due to release their respective consumer inflation data for November. GLOBAL MARKETS Asian shares slipped on Friday while the yen was aiming for its best week in four months as strong local inflation data had traders favouring an imminent rate hike from the Bank of Japan.nL3N3MZ0Z7MKTS/GLOB WORLD OIL PRICES Oil prices were mixed on Friday following a potential renewal of supply risk as Israel and Hezbollah traded accusations of ceasefire violations, and as a delay to an OPEC+ meeting left investors awaiting a decision on its output policy.nL3N3MZ10JO/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 The South African rand strengthened on Thursday, after the release of October producer inflation data and the central bank's November Financial Stability Review.nL2N3MZ0J8 AFRICA CURRENCIES Kenya's currency is expected to weaken against the dollar in the next week to Thursday, while Ghana's and Uganda's could strengthen, and Nigeria's and Zambia's may be broadly stable, traders said.nL5N3MZ0F2 KENYA MARKETS The Kenyan shilling KES= weakened slightly on Thursday, with traders attributing the depreciation to rising demand for the dollar from manufacturers and oil retailing companies.nL5N3MZ09R NAMIBIA STARLINK The Communications Regulatory Authority of Namibia said on Thursday it has issued a cease-and-desist order to Elon Musk's satellite internet provider Starlink for operating in the country without a license.nL2N3MZ0K9 SOMALIA POLITICS The government of Somalia's semi-autonomous Jubbaland state said on Thursday it was suspending relations and cooperation with the federal government in Mogadishu following a dispute over local elections in the region.nL2N3MZ0DO MADAGASCAR MINING Madagascar's Ambatovy nickel project companies expect to complete its debt restructuring in early December, the project's major shareholder Sumitomo Corp 8053.T said on Thursday, adding that it was still considering all options for Ambatovy.nL2N3MZ0B0 ZIMBABWE ECONOMY Zimbabwe's economic growth is expected to rebound to 6% in 2025 from 2% this year, helped by improved agricultural output and power generation, Finance Minister Mthuli Ncube said on Thursday.nS8N3M801F For the latest precious metals report click on GOL/ For the latest crude oil report click on O/L |
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