African Markets - Factors to watch on Nov.28

  • Reuters
  • Stock Market News
African Markets - Factors to watch on Nov.28

NAIROBI, Nov 28 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday.

- - - - - EVENTS: *KENYA - The central bank governor holds a news conference to expound Tuesday's rate-setting decision. *NIGERIA - Nigeria's and Saudi Arabia oil ministers due to hold a news conference.

GLOBAL MARKETS Asian shares dithered on Wednesday and the dollar jumped to a near 1-1/2-year top as risk assets rowed back amid conflicting signals on prospects for de-escalating the Sino-U.S. trade dispute. MKTS/GLOB

WORLD OIL PRICES Oil prices rose on Wednesday ahead of an OPEC meeting next week at which the producer club is expected to decide some form of supply cut to counter an emerging glut. 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 weakened on Tuesday, surrendering earlier gains as risk aversion over trade tensions between China and the United States seeped back into currency markets. O/R

KENYA MARKETS The Kenyan shilling KES= weakened against the dollar on Tuesday due to increased demand from oil and merchandise importers buying dollars to meet end month obligations ahead of the holiday season, traders said. CENTRAL BANK RATE Kenya's central bank held its benchmark lending rate KECBIR=ECI at 9.0 percent on Tuesday, saying inflation remained within a band favoured by the government. CHINA AID Tanzanian President John Magufuli, who has faced threats in recent weeks from Western donors to cut off aid in response to human rights concerns, said on Tuesday he prefers assistance from China, as Beijing imposes fewer conditions. POLITICS Ethiopia's prime minister met members of 81 opposition parties on Tuesday to discuss ways of reforming the electoral system, his office said, as he pressed on with promises to open up a political arena dominated by his coalition. LEONE MINING Sierra Leone President Julius Maada Bio has called for an immediate end to a strike at Iluka Resources' ILU.AX mining unit Sierra Rutile, which has shuttered operations since last week. 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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