NAIROBI, Nov 8 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Thursday.
- - - - -
GLOBAL MARKETS
Asian stocks rose to a one-month peak on Thursday as
investors, relieved to have moved past the U.S. midterm
elections without any major political surprises, drove a
Wall Street rally, while the dollar bounced and pulled away
from 2-1/2-week lows.
WORLD OIL PRICES
Oil prices dipped on Thursday as record U.S. crude output
heightened concerns of a return of global oversupply,
stoking talk from within OPEC that production curbs may
become necessary once again to prevent a glut.
EMERGING MARKETS
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AFRICA STOCKS
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AFRICA CURRENCIES
The Kenyan shilling was stable against the dollar on
Wednesday supported by inflows from Diaspora remittances
amid thin demand from oil and merchant importers, traders
said.
SOUTH AFRICA MARKETS
South Africa's rand firmed against a weaker dollar on
Wednesday after U.S. midterm elections split Congress,
lowering the chance of any major U.S. fiscal policy boost
soon.
NIGERIA EQUITIES
Nigeria will next week break a 4-year drought for stock
market listings when Skyway Aviation Handling Company
(SAHCO) starts the process for making its debut on the
Nigerian Stock Exchange.
GHANA COCOA
The African Development Bank (AfDB) is close to approving a
$600 million loan package for Ghana's cocoa regulator,
Cocobod, which will allow it to build warehouses to
stockpile beans and protect itself against price falls, the
bank's president said.
GHANA CRUDE
Ghana has approved state-owned company GOIL as
minority local partner for Exxon Mobil's deepwater
offshore oilfield, Energy Minister Peter Amewu said on
Wednesday.
BURUNDI STOCK EXCHANGE
Burundi plans to establish a securities exchange before the
end of this year for companies to raise funds after a
slowdown in commercial bank lending, a senior central bank
official said.
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