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African Markets - Factors to watch on Oct. 2

Published 2017-10-02, 12:38 a/m
© Reuters.  African Markets - Factors to watch on Oct. 2
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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 The euro took a knock in Asia on Monday as investors kept an anxious eye on an independence vote in Spain's Catalonia, although surprisingly strong economic news out of China and Japan offered support to equities and commodities. MKTS/GLOB

WORLD OIL PRICES Oil prices edged lower on Monday in early Asian trading, pausing for breath after posting gains of as much as 20 percent in the third quarter, after a survey pointed to a slight increase in OPEC production in September. O/R

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 Bonds led a recovery in South African markets on Friday, with the rand also edging firmer, helped by combination of the trade balance remaining in surplus and a pause in dollar's recent rally. Stocks followed world markets higher. POLITICS Nigeria's President Muhammadu Buhari said on Sunday he would not allow the country to be dismembered as it faces calls for secession in a region formerly known as Biafra and the Niger Delta oil hub along with a separatist insurgency by Boko Haram. MARKETS The Kenyan shilling KES= eased against the dollar on Friday due to dollar from some multinational companies, traders said. COAST COCOA Ivory Coast, the world's top cocoa producer, set its guaranteed farmer price well below growers' expectations for the 2017/18 main crop season, raising concerns that a looming price gap with Ghana could lead to rampant smuggling. PROTESTS Soldiers shot dead at least eight people and wounded others in Cameroon's restless English-speaking regions on Sunday during protests by activists calling for its independence from the majority Francophone nation, an official and witnesses said. REBELS For years, William Yakutumba did what many militia leaders in eastern Congo do: he occupied a pocket of territory while running rackets based on gold smuggling, arms trafficking and taxing civilians abandoned by an absent state. PARLIAMENT At least five Ugandan lawmakers received hospital treatment for injuries sustained while being dragged out of the parliament by plain-clothes security guards that opposition MPs said were really soldiers from President Yoweri Museveni's special forces. MARKETS The Ugandan shilling UGX= edged up on Friday, helped by some typical end of month hard currency inflows from non-governmental organisations and coffee exporters. INFLATION Uganda's inflation UGCPIY=ECI rose slightly to 5.3 percent year-on-year in September from 5.2 percent a month earlier, the statistics office said on Friday. POLITICS Hundreds of people chanting anti-government slogans marched in the central Ethiopian town of Bishoftu on Sunday at a religious festival where a stampede triggered by a police move to quell protests killed dozens of people last year. MEDIA Tanzania shut down another newspaper on Friday - the third since June - after a warning from President John Magufuli earlier in the year that the days of newspapers his government viewed as unethical were numbered. RAILWAYS Tanzania has awarded a $1.92 billion contract to a Turkish firm to construct a 422-km (262-mile) high-speed electric railway line, part of plans to overhaul ageing transport infrastructure. A Somali refugee who had been on a watch list over extremist views faced five counts of attempted murder and terror charges on Sunday after Canadian police said he stabbed a police officer and ran down four pedestrians with a car in Edmonton, Alberta. opened its biggest overseas military base on Saturday in Somalia's capital, cementing its ties with the volatile but strategic Muslim nation and building a presence in East Africa. the latest precious metals report click on GOL/

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