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African Markets - Factors to watch on Sept 13

Published 13/09/2019, 06:03
© Reuters.  African Markets - Factors to watch on Sept 13

NAIROBI, Sept 13 (Reuters) - The following company

announcements, scheduled economic indicators, debt and currency

market moves and political events may affect African markets on

Friday.

- - - - -

GLOBAL MARKETS

Asian stocks advanced on Friday as hints of progress in

U.S.-China trade talks and aggressive stimulus from the

European Central Bank helped counter worries about a global

economic slowdown. MKTS/GLOB

WORLD OIL PRICES

Oil futures fell on Friday as concerns about global growth

and slowing demand lingered despite hints of progress on

U.S.-China trade talks, setting up prices for weekly losses

after days of swinging back and forth. 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 rallied in afternoon trade on Thursday as

the European Central Bank's new stimulus measures and mutual

concessions by the United States and China in their trade

dispute buoyed risk appetite, while stocks also

gained. MARKETS

The Kenyan shilling KES= was stable against the dollar on

Thursday with inflows from diaspora remittances supporting

demand from merchandise importers, traders said. POLICY

Kenya has banned foreigners from adopting local children and

will work toward a new policy governing the process, the

presidency said on Thursday.

NIGERIA OIL

OPEC agreed on Thursday to trim oil output by asking

over-producing members Iraq and Nigeria to bring production

in line with their targets as the group strives to prevent a

glut amid soaring U.S. production and a slowing global

economy. POLITICS

Sudan's new Prime Minister Abdalla Hamdok flew to South Sudan

on Thursday on a two-day visit to cement a new plan for peace

talks with many of the rebel groups fighting against the

government, brokered the previous day by Sudan's southern

neighbour. 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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