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African Markets - Factors to watch on Sept 13
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African Markets - Factors to watch on Sept 13
Sep 13, 2024 2:33 PM

Sept 13 (Reuters) - The following company announcements,

scheduled economic indicators, debt and currency market moves

and political events may affect African markets on Friday.

- - - - -

GLOBAL MARKETS

The dollar on Friday slumped against the yen while gold hit

an all-time peak as investors ratcheted up bets for a

super-sized Federal Reserve interest rate cut next week

after media reports suggested the decision was a tough one

for officials.

WORLD OIL PRICES

Oil prices rose on Friday, extending a rally sparked by

output disruptions in the U.S. Gulf of Mexico, where

Hurricane Francine forced producers to evacuate platforms

before it hit the coast of Louisiana.

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 inched higher against a weaker dollar on

Thursday, with the next big local drivers - inflation data

and an interest rate decision - due next week.

KENYA MARKETS

The Kenyan shilling was flat on Thursday despite a slight

pickup in foreign-currency demand, and traders said it was

expected to remain in a tight range.

AFRICA MARKETS

The Kenyan, Ugandan, Ghanaian and Zambian currencies are

expected to be broadly stable in the next week to Thursday,

while Nigeria's could fall, traders said.

UN AFRICA

The United States supports creating two permanent United

Nations Security Council seats for African states and one

seat to be rotated among small island developing states,

U.S. Ambassador to the U.N. Linda Thomas-Greenfield

announced on Thursday.

SENEGAL POLITICS

Senegal President Bassirou Diomaye Faye on Thursday

dissolved the opposition-led national assembly, clearing the

way for early legislative elections on Nov. 17.

AFRICA MPOX

The Africa Centres for Disease Control and Prevention

(Africa CDC) is able to raise $600 million to fight a

surging mpox outbreak on the continent, the agency's head

said on Thursday.

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