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African Markets - Factors to watch on Sept 3
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African Markets - Factors to watch on Sept 3
Sep 2, 2024 9:40 PM

NAIROBI, Sept 3 (Reuters) - The following company

announcements, scheduled economic indicators, debt and currency

market moves and political events may affect African markets on

Tuesday.

- - - - -

GLOBAL MARKETS

Bond yields drifted higher on Tuesday, while currencies and

Asia's stock markets steadied as investors waited on a raft

of data to determine how deeply the U.S. can cut interest

rates.

WORLD OIL PRICES

Brent oil prices slid in Asian trade on Tuesday as concern

about a sluggish economy in China bringing down demand

outweighed the impact of a blockade of oil production

facilities in Libya.

EMERGING MARKETS

For the top emerging markets news, double click on

AFRICA STOCKS

For the latest news on South African stocks, click on

SOUTH AFRICA MARKETS

The South African rand was steady on Monday ahead of the

release of second-quarter gross domestic product (GDP)

data.

NIGERIA PETROLEUM

Nigeria's Dangote Oil Refinery has begun processing gasoline

after delays caused by recent crude shortages, an executive

said on Monday.

NIGERIA POLITICS

Nigeria on Monday charged 10 people with treason and

conspiring to incite the military to mutiny following last

month's nationwide demonstrations that saw thousands take to

the streets to protest against a cost of living

crisis.

KENYA MARKETS

Kenya's shilling was stable on Monday, with dollar

supply from the tourism sector matching general importer

demand, traders said.

IVORY COAST COCOA

Cocoa arrivals at ports in top grower Ivory Coast stood at

1.704 million metric tons as of Sept. 1 since the season

began on Oct. 1, down 26.2% from the same period last season,

exporters estimated on Monday.

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