Trump/Putin summit, UnitedHealth and Japan’s GDP - what’s moving markets
NAIROBI, Oct 16 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Friday.
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GLOBAL MARKETS
Asian stocks edged higher on Friday, buoyed by gains in China,
but the mood was cautious due to a resurgence of coronavirus
infections in Europe and the United
States. MKTS/GLOB
WORLD OIL PRICES
Oil prices fell on Friday on concerns that major producers will
move ahead with plans to ease their supply cuts even as a spike
in COVID-19 cases in Europe and the United States is curtailing
demand in two of the world's biggest fuel consuming
regions. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
The South African rand weakened on Thursday, as market
participants digested an economic recovery plan focusing on
infrastructure investment and job creation unveiled by President
Cyril Ramaphosa. MARKETS
The Kenyan shilling KES= inched down on Thursday as demand
from energy and merchandise importers exceeded supply from
tourism, remittances and exporters in the horticulture, tea and
coffee sectors, traders said. ECONOMY
Kenya's economy shrank by 5.7% in the second three months of
2020, its first quarterly contraction since the global financial
crisis 12 years ago, as the COVID-19 pandemic shut businesses
and kept people at home. PROTESTS
Hundreds of protesters marched to the gates of Nigeria's
parliament on Thursday, hours after the army said it was ready
to step in and restore order after more than a week of
demonstrations against police brutality. INFLATION
Annual inflation in Nigeria rose in September for the 13th month
in a row, hitting a more-than two-year high, as disruption to
supply chains and services by the coronavirus pandemic continued
to have an impact. COAST ELECTION
The two main challengers to Ivory Coast President Alassane
Ouattara said on Thursday they will boycott the Oct. 31
presidential election, calling on their supporters to prevent
the vote from going forward. FASO MINING
Endeavour Mining EDV.TO , the biggest gold mining company in
Burkina Faso, has restarted the Boungou mine in the east of the
country which was shut last November after 39 people were killed
in an attack on a convoy carrying employees. CORRUPTION
Angolan prosecutors have taken control of assets ranging from
factories to residences belonging to two close allies of former
President Jose Eduardo dos Santos, state news agency ANGOP said,
in the latest move in a crackdown on alleged
corruption. For the latest precious metals report click on GOL/
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