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African Markets - Factors to watch on Oct 29

Published 29/10/2019, 05:44
© Reuters.  African Markets - Factors to watch on Oct 29
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NAIROBI, Oct 29 (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 shares rose to a three-month peak on Tuesday after

Wall Street hit all-time highs amid hopes of progress in

Sino-U.S. trade talks and for another dose of policy

stimulus from the Federal Reserve this week.

MKTS/GLOB

WORLD OIL PRICES

Oil prices slipped on Tuesday as investors awaited U.S.

crude inventory data for a pointer on oil demand trends,

while concerns about slower economic growth overshadowed

signs of a thawing in the trade war between Washington and

Beijing. O/R

EMERGING MARKETS

For the top emerging markets news, double click on

STOCKS

For the latest news on African stocks, click on .J

SOUTH AFRICA MARKETS

South Africa's rand firmed to a new six-week high on Monday

as investors looked beyond an uncertain local and global

backdrop and kept buying the high-yielding currency, while

stocks rose, led by chemicals firm Sasol.

KENYA MARKETS

The Kenyan shilling KES= was stable against the dollar on

Monday supported by inflows from horticulture exports and

offshore investors buying government debt, traders said.

KENYA POWER

KenGen KEGN.NR , Kenya's biggest electricity producer, will

delay by a month the publication of its financial results

for the year ended June, the company said over the weekend.

KENYA INVESTMENT

Kenyan food distribution start-up Twiga Foods has raised $30

million in debt and equity through a fundraising round led

by Goldman Sachs GS.N , it said on Monday.

SOMALIA OIL

Royal Dutch Shell RDSa.L and Exxon Mobil XOM.N have paid

$1.7 million to Somalia to lease offshore blocks for 30

years, the country's state news agency reported on Friday.

ZIMBABWE AVIATION

Zimbabwe's national airline has resumed flights to South

Africa, the company said on Monday, after a halt last week

when South Africa's state-run airports management firm

barred the airline from using the country's airports over

unpaid fees. the latest precious metals report click on GOL/

For the latest base metals report click on MET/L

For the latest crude oil report click on O/L

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