African Markets - Factors to watch on Oct 3 NAIROBI, Oct 3 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. - - - - - EVENTS: *Kenya's central bank announces its latest benchmark lending rate decision. GLOBAL MARKETS Asian shares fell on Tuesday after Federal Reserve officials cemented the view that U.S.
BUZZ-COMMENT-US recap: EUR/USD mired near 2023 lows, USD/JPY closes in on 150 Oct 2 (Reuters) - The dollar index rose 0.6% at the start of the fourth quarter as Treasury yields surged after a suspected U.S. government shutdown was temporarily averted, U.S. and European PMI divergence favored the U.S. currency favor and Fed speakers maintained the high rates for longer narrative.
UPDATE 2-South African rand slumps on local PMI data, stronger dollar Updates prices to reflect afternoon trade JOHANNESBURG, Oct 2 (Reuters) - The South African rand slumped on Monday, dragged down by a stronger dollar and local purchasing managers' data that showed factory activity shrank for the eighth month in a row in September. At 15 25 GMT, the rand traded at 19.1 700 against the dollar ZAR=D3 , 1 .21% weaker than its previous close.
BUZZ-COMMENT-FX traders should prepare for end of U.S. tightening cycle Oct 2 (Reuters) - FX traders should prepare for the end of the U.S. tightening cycle which is likely to underpin stocks and bonds influencing currencies . While a surprisingly hawkish outlook from the Federal Reserve in September jolted markets and sent stocks lower, it didn't change the perception that interest rates will peak around their current level.
South African rand strengthens ahead of local PMI, car sales JOHANNESBURG, Oct 2 (Reuters) - The South African rand edged higher in early trade on Monday ahead of a local purchasing managers' index (PMI) survey and new vehicles sales figures. At 0647 GMT, the rand traded at 18.8900 against the dollar ZAR=D3 , nearly 0.3% stronger than its previous close.
