African Markets - Factors to watch on Nov 28
NAIROBI, Nov 28 (Reuters) -The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.
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EVENTS: *ZIMBABWE - The finance minister is due to unveil the government's 2025 budget. GLOBAL MARKETS Asian shares were subdued on Thursday and the dollar was on the defensive after U.S. data showed progress in slowing inflation had stalled even as the economy remained resilient, raising doubt over the path the Federal Reserve could take next year.nL3N3MZ03TMKTS/GLOB WORLD OIL PRICES Oil prices edged lower in Asian trading on Thursday, after a surprise jump in U.S. gasoline stocks ahead of the nation's Thanksgiving holiday sparked worry over demand in the top consumer of the motor fuel.nL2N3MZ01CO/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 was steady against the dollar on Wednesday, as the greenback eased after the release of a key U.S. inflation report.nL2N3MY0NU KENYA MARKETS The Kenyan shilling KES= was unchanged on Wednesday, with some dollar sales by the central bank helping to match importer demand, one trader said.nL5N3MY084 ETHIOPIA ECONOMY International Monetary Fund staff and Ethiopia's government have reached agreement on the second review of the country's $3.4 billion financing programme, the IMF said on Wednesday.nL5N3MY13C STANDARD CHARTERED AFRICA Standard Chartered STAN.L is exploring a potential divestment of its wealth and retail banking operations in Botswana, Uganda and Zambia, it said on Wednesday, as the banking giant looks to free up capital in the midst of a broad shake-up.nL3N3MY0M9 TANZANIA ADANI Tanzania plans to honour its contracts with an Adani Group unit despite a U.S. indictment of its billionaire chairman Gautam Adani on accusations of bribery and fraud, a senior official at the ports authority said.nL5N3MY0A9 BOTSWANA DIAMONDS Major African diamond producer Botswana will join Antwerp as an origin certifier of rough diamonds for export to the G7 which banned imports of Russian stones from the start of this year, a joint statement said on Wednesday.nL5N3MY0XB MOZAMBIQUE CENTRAL BANK RATE Mozambique's central bank cut its main interest rate by 75 basis points on Wednesday, the sixth cut in a row, as inflation remains subdued in the southern African country.nL5N3MY170 For the latest precious metals report click on GOL/ For the latest crude oil report click on O/L |
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