Trump/Putin summit, UnitedHealth and Japan’s GDP - what’s moving markets
NAIROBI, Oct 5 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Monday.
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GLOBAL MARKETS
Stock markets rose on Monday on hopes that President Donald
Trump could be discharged from hospital later in the day, easing
some of the political uncertainty that shook global bourses in
the previous session. MKTS/GLOB
WORLD OIL PRICES
Oil prices rose about 2% on Monday, lifted by comments from
doctors for U.S. President Donald Trump suggesting he could be
discharged from hospital as soon as Monday, just a few days
after his positive test for COVID-19 sparked widespread alarm.
O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand recovered in afternoon trade on Friday,
after falling early in the session as investors dumped riskier
assets following U.S. President Donald Trump's positive COVID-19
test. KENYA MARKETS
Kenya's shilling KES= was little changed on Friday, and
traders said it could weaken due to dollar demand from the
energy sector and general goods importers. NIGERIA CRUDE
The Nigerian unit of oil major Chevron CVX.N plans to cut its
local workforce by 25% to reduce costs, it said on Saturday, due
to weak demand for oil in the wake of the coronavirus pandemic.
SUDAN POLITICS
Sudan's power-sharing government and several rebel groups on
Saturday formalised a peace agreement aimed at resolving decades
of conflict which left millions displaced and hundreds of
thousands dead. MALAWI DEBT
The International Monetary Fund (IMF) has extended an emergency
loan of $101.96 million for Malawi to plug its fiscal deficit, a
second installment of credit offered to tide over the financial
hit from the coronavirus.
TANZANIA POLITICS
Tanzanian authorities on Friday suspended the election campaign
of leading opposition candidate Tundu Lissu for seven days over
accusations of inciting violence in the run-up to a national
vote set for Oct. 28. ZIMBABWE 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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