African Markets - Factors to watch on Sept 19
NAIROBI, Sept 19 (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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GLOBAL MARKETS The dollar bounced, long-dated bond yields were up and Asian stocks rose after the U.S. Federal Reserve announced a 50-basis-point rate cut and flagged that its easing cycle would be measured.nL1N3L1021MKTS/GLOB WORLD OIL PRICES Oil prices fell in Asian trading on Thursday after a larger-than-expected Federal Reserve interest rate cut sparked concerns about the U.S. economy.nL4N3L01QYO/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 firmed to a near 14-month high on Wednesday ahead of an expected U.S. Federal Reserve interest rate cut and after the local inflation rate fell more than expected.nL1N3L00MP KENYA MARKETS The Kenyan shilling KES= fell against the dollar on Wednesday, data from the London Stock Exchange Group showed.nL6N3L009M STANDARD BANK MAURITIUS Standard Bank SBKJ.J, Africa's largest bank by assets said on Wednesday it will allow small to mid-sized businesses operating on the continent to do their banking with the lender in Mauritius.nL8N3L01AJ BOTSWANA MINING Botswana has awarded Giyani Metals EMM.V a 15-year mining licence, the company announced on Wednesday, paving the way for it to become the country's first battery-grade manganese producer.nL8N3L017D GHANA ECONOMY Ghana's economy grew by 6.9% year-on-year in the second quarter of 2024, the fastest rate in five years, boosted by expansion in several key sectors, the country's statistics agency said on Wednesday.nL8N3L00OZ For the latest precious metals report click on GOL/ For the latest crude oil report click on O/L |
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