Trump meets Zelenskiy, says Putin wants war to end, mulls trilateral talks
NAIROBI, Nov 5 (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 approached their July peak on Tuesday on signs
the United States and China are inching closer to a truce in
their trade war and on optimism the U.S. economy is poised
for solid, consumer-driven growth. MKTS/GLOB WORLD OIL PRICES
Oil prices steadied on Tuesday as investors kept an eye on
U.S. inventory data due later, following two days of gains
on positive economic data and hopes for a Washington-Beijing
trade deal. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
The South African rand and government bonds jumped on Monday
after ratings agency Moody's kept the country's last
investment-grade credit rating intact, but many investors
expected the rally could fade soon. 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. NIGERIA OIL
Nigeria's President Muhammadu Buhari signed a bill into law
on Monday that amends legislation on agreements related to
offshore oil production, according to the president's
Twitter account. ZIMBABWE PROTESTS
Zimbabwe police have given public sector workers permission
to march for better pay on Wednesday in what is widely seen
as a test of President Emmerson Mnangagwa's willingness to
tolerate dissent. ZIMBABWE CORRUPTION
The Zimbabwe Anti-Corruption Commission (ZACC) on Monday
detained and charged a cabinet minister and long-time ally
of President Emmerson Mnangagwa for abuse of office alleged
to have cost the government $3.7 million, the second
high-profile graft case this year. IVORY COAST COCOA
Heavy rainfall last week in most of Ivory Coast's
cocoa-growing regions was accompanied by some of the
sunniest days in months, improving bean quality, farmers
said on Monday.
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