CTAs keep buying Treasuries, gold longs face stop-loss risk: BofA
NAIROBI, Dec 2 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Monday.
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GLOBAL MARKETS
Global shares rose on Monday and oil rebounded after upbeat
China manufacturing surveys and as investors clung to hopes
Beijing and Washington could reach a compromise in trade
talks. MKTS/GLOB
WORLD OIL PRICES
Oil prices rose more than 1% on Monday as signs of rising
manufacturing activity in China pointed to increasing fuel
demand and hints that OPEC may deepen output cuts at its
meeting this week indicated supply may tighten next year.
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand firmed against the dollar on Friday, but
the currency was stuck in a range as investors sought
clarity on whether a new U.S. law backing Hong Kong
protesters could derail trade negotiations between
Washington and Beijing. NIGERIA OIL
Nigeria is committed to full implementation of agreements
among OPEC and non-OPEC members, its minister of state for
petroleum said on Sunday, ahead of an OPEC meeting in
Vienna. NIGERIA MARKETS
Nigeria's central bank injected $323.5 million and 17.9
million Chinese yuan ($2.5 million) into the currency market
on Friday in an effort to keep it stable and prevent
shortages. MONETARY POLICY
Nigeria's central bank expects to maintain its stable
exchange rate policy in the medium term and keep monetary
policy tight in 2020 to combat inflation and support the
naira amidst slow growth in Africa's largest economy, its
governor said.
KENYA MARKETS
The Kenyan shilling KES= was under pressure on Friday from
end month dollar demand from merchandise importers and the
energy sector, traders said. KENYA INFLATION
Kenya's annual inflation KECPI=ECI jumped in November as
the price of food and alcoholic drinks rose, the statistics
office said on Friday.
KENYA AIRWAYS
The government must move quickly to nationalise Kenya
Airways as regional competitors seeking to carve out market
share pour cash into their national carriers, the airline's
chief executive said.
IVORY COAST POLITICS
Ivory Coast President Alassane Ouattara said on Saturday he
would run for a third term if his predecessors decided to
compete in the 2020 election, a vote seen as a major test of
stability for the country after two civil wars this century.
NAMIBIA POLITICS
Namibia's incumbent President Hage Geingob has won the 2019
presidential election with 56.3% of the vote, the Electoral
Commission of Namibia (ECN) said on Saturday, surviving the
country's biggest corruption scandal, an economic recession
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