JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
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
Asian shares blipped higher on Monday after Beijing
surprised markets by trimming a key interest rate for the
first time since 2015, stirring speculation that more
stimulus was on the way for the world's second-largest
economy. MKTS/GLOB
WORLD OIL PRICES
Oil prices were little changed on Monday following steady
gains in the previous week with investors awaiting fresh
clues over prospects for a trade deal between the United
States and China, shrugging off concerns over steadily
rising oil supplies. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand powered to its firmest all week against
the dollar on Friday as risk appetite globally was lifted
after a U.S. official said a trade deal with China was
getting close. OIL
Sustained economic sabotage by vandals on Nigeria's
oil-exporting Nembe Creek Trunk Line (NCTL) has led to
significant losses in production, operator Aiteo said on
Sunday. MARKETS
The Kenyan shilling KES= was stable on Friday with dollar
inflows from offshore investors buying stocks and government
debt meeting thin dollar demand from merchandise importers,
traders said. MARKETS
The Ugandan shilling UGX= was a touch stronger on Friday,
helped by muted demand for hard currency from both
merchandise importers and players in the interbank
market. AIRLINE
Ethiopian Airlines has not decided yet whether to take more
deliveries of the 737 MAX, the jet grounded worldwide in the
wake of crashes in Ethiopia and Indonesia, the airline's CEO
said on Sunday, as Boeing BA.N completes revisions to the
aircraft's design. RIGHTS
When Ethiopian Prime Minister Abiy Ahmed appointed a former
political prisoner in July as head of the state-funded human
rights commission, supporters hailed it as a sign the
country might finally tackle abuses by security forces and
move to break a cycle of bloody ethnic feuds. INFLATION
Zimbabwe's month-on-month inflation rate soared to a
four-month high of 38.75% in October from 17.7% the previous
month, propelled by a surge in the prices of food and
alcholic beverages, statistical agency Zimstats said on
Friday. SECURITY
Suspected Islamist militants killed at least 15 people
overnight in eastern Congo, local officials said on
Saturday, in the latest massacre since the army launched a
major offensive against the rebels last month. the latest precious metals report click on GOL/
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