African Markets - Factors to watch on Oct. 19
The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Tuesday.
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SOUTH AFRICA - The World Meteorological Organisation (WMO)
will present a new report on the impact of climate change in
Asian shares advanced on Tuesday, supported by a tech-driven
Wall Street rally, and a rebound in Chinese markets a day
after weak data heightened investor concerns about the
world's second-largest economy.
WORLD OIL PRICES
Oil prices fell on Tuesday, with Brent down a second
straight day, after Chinese data showed slowing economic
growth and U.S. factory output dropped in September, raising
fresh concerns about demand amid patchy recovery from the
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SOUTH AFRICA MARKETS
South Africa's rand dropped on Monday as soft economic data
in China, the country's largest trading partner, prompted
investors to sell riskier assets.
Nigerian oil firm Lekoil warned on Monday about its
ability to continue as a going concern after posting a
$119.3 million loss for 2020, building pressure on the
Gunmen killed at least 43 people in an attack in northern
Nigeria's Sokoto state, the governor's office said on
The Kenyan shilling was stable against the dollar on
Monday, but traders said it was still likely to weaken
further, due to a lack of adequate hard currency supplies
and robust demand.
Rebellious Tigrayan forces accused the Ethiopian government
of launching air strikes on the capital of Tigray region on
Monday, and though a government official initially denied
strikes, state-run media later reported the air force
conducted an attack.
Burundi on Monday rolled out its first COVID-19 vaccines,
months after most African countries, the latest step in the
East African nation's shift towards a more active approach
to containing the pandemic.
CAPE VERDE ELECTION
Opposition candidate and former prime minister Jose Maria
Neves won Cape Verde's presidential election on Sunday, as
his main rival, the ruling party's flagbearer Carlos Veiga,
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