African Markets - Factors to watch on Oct 9
Oct 9 (Reuters) -The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday.
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EVENTS: Mozambicans talks about their hopes and fears as the country votes in presidential and parliamentary elections. Nigeria's Federal High Court in Abuja will rule on whether to release on bail Binance's head of financial compliance Tigran Gambaryan or keep him in prison custody while he undergoes trial on money laundering charges, which he denies. Kenya's central bank governor holds a news conference a day after announcing the bank's latest lending rate decision. GLOBAL MARKETS Mainland Chinese stocks returned from an extended break with a roaring start on Tuesday, scaling multi-year highs as investor exuberance over Beijing's aggressive stimulus measures showed no signs of easing. MKTS/GLOB WORLD OIL PRICES Oil prices steadied in Asian trading on Wednesday as traders weighed developments in the Middle East conflict against continued bearish expectations for demand. 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 weakened on Tuesday, and is likely to take direction from U.S. inflation data and minutes from the Federal Reserve's September meeting due this week. KENYA MARKETS Kenya's shilling was unchanged against the dollar on Tuesday, data from the London Stock Exchange Group showed. KENYA POLITICS Kenya's parliament voted on Tuesday to impeach Deputy President Rigathi Gachagua on charges including enriching himself and stirring ethnic hatred, the chamber's speaker said, paving the way for the senate to consider the motion. MOZAMBIQUE ELECTION Mozambique votes on Wednesday in a tense general election highly likely to deliver victory to the ruling party, Frelimo, which has governed the Southern African nation since 1975. For the latest precious metals report click on GOL/ For the latest crude oil report click on O/L |
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