African Markets - Factors to watch on Oct 20



The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday.

- - - - - EVENTS: GHANA - The statistics office releases September Producer Price Inflation. The rate was 8.1% in the year to August. GLOBAL MARKETS Asian shares advanced and U.S. long-dated bond yields edged up to a five-month high on Wednesday on rising optimism about the global economy and corporate earnings while the yen slipped to a four-year low on the dollar. WORLD OIL PRICES Oil futures rose on Tuesday and were near multi-year highs as an energy supply crunch continued across the globe, while falling temperatures in China revived concerns over whether the world's biggest energy consumer can meet domestic heating needs. EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on African stocks, click on AFRICA CLIMATE CHANGE Africa's fabled eastern glaciers will vanish in two decades, 118 million poor people face drought, floods or extreme heat, and climate change could shrink the continent's economy by 3% by mid-century, the U.N. climate agency warned on Tuesday.

AFRICA CLIMATE FINANCE African countries want a new system to track funding from wealthy nations that are failing to meet a $100-billion annual target to help the developing world tackle climate change, Africa's lead climate negotiator said. SOUTH AFRICA MARKETS South Africa's rand rose on Tuesday, gaining back some ground lost a day earlier thanks to a softer dollar, while stocks closed little changed as they struggled for direction. NIGERIA SECURITY Nigerian troops killed 24 suspected Islamist insurgents in two attacks in the northeast and recovered some weapons, the army said on Tuesday.

KENYA MARKETS The Kenyan shilling KES= edged down on Tuesday as demand for dollars continued to outweigh the available supply. MOZAMBIQUE CREDIT SUISSE Credit Suisse Group AG CSGN.S will pay about $475 million to American and British authorities to resolve bribery and fraud charges relating to a $2 billion Mozambican corruption scandal, while its subsidiary pleaded guilty to a conspiracy charge in New York, U.S. and UK agencies said on Tuesday.

For the latest precious metals report click on

For the latest base metals report click on

For the latest crude oil report click on

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.