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African Markets - Factors to watch on Nov 4

Published 04/11/2019, 05:19
Updated 04/11/2019, 05:28
© Reuters.  African Markets - Factors to watch on Nov 4

NAIROBI, Nov 4 (Reuters) - The following company announcements, scheduled economic

indicators, debt and currency market moves and political events may affect African markets on

Monday.

- - - - -

GLOBAL MARKETS

Asian shares surged to more than 14-week highs on Monday as

growing optimism over U.S.-China trade talks and upbeat U.S.

job data boosted global investors' appetite for riskier

assets. MKTS/GLOB

WORLD OIL PRICES

Oil prices eased on Monday as traders remained cautious

ahead of fresh European and U.S. economic data, despite

hopes for some resolution to the U.S.-China trade row that

has hurt global economic growth and crimped energy demand.

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 against the dollar on Friday

thanks to a weaker greenback, while stocks also rose on

improved risk appetite, as markets awaited a Moody's rating

review later in the day. KENYA MARKETS

The Kenyan shilling KES= was stable on Friday, and was

forecast to gain due to inflows from offshore investors

buying government bonds and subsiding dollar demand from

merchandise importers, traders said. KENYA COMPANIES

Kenya's Safaricom SCOM.NR plans to bid for one of two

Ethiopian telecoms licenses next year in partnership with

South Africa's Vodacom VODJ.J , it said after posting a

jump in first-half profit on Friday. NIGERIA OIL

Oil trader Vitol VITOLV.UL has quit a consortium that was

set to buy a stake in two Nigerian oil fields from Brazil's

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Petrobras PETR4.SA , its former partner said on Friday.

BOTSWANA POLITICS

President Mokgweetsi Masisi, sworn in for a five-year term

on Friday, promised to drive a transformation of Botswana's

economy, creating more jobs and countering excessive

dependence on diamonds that threatens to knock it off

course.

GHANA CRUDE

Aker Energy's planned development of an oilfield in Ghana

faces delay due to a disagreement with authorities over

regulations, Norwegian investment company Aker ASA AKER.OL

said on Friday. For 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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