CTAs keep buying Treasuries, gold longs face stop-loss risk: BofA
NAIROBI, Nov 6 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Wednesday.
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GLOBAL MARKETS
Asian shares pulled back slightly on Wednesday as investors
awaited new developments toward scaling back a bruising
trade war between the United States and China.
MKTS/GLOB
WORLD OIL PRICES
Oil prices fell on Wednesday, pulled down by a
larger-than-expected build-up in U.S. crude stocks, after
gaining for three straight sessions on expectations of an
easing of in U.S.-China trade tensions. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand was little changed on Tuesday, as a
rally sparked by Moody's decision to keep the country's
credit rating at investment grade faded. KENYA MARKETS
The Kenyan shilling KES= held steady on Tuesday as
offshore investors into the local stock market helped to
boost the supply of dollars in the market. KENYA LENDING
Kenya's President Uhuru Kenyatta's bid to remove a cap on
commercial lending rates was passed in parliament on
Tuesday, potentially boosting the flow of credit to the
country's economy.
SENEGAL OIL
Senegal on Tuesday announced a new oil and gas licensing
round for three offshore blocks as the country prepares to
tap rich reserves in a bid to boost revenues. KENYA ECONOMY
Kenya's private sector activity grew at a slower pace in
October after accelerating for five straight months, partly
hurt by cash flow constraints among firms, a survey showed
on Tuesday. For the latest precious metals report click on GOL/
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