African Markets - Factors to watch on Nov 6
Nov 6 (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: Ghana's statistics agency is expected to release its October consumer inflation data. GLOBAL MARKETS U.S. stock futures and the dollar surged in Asia on Wednesday as investors wagered Republican Donald Trump could win the U.S. presidential election, though officially the race remained too close to call. MKTS/GLOB WORLD OIL PRICES Oil prices fell on Wednesday as early poll results in the U.S. election showed Democrat Kamala Harris and Republican Donald Trump locked in a tight race for the presidency. 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 edged higher on Tuesday after the release of a local purchasing managers' index and as the United States headed to the polls to elect its next leader. KENYA MARKETS The Kenyan shilling was stable against the dollar on Tuesday, boosted by a surplus of dollars left over from month-end payments, one trader said. ETHIOPIA IMF The International Monetary Fund has raised Ethiopia's net international reserves target to facilitate payments of upcoming hard currency bills, the Fund said. NIGERIA ELECTRICITY Nigeria's national grid suffered a partial collapse on Tuesday, the state power transmitter said, marking the ninth incident this year to have caused power outages across the country. GHANA COCOA Cocoa purchases in the world's number two producer Ghana have been smooth and orderly in the current 2024/25 crop season under a major new funding model that has replaced a three decades-old system, the head of sector regulator Cocobod said on Monday. ETHIOPIA DEBT Ethiopia plans to issue 10-year local Treasury bonds worth 900 billion birr ($7.50 billion), whose proceeds will be used to pay off debts state-owned firms owe the Commercial Bank of Ethiopia, also state-owned, according to a document approved by parliament on Tuesday. SENEGAL ENERGY Senegal's national oil company Petrosen expects a final investment decision (FID) on the Yakaar-Teranga gas project in 2025, its director general said on Tuesday. For the latest precious metals report click on GOL/ For the latest crude oil report click on O/L |
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