African Markets - Factors to watch on Oct 15
NAIROBI, Oct 15 (Reuters) -The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.
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EVENTS: *Nigeria's statistics office is due to release consumer inflation data for September. GLOBAL MARKETS Asian stocks were mostly higher on Tuesday, supported by a strong Wall Street close and investor optimism about corporate earnings, while the dollar held near a two-month top, aided by bets on a smaller U.S. rate cut next month.nL4N3LQ1HOMKTS/GLOB WORLD OIL PRICES Oil prices slid 3% in early Asian trade on Tuesday after a media report said Israel is willing not to strike Iranian oil targets, which eased fears of a supply disruption, and after OPEC lowered its outlook for global oil demand growth in 2024 and 2025.nL1N3LR010O/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 fell on Monday, and with little major domestic data this week the local currency will likely be driven by global events, analysts said.nL1N3LQ0OP NIGERIA PETROLEUM Nigerian independent producer Belemaoil Producing has resumed operations at its oil block Oil Mining Lease 55 after a three-year shutdown as a result of damage to the facility caused by theft, it said on Monday.nL1N3LQ0IT WORLD BANK AFRICA ECONOMY The World Bank said on Monday it had lowered its economic growth forecast for sub-Saharan Africa this year to 3% from 3.4%, mainly due to the destruction of Sudan's economy in a civil war.nL1N3LQ0HC KENYA MARKETS The Kenyan shilling KES= was stable against the dollar on Monday, data from the London Stock Exchange Group showed.nL8N3LQ06G KENYA BANKING Kenya's central bank said on Monday that it had authorised JPMorgan Chase JPM.N to establish a representative office in the East African country.nL8N3LQ10B UGANDA RAILWAY Uganda's government and Turkish construction firm Yapi Merkezi signed a contract to build a 272 kilometre (169 miles) section of railway, in a bid to boost regional trade, a Ugandan official said on Monday.nL1N3LQ06U IVORY COAST COCOA Cocoa arrivals at ports in top grower Ivory Coast reached 100,000 metric tons by Oct. 13 since the start of the season on Oct. 1, down 12.3% compared with the same period last season, exporters estimated on Monday.nL8N3LQ0KW DEMOCRATIC REPUBLIC OF CONGO MINING Democratic Republic of Congo's state miner Gecamines said on Monday it will ship for the first time germanium concentrates to Europe from its Big Hill tailings dump.nL1N3LQ0VJ For the latest precious metals report click on GOL/ For the latest crude oil report click on O/L |
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