African Markets - Factors to watch on Nov 25
NAIROBI, Nov 25 (Reuters) -The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.
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GLOBAL MARKETS Asian stocks rallied with U.S. equity futures on Monday, while the dollar retreated against rivals as bond yields slid following the selection of fund manager Scott Bessent as the next U.S. Treasury secretary, with investors expecting he will be a voice for markets in Washington.nL2N3MW00QMKTS/GLOB WORLD OIL PRICES Oil prices hovered near two-week highs on Monday following 6% gains last week, as geopolitical tensions heightened between western powers and major oil producers Russia and Iran, raising risks of supply disruption.nL2N3MW00KO/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 was little changed on Friday as stronger precious metal prices and the central bank's cautious approach to cutting interest rates offset a stronger dollar.nL1N3MT0EM NIGERIA PETROLEUM The Nigerian government's plan to sell crude priced in the local currency is faltering, with refiners, including the giant Dangote Oil Refinery, saying they are still unable to secure adequate supplies.nL8N3MS17N KENYA MARKETS The Kenyan shilling KES= was stable on Friday, and traders said that central bank selling dollars earlier this week to match importer demand helped it.nL8N3MT080 MAURITIUS POLITICS The prime minister of Mauritius, Navin Ramgoolam, who was sworn in this month after a landslide election victory, said on Friday he will keep the post of finance minister for himself to help keep the economy under close watch.nL1N3MT0LC ZIMBABWE DEBT Zimbabwe's president will host a conference of creditors and finance executives on Monday to discuss ambitious goals to clear debt arrears and restructure $12.7 billion in external debt, aiming to eventually tap international capital markets for the first time in more than two decades.nL8N3MT12B CONGO PETROLEUM Italian energy group Eni ENI.MI said on Saturday it had launched the hull of the Nguya Floating Liquefied Natural Gas (FLNG) facility in Wison Heavy Industry's shipyard in Nantong, China, to be deployed offshore of the Republic of Congo.nL2N3MU00R DEMOCRATIC REPUBLIC OF CONGO MINING The Democratic Republic of Congo's state miner Gecamines is offering $1 million to buy cobalt and copper assets of indebted mining firm Chemaf to prevent China from increasing its control of critical metals in the country, two sources familiar with the details told Reuters.nL6N3M70OC For the latest precious metals report click on GOL/ For the latest crude oil report click on O/L |
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