African Markets - Factors to watch on Sept 6
Sept 6 |
Sept 6 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.
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EVENTS
PORT LOUIS - Mauritius August inflation statistics.
KIGALI - Rwandan President Paul Kagame to be sworn in.
GLOBAL MARKETS Asian stocks touched one-month highs on Monday after U.S. jobs data for now pacified investors worried that a second recession in the world's biggest economy was nigh. Relief that the employment report was not as bad as some had thought tempered demand for safe-havens such as gold XAU= and government debt. [ID:nSGE685021]
Oil fell for a second straight session on Monday as the end oF the driving season in the United States and record petroleum stockpiles there fuelled doubt that supplies would drain in the face of tepid economic growth. [ID:nSGE68503G]
AFRICAN MARKETS
For all the latest news on African stocks click on [.J]
SOUTH AFRICA MARKETS
South Africa's rand hit a new 2 1/2 year high against the dollar on Friday, gaining momentum after breaking through key techincal levels and local stocks also gained. [ID:nLDE6821OX]
MOZAMBIQUE PROTEST
Mozambique police on high alert on reports more protests over soaring bread prices might erupt in the capital following demonstrations last week that left ten dead and hundreds injured. [ID:nLDE68406H]
NIGERIA MARKETS
Ashaka Cement (ASHAKAC.LG), Intercontinental Bank (INTERCO.LG) and fuel retailer African Petroleum AP.LG help lift Nigeria's all-share index .NGSEINDEX 0.16 percent to 24,241.84 points on Friday. [ID:nLDE6821QO]
Nigeria's stock exchange will have new management by the beginning of next year at the latest and listing the bourse will be among their priorities, the Securities and Exchange Commission (SEC) said on Friday. [ID:nLDE6820VG]
KENYA MARKETS
The Nairobi Stock Exchange, the NSE-20 Share Index .NSE20 fell 29.28 points to close at 4,437.69 on Friday, resuming downward trend of past week after rise a day earlier.
Safaricom (SCOM.NR), Kenya's largest telecoms firm, fell to a 2010 low of 4.50 shillings from its opening price of 4.80, before recovering to close at 4.70, as a price war continues to rock the telecoms sector.
Shares from Kenya's Standard Chartered Bank's (SCBK.NR) 2.5 billion shilling rights issue start trading on the Nairobi Stock Exchange on Monday.
KENYA ECONOMY
Kenya's economy will grow by 5.2 percent in 2010, a government advisory body said on Saturday, a forecast that exceeds the government's previous estimate. [ID:nLDE68305I]
GHANA MARKETS
Shares in financial stocks Ecobank Transnational Incorporated (ETI.GH) and Enterprise Insurance Company EIC.GH fell on Friday to pull the Ghana all-share index .GSEGH 1.51 percent lower to 6,665.36 points. [ID:nLDE6821KL]
Ghana 7-day Treasury bill yield falls to 11.95 percent. [ID:nLDE6811CC]
ANGOLA ECONOMY
Angola will launch a complete overhaul of its tax regime to improve collection and increase revenues, Minister of State Carlos Feijo said on Friday. [ID:nLDE6821WJ]
EMERGING MARKETS
For the top emerging markets news, double click on [nTOPEMRG]
COMMODITIES
For the latest precious metals report click on [GOL/]
For the latest base metals report click on [MET/L]
For the latest crude oil report click on [O/L]
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