African Markets - Factors to watch on Oct 28
Oct 28 (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 The yen hit a three-month low on Monday as Japan's ruling party lost its parliamentary majority, while oil tumbled after Israel's weekend strike on Iran bypassed oil or nuclear targets. MKTS/GLOB WORLD OIL PRICES Oil prices tumbled more than $3 a barrel on Monday after Israel's retaliatory strike on Iran over the weekend bypassed Tehran's oil and nuclear facilities and did not disrupt energy supplies, easing geopolitical tensions in the Middle East. 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 South Africa's rand firmed on Friday while local investors geared up for the country's mid-term budget next week. KENYA MARKETS The Kenyan shilling was unmoved against the dollar on Friday, data from the London Stock Exchange Group showed. GHANA SECURITY Ghana's government on Saturday rejected Reuters reporting on Islamist militants in Burkina Faso that found they are discreetly using neighbouring Ghana's north as a logistical and medical base to sustain their insurgency. IMF NIGERIA Nigeria is considering a diaspora bond in the United States next year and is targeting remittance inflows of $1 billion a month, its central bank chief told Reuters on Thursday. KENYA ENERGY Kenya's high court on Friday suspended a $736 million deal between a state utility and India's Adani Energy Solutions to build and operate power infrastructure including transmission lines. For the latest precious metals report click on GOL/ For the latest crude oil report click on O/L |
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