African Markets - Factors to watch on Sept 17
NAIROBI, Sept 17 (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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GLOBAL MARKETS Asian stocks wobbled on Tuesday while the dollar and U.S. Treasury yields came under pressure, with just a day to go before the expected start of the Federal Reserve's easing cycle that could see policymakers deliver an outsized rate cut.nL1N3KZ00OMKTS/GLOB WORLD OIL PRICES Oil prices extended gains on Tuesday as the market eyed U.S. output concerns in the aftermath of Hurricane Francine and expectations of lower U.S. crude stockpiles.nL4N3KZ01VO/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 gained on Monday against a weaker dollar, as markets geared up for a week packed with interest rate announcements and a local inflation print.nL1N3KY0IS NIGERIA INFLATION Nigeria's inflation rate fell for a second consecutive month in August, down to 32.15% year-on-year from 33.40% in July NGCPIY=ECI, statistics agency data showed on Monday.nL8N3KY0NR NIGERIA PETROLEUM Nigerian state oil firm NNPC Ltd on Monday increased the price of petrol by 11%, the second increase in two weeks and a day after it started purchasing the fuel from the giant Dangote oil refinery on the outskirts of Lagos.nL4N3KY07W KENYA MARKETS Kenya's shilling KES= was steady on Monday, and was expected to gain ground, bolstered by dollar inflows from tea exporters, traders said.nL8N3KY08Z KENYA DEBT Kenya's auditor general has started to examine the country's debt to ascertain the amounts owed to various creditors, Finance Minister John Mbadi told Reuters on Monday.nL8N3KY07A IVORY COAST COCOA Cocoa arrivals at ports in top grower Ivory Coast had reached 1.733 million metric tons by Sept. 15 since the start of the season on Oct. 1, down 25.3% from the same period last season, exporters estimated on Monday.nL8N3KY16V GHANA COCOA Ghana has lost more than a third of its 2023/24 cocoa output to smuggling, a top official from the cocoa marketing board (Cocobod) told Reuters, as low local prices and payment delays push some farmers to sell to increasingly sophisticated trafficking rings.nL8N3KX05J ANGOLA OIL Angola will load a total of 33 crude oil cargoes in November, a trade source citing a preliminary loading programme told Reuters.nS8N3GZ06G For the latest precious metals report click on GOL/ For the latest crude oil report click on O/L |
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