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Africa, Forex

African Markets – Factors to watch on Nov 25

NAIROBI, Nov 25 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – GLOBAL MARKETS Asian shares wobbled lower on Thursday, hurt by the U.S. dollar which continued to march higher as investors bet on interest rates rising more quickly in the United States than in other major economies such as Japan and the euro zone. WORLD OIL PRICES Oil prices ticked lower on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed to healthy U.S. fuel demand. 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 The South African rand fell to a 12-month low on Wednesday as the U.S. dollar strengthened and contagion from under-pressure Turkish lira lingered. KENYA MARKETS The Kenyan shilling was flat on Wednesday on the back of some dollar inflows from agricultural exports and charities, traders said. NIGERIA AVIATION Nigeria aims to launch a new national airline by April and will seek to sell a minority stake to a foreign airline or financial institution, Hadi Sirika, minister of state for aviation, said on Wednesday. ETHIOPIA WAR Ethiopia’s Prime Minister Abiy Ahmed has gone to direct the war from the front lines, state-affiliated media reported on Wednesday, as two Olympian athletes announced they were enlisting in the military. DEMOCRATIC REPUBLIC OF CONGO MINING Democratic Republic of Congo’s government said on Wednesday it would push to develop domestic battery manufacturing capacity to add value to its exports of minerals such as cobalt and copper. 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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