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African Markets - Factors to watch on Oct. 19

Published 19/10/2020, 05:32
Updated 19/10/2020, 05:36
© Reuters.

NAIROBI, Oct 19 (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 markets advanced toward a recent 2-1/2-year peak on Monday
powered by hopes of a U.S fiscal package and expectations of a
coronavirus vaccine by the end of this year, though
weaker-than-expected Chinese data capped gains.
MKTS/GLOB

WORLD OIL PRICES
Oil prices fell on Monday after reports that China's
third-quarter economic growth did not rise as much as expected,
underscoring concerns that surging coronavirus cases globally
are impacting demand in the world's largest oil importer.
O/R

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 on Friday, ending the week close to
where it began, as some disappointment over the president's
economic recovery plan was offset by weakness in developed
market currencies amid a surge in coronavirus infections.
MARKETS
The Kenyan shilling KES= weakened slightly on Friday as demand
from merchandising importers exceeded dollar inflows from
horticulture exports and remittances from abroad, traders said.
AFRICA CORONAVIRUS
South African coronavirus cases reported since the first
infection in early March surpassed 700,000 on Friday, the health
ministry said, amid fears of an impending second wave as the
nation battles an economic recession. AFRICA FARM MURDER
White South African farmers and Black protesters hurled abuse
and threats at each other on Friday during a court hearing in
a murder case that has exposed still simmering racial tensions
26 years after the end of apartheid. AFRICA CORONAVIRUS
South Africa's health minister, Zweli Mkhize, and his wife have
tested positive for COVID-19, his office said late on Sunday.
ELECTION
Polls closed and counting began in Guinea on Sunday evening
following a largely peaceful day in which voters decided whether
to give 82-year-old President Alpha Conde a third mandate, made
possible by a constitutional change in March. PROTESTS
The International Committee of the Red Cross (ICRC) will help
train Nigeria's new tactical force as thousands nationwide
continued to march against police brutality and in demand of
further reforms, Nigeria's police inspector general said in a
statement on Sunday. 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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