NAIROBI, Oct 12 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.
GLOBAL MARKETS
Chinese stocks led Asian markets higher on Monday as investors bet on a steady recovery for the world's no. 2 economy, though caution about the fate of U.S. stimulus kept the dollar firm and a central bank policy tweak unwound some of the yuan's gains.
WORLD OIL PRICES
Oil prices dropped for a second straight session on Monday as U.S. producers began restoring output after Hurricane Delta weakened, while a strike that had affected production in Norway came to an end.
SOUTH AFRICA MARKETS
South Africa's rand firmed on Friday, as hopes for U.S. stimulus spending lifted sentiment globally, encouraging investors to buy riskier assets in emerging markets.
MARKETS
The Kenyan shilling traded stable on Friday, drawing some support from the central bank intervention in the previous session via hard currency sales to try to soak up excess demand.
ECONOMY
Nigeria will avoid issuing Eurobonds due to their expense, Vice President Yemi Osinbajo said, and will look at alternative ways to raise funds to support the economy in the face of a looming recession.
COAST POLITICS
Thousands of opposition supporters rallied in the Ivory Coast's commercial capital on Saturday to protest against President Alassane Ouattara's plan to seek a third term in the Oct. 31 presidential election.
SUDAN CURRENCY
South Sudan's cabinet agreed on Friday to change the country's currency in order to improve the economy, the government spokesman said, without giving further details.
DEBT
Countries and institutions must do more to help African states weather the global pandemic and its economic impact, the International Monetary Fund said on Friday, noting the region faced a projected financing gap of $345 billion through 2023.