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Africa, Forex

African Markets – Factors to watch on Sept. 27

Sept 27 – 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 crept higher on Monday as risk sentiment turned for the better, though a surge in oil prices to three-year highs could inflame inflation fears and aggravate the recent hawkish turn by some major central banks. WORLD OIL PRICES Oil prices rose for a fifth straight day on Monday with Brent heading for $80 amid supply concerns as parts of the world sees demand pick up with the easing of pandemic conditions. EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on African stocks, click on SOUTH AFRICA MARKETS South African financial markets weRE closed on Friday, Sept. 24, for a public holiday. Trading will resume on Monday. KENYA MARKETS The Kenyan shilling KES= was stable in quiet trade on Friday although traders said they expected it to be on the defensive next week due to end-month dollar demand across sectors. SAHEL SECURITY Mali has asked a private Russian military company to help it fight against insurgents, Russian foreign minister Sergei Lavrov said on Saturday at the United Nations. SUDAN SECURITY Sudan’s military said on Sunday it had repelled an attempted incursion by Ethiopian forces in the border area between the two countries. SUDAN OIL Sudan’s government reached an agreement with tribal protesters on Sunday to allow the resumption of exports of landlocked South Sudan’s crude oil via a terminal on the Red Sea, Sudanese officials said. For the latest precious metals report click on For the latest base metals report click on For the latest crude oil report click on


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