African Markets - Factors to watch on Nov 4

  • Reuters
  • Stock Market News
African Markets - Factors to watch on Nov 4
Credit: © Reuters.

NAIROBI, Nov 4 (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 shares surged to more than 14-week highs on Monday as growing optimism over U.S.-China trade talks and upbeat U.S. job data boosted global investors' appetite for riskier assets.

MKTS/GLOB WORLD OIL PRICES Oil prices eased on Monday as traders remained cautious ahead of fresh European and U.S. economic data, despite hopes for some resolution to the U.S.-China trade row that has hurt global economic growth and crimped energy demand.

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 against the dollar on Friday thanks to a weaker greenback, while stocks also rose on improved risk appetite, as markets awaited a Moody's rating review later in the day.

KENYA MARKETS The Kenyan shilling KES= was stable on Friday, and was forecast to gain due to inflows from offshore investors buying government bonds and subsiding dollar demand from merchandise importers, traders said. KENYA COMPANIES Kenya's Safaricom SCOM.NR plans to bid for one of two Ethiopian telecoms licenses next year in partnership with South Africa's Vodacom VODJ.J , it said after posting a jump in first-half profit on Friday. NIGERIA OIL Oil trader Vitol VITOLV.UL has quit a consortium that was set to buy a stake in two Nigerian oil fields from Brazil's Petrobras PETR4.SA , its former partner said on Friday.

BOTSWANA POLITICS President Mokgweetsi Masisi, sworn in for a five-year term on Friday, promised to drive a transformation of Botswana's economy, creating more jobs and countering excessive dependence on diamonds that threatens to knock it off course. GHANA CRUDE Aker Energy's planned development of an oilfield in Ghana faces delay due to a disagreement with authorities over regulations, Norwegian investment company Aker ASA AKER.OL said on Friday. the latest precious metals report click on GOL/

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