October 10, 2017 / 5:28 AM / 9 days ago

African Markets - Factors to watch on Oct. 10

The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Tuesday.
    - - - - -
 EVENTS:
 * Rwanda releases inflation rate.
 * Liberia holds presidential elections.
 
 GLOBAL MARKETS
 Asian shares rose on Tuesday, shrugging off modest losses on
 Wall Street, while expectations of another U.S. interest rate
 increase this year continued to underpin the dollar.
                        
 
 WORLD OIL PRICES
 Oil prices were steady on Tuesday as OPEC said there were clear
 signs the market was rebalancing and as U.S. production remained
 offline following Hurricane Nate.                  
 
 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 Africa's rand slumped to a new six-month low on Monday as
 emerging market currencies suffered a broad sell-off linked to
 rising U.S. Treasury yields.             
 
 NIGERIA MARKETS
 Nigerian stocks climbed 1.3 percent on Monday to hit a six-week
 high after its biggest listed firm Dangote Cement and some
 consumer goods companies gained.             
 
 KENYA MARKETS
 The Kenyan shilling        was stable against the dollar on
 Monday as the market assessed political developments in the East
 African country, traders said.             
 
 CONGO MINING
 Congo's mines minister has ordered a joint venture of Chinese
 investors to stop exporting raw copper and cobalt before
 processing because of their low value on international markets..
               
 
 IVORY COAST SECURITY
 Ivory Coast authorities arrested a senior aide to parliament
 speaker Guillaume Soro on Monday, a prosecutor said, accusing
 him of possessing and distributing weapons to destabilise the
 state during an army mutiny earlier this year.             
 
 MOZAMBIQUE ATTACK
 Gun battles last week between police and attackers in a remote
 northern Mozambican port killed 16 people, including two police
 officers, local media reported.             
 
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