NAIROBI, Dec 11 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets Wednesday.
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EVENTS: *Ghana's statistics agency to release gross domestic product data for the third quarter of 2024. GLOBAL MARKETS Asian stock markets and the dollar took a breather on Wednesday ahead of an anticipated rate cut in Canada and a U.S. inflation reading expected to leave the Fed on course to cut rates again.nL1N3NC02EMKTS/GLOB WORLD OIL PRICES Oil prices rose slightly early on Wednesday, with market participants expecting to see demand rising in China next year after Beijing announced a looser monetary policy to stimulate economic growth.nL1N3NC019O/R EMERGING MARKETS For the top emerging markets news, double click on nTOPEMRG AFRICA STOCKS For the latest news on South African stocks, click on .J SOUTH AFRICA MARKETS South Africa's rand weakened against a stronger dollar on Tuesday as investors shifted their focus towards monthly U.S. and local inflation figures.nL1N3NB0MR NIGERIA SECURITY A gang of gunmen kidnapped more than 50 women and children in a raid on Kakin Dawa village in Nigeria's northwest Zamfara state, police and residents said.nL8N3NB0H5 KENYA MARKETS Kenya's shilling eased slightly on Tuesday, with little importer demand for dollars outpacing inflows in a session with limited activity ahead of the holidays, traders said.nL8N3NB0GZ MAURITIUS ECONOMY Mauritius' previous government falsified the country's gross domestic product $(GDP)$, budget deficit and public debt figures for years, its new prime minister said on Tuesday, accusing the former administration of practicing "voodoo economics".nL4N3NB0XS SOUTH SUDAN POLITICS South Sudan's President Salva Kiir has fired the head of the country's military, the police chief and the central bank governor, an announcement made on the state-owned broadcaster SSBC said.nL8N3NB077 SOMALIA ETHIOPIA POLITICS Somali President Hassan Sheikh Mohamud was heading to Ankara, Turkey, to attend the third round of talks aimed at defusing tensions with Ethiopia, the state news agency reported on Tuesday, in a row that threatens to destabilise the region.nL4N3NB1B0 MOZAMBIQUE BONDS Emirati-Lebanese shipbuilder Privinvest was on Tuesday refused permission to appeal against Mozambique's victory in a London lawsuit over the decade-old "tuna bond" scandal.nS8N3D707B MOZAMBIQUE MINING South32 S32.AX has withdrawn its output forecast for its Mozal Aluminium smelter in Mozambique amid post-election civil unrest, the Australian company said on Tuesday.nL1N3NB0A5 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 |
((Compiled by Nairobi Newsroom))
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