African Markets - Factors to watch on Oct 11
Oct 11 (Reuters) -The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday.
- - - - -
EVENTS: Nigeria court to rule on Binance executive's bail request A Kenyan court is due to rule on whether a a case challenging deputy president Rigathi Gachagua's impeachment should be referred to the Chief Justice for further direction. GLOBAL MARKETS Asian shares were headed for the first weekly loss in five as the stunning rally in Chinese shares took a breather, although all eyes are on the details of the much-anticipated fiscal stimulus from Beijing this weekend. MKTS/GLOB WORLD OIL PRICES Oil eased on Friday after a rally the previous day, but prices remained set for a second straight weekly gain as investors weighed the impact of hurricane damage on U.S. demand against any broad supply disruption if Israel attacks Iranian oil sites. O/R EMERGING MARKETS For the top emerging markets news, double click on nTOPEMRG AFRICA STOCKS For the latest news on African stocks, click on .J SOUTH AFRICA MARKETS The South African rand firmed against the dollar on Thursday after data showed a slight decline in U.S. inflation in September, keeping the Federal Reserve on track to cut interest rates again next month. AFRICA MARKETS The Nigerian and Ghanaian currencies are expected to fall in the next week to Thursday, while Uganda's and Zambia's could be relatively steady, traders said. MOZAMBIQUE ELECTION Votes were being counted by Mozambique's national election authorities on Thursday as civil society monitors were compiling a parallel tally to try to detect possible signs of fraud. SUDAN POLITICS Rights activists and local responders said scores of civilians had been killed at sites across Sudan in the past week as the army escalates air strikes nearly 18 months into its war with the paramilitary Rapid Support Forces. SOMALIA SECURITY The presidents of Egypt, Eritrea and Somalia agreed on Thursday to boost cooperation for the Somali army to confront "terrorism" and protect its land and sea borders, a joint statement said, leaving Ethiopia further isolated in the region. For the latest precious metals report click on GOL/ For the latest crude oil report click on O/L |
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
