NAIROBI, Oct 2 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Wednesday.
- - - - -
EVENTS:
GLOBAL MARKETS
Global shares fell to one-month lows on Wednesday after U.S.
manufacturing activity tumbled to more than a decade low,
sparking worries that the fallout from the U.S.-China trade
war is spreading to the U.S. economy.
WORLD OIL PRICES
Oil rebounded from several days of falling prices after
industry data showed a surprise drop in U.S. crude
inventories, offsetting weak economic readings in the United
States that have depressed global stock markets.
EMERGING MARKETS
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AFRICA STOCKS
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KENYA MARKETS
The Kenyan shilling KES= was stable on Tuesday and was
forecast to trade in a tight range against the dollar amid
pressure from excess liquidity in the local money markets,
traders said.
SOUTH AFRICA MARKETS
South Africa's rand weakened to a one-month low on Tuesday,
slumping in line with emerging market peers as uncertainty
related to U.S.-China trade war, coupled with global growth
worries, kept investors wary of riskier assets.
SOUTH AFRICA ECONOMY
South Africa's seasonally adjusted Absa Purchasing Managers'
Index (PMI) sank to its lowest level in a decade in
September, on weak demand linked to fears over slowing
domestic and global growth, the survey showed on Tuesday.
ZIMBABWE ECONOMY
Zimbabwe's President Emmerson Mnangagwa on Tuesday pleaded
for time and patience to bring the economy back from the
"dead", as his government faces blame for surging inflation
evoking dark days under Robert Mugabe.
SOMALIA ATTACKS
Cameras picked up the two white trucks carrying bombs and
fighters through the bush towards Somalia's most secure
military base, home to U.S. special forces, foreign trainers
and the Somali special forces they mentor.
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