👀 Copy Legendary Investors' Portfolios in One ClickCopy For Free

African Markets - Factors to watch on Oct. 30

Published 30/10/2020, 05:16
© Reuters.
USD/ZAR
-
USD/KES
-
HG
-
CL
-

NAIROBI, Oct 30 - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday.

GLOBAL MARKETS

A gauge of Asian shares fell for a third straight session on Friday as jitters over upcoming U.S. presidential elections and fears that the global economic downturn will persist enveloped markets, though the index was still set to end the month higher.

WORLD OIL PRICES

Oil prices tumbled on Thursday, touching a five-month low and extending the previous day's sharp decline on the impact renewed coronavirus lockdowns could have on oil demand. 

SOUTH AFRICA MARKETS

South Africa's rand steadied on Thursday after losses linked to the shock of a mid-term budget speech that showed still-ballooning debt and a deeper recession.

AFRICA WAGES

South Africa's plan to freeze public sector wages, announced by the finance minister in a budget speech, will face opposition from labour unions, ratings firm Fitch said on Thursday.

AFRICA AIRLINES

South Africa's government said on Thursday it wanted its national airline flying again in the first half of next year, after giving it a 10.5 billion rand ($650 million) bailout in the mid-term budget.

MARKETS

Kenya's shilling0 (KES=) was firm against the dollar on Thursday, traders said. 

AFRICA COVID

COVID-19 cases are accelerating in some parts of Africa and governments should step up preparations for a second wave, the Africa Centres for Disease Control and Prevention said on Thursday.

COPPER

Canadian copper miner First Quantum Minerals (FM.TO) sees no negative impact on its operations from a potential default in Zambia, its chief financial officer said on Thursday.

ELECTIONS

The United States said on Thursday there were "serious doubts" about the credibility of Tanzania's presidential election while the leading opposition candidate urged countries not to recognise the results of a "travesty" of a poll.

GENOCIDE

A U.N. judge on Thursday ordered Rwandan genocide suspect Felicien Kabuga to undergo a medical examination to see whether he is fit to be sent to Arusha, Tanzania for trial.

MIGRATIONS

At least 140 Europe-bound migrants drowned off the coast of Senegal when their boat caught fire and capsized, marking the deadliest shipwreck recorded this year, the U.N. migration agency said on Thursday.

VIOLENCE

Clashes between two Ethiopian states that have long disputed their border have killed at least 27 people, a government statement said, as the country faces surging ethnic violence.

VIOLENCE

Assailants killed at least 18 people and burned down a church in a village in eastern Congo on Wednesday night, a civil rights group and local committee said, blaming fighters from an Islamist militia group operating in the area.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.