Intel stock spikes after report of possible US government stake
NAIROBI, Oct 2 (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
U.S. stock futures dipped on Friday after President Donald Trump
said he and his wife will quarantine after a close aide tested
positive for the coronavirus. MKTS/GLOB
WORLD OIL PRICES
Oil prices fell nearly 1% on Friday, extending losses into a
second day as rising production of crude comes amid a worsening
COVID-19 pandemic which threatens to bring more restrictions on
movement and consumption that will likely hit demand for
fuel. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand extended its winning streak to a fourth
session on Thursday as emerging and risk assets continued to
benefit from political and economic uncertainty in the United
States and prospects of a smooth rebound in global
growth. MARKETS
Kenya's shilling KES= was stable on Thursday and traders said
it was expected to weaken due to importer dollar demand, traders
said. COAST COCOA
Ivory Coast has raised the fixed farmgate price paid to cocoa
farmers more than 21% to 1,000 CFA Francs ($1.80) per kg for the
main crop of the 2020/2021 season starting Thursday, President
Alassane Ouattara said. CENTRAL BANK
Zambia's parliament on Thursday ratified the appointment of new
central bank governor Christopher Mvunga despite criticism from
some opposition members of the house that he was not qualified
for the post. ELECTRICITY
Zimbabwe's energy regulator has allowed the state power company
to increase tariffs by 50% from Thursday while another hike by
the same margin would come into effect next month. NATURAL GAS
French oil and gas major Total TOTF.PA said on Thursday it was
moving ahead with its $20 billion natural gas (LNG) project in
Mozambique, despite growing concerns about a wave of militant
attacks by rebels with links to Islamic State. the latest precious metals report click on GOL/
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