financetom
Market
financetom
/
Market
/
African Markets - Factors to watch on Sept 6
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
African Markets - Factors to watch on Sept 6
Sep 6, 2024 1:26 PM

NAIROBI, Sept 6 (Reuters) - The following company

announcements, scheduled economic indicators, debt and currency

market moves and political events may affect African markets on

Friday.

- - - - -

EVENTS:

*Seychelles and Mauritius' statistics offices are due to

release their respective consumer inflation data for August.

GLOBAL MARKETS

Asian shares clung to tight ranges and the dollar nursed

losses on Friday, with investors on tenterhooks ahead of

U.S. jobs data that could decide the size and speed of

coming rate cuts in the world's largest economy.

WORLD OIL PRICES

Oil prices edged up in early trading on Friday as investors

weighed a big withdrawal from U.S. crude inventories and a

delay to production hikes by OPEC+ producers against mixed

U.S. employment data.

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 Africa rand extended gains on Thursday as risk

sentiment improved on bets for a deeper interest rate cut

this month in the United States, analysts said.

AFRICA CURRENCIES

The Kenyan and Ugandan shillings are expected to hold steady

against the dollar in the next week to Thursday, while

Ghana's cedi and Zambia's kwacha could fall, traders

said.

NIGERIA PETROLEUM

Nigeria's state-oil firm will supply the Dangote Oil

refinery a total of 13 crude cargoes in October to ease

pressure on local gasoline supply, head of the firm's

downstream operations said on Thursday.

KENYA MARKETS

The Kenyan shilling eased slightly on Thursday due to

increased importer demand for dollars that outstripped

supply from remittances, tea exporters and

telecommunications companies, traders 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

(Compiled by Nairobi Newsroom)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US stock indices power up after payrolls report
US stock indices power up after payrolls report
May 3, 2024
US stock indices gained ground on Friday following the release of somewhat weak payrolls data for April, which boosted the odds of a Fed interest rate cut in the summer. The US government reported the addition of 175 thousand new jobs to the economy in April, down from 315 thousand in March, while analysts expected the addition of 240 thousand...
US STOCKS-Wall St rallies after soft jobs data allays rate jitters
US STOCKS-Wall St rallies after soft jobs data allays rate jitters
May 3, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * U.S. job growth slows in April * Apple ( AAPL ) jumps after announcing record share buyback * Expedia ( EXPE ) slides after trimming FY revenue growth forecast * Indexes up: Dow 1.13%, S&P 1.10%, Nasdaq 1.90% (Updated...
EMERGING MARKETS-Brazil's real hits 3-week high as US jobs data backs Fed cut bets
EMERGING MARKETS-Brazil's real hits 3-week high as US jobs data backs Fed cut bets
May 3, 2024
* Weak dollar boosts Latam FX, stocks * Traders price in more US rate cuts * Panama presidential election on Sunday By Sruthi Shankar May 3 (Reuters) - Most Latin American currencies climbed on Friday, with the Brazilian real touching a three-week high versus the dollar after weaker-than-expected U.S. jobs data raised expectations of U.S. interest rate cuts starting as...
Euro zone bond yields drop after weak U.S. jobs data
Euro zone bond yields drop after weak U.S. jobs data
May 3, 2024
(Updates at 1455 GMT) By Harry Robertson and Stefano Rebaudo May 3 (Reuters) - Euro zone bond yields fell on Friday after data showed the U.S. labour market was much weaker than expected in April, raising hopes for interest rate cuts. Nonfarm payrolls data showed the U.S. labour market added 175,000 jobs in April, down from 315,000 in March and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved