African Markets - Factors to watch on Nov 15
NAIROBI, Nov 15 (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: *Nigeria's statistics office is expected to release consumer inflation data for October. GLOBAL MARKETS The U.S. dollar was poised for big weekly gains on Friday, towering near one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields higher, leaving Wall Street and European futures in the red.nL1N3MM01OMKTS/GLOB WORLD OIL PRICES Oil prices edged down early on Friday as oversupply concerns and demand worries stemming from a stronger dollar outweighed a steep draw in U.S. fuel stocks.nL1N3MM01IO/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 slightly on Thursday after four days of losses as the dollar benefited from Donald Trump's U.S. election win.nL1N3ML0EN AFRICA CURRENCIES The Kenyan and Ugandan currencies are expected to be steady against the dollar in the next week to Thursday, while Ghana's could strengthen and Zambia's may lose ground, traders said.nL8N3ML0UA NIGERIA DEBT Nigeria plans to raise a total of $2.2 billion from offshore debt markets this year to support ongoing macro-economic reforms, after it sold dollar bonds on its local market two months ago, its finance minister said on Thursday.nL1N3ML0S5 NIGERIA PETROLEUM Nigeria's state oil firm NNPC said on Thursday it had increased oil production to 1.8 million barrels per day (bpd), with the possibility of getting to two million bpd by year-end.[nL1N3ML0KL KENYA MARKETS The Kenyan shilling KES= weakened on Thursday due to increased demand for dollars across various sectors in the economy, one trader said.nL8N3ML0NT CAMEROON TELECOMS Cameroon Telecommunications (Camtel) plans to launch mobile financial services sometime next year once it has completed a feasibility study this year, an executive said on Thursday as the state-owned operator looks to challenge Orange and MTN.nL8N3ML1YY MALI MINING Resolute Mining RSG.AX CEO Terence Holohan and two other employees of the Australian company were still being detained in Mali on Thursday, two diplomatic sources there told Reuters.nL8N3ML10P SENEGAL ELECTION Senegal will vote in legislative elections on Sunday that will determine whether the new president and government can gain control over the national assembly and push through their agenda for reforms.nL8N3MK1UO For the latest precious metals report click on GOL/ For the latest crude oil report click on O/L |
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