African Markets — Factors to watch on October 13
NAIROBI, Oct 13 (Reuters) — The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. — - — - — GLOBAL MARKETS Asian stocks fell sharply on Tuesday as investors fretted about the durability of the rally in AI shares and increased competition while a widening conflict in the Middle East soured risk sentiment ahead of the tone-setting US earnings season.... MKTS/GLOB WORLD OIL PRICES Oil prices fell on Tuesday and were on track for their first decline in nearly a week, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia.... O/R AFRICA STOCKS For the latest news on African stocks, click on.J SOUTH AFRICA MARKETS The South African rand was steady in early trade on Monday as investors remained cautious amid the Middle East conflict and awaited key US inflation data later this week for clues on the Federal Reserve's interest-rate path.... NIGERIA REFINERY IPO Nigeria's Dangote Petroleum Refinery and Petrochemicals has extended the application period for its initial public offering by two weeks to October 27, c
NAIROBI, Oct 13 (Reuters) — The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. — - — - — GLOBAL MARKETS Asian stocks fell sharply on Tuesday as investors fretted about the durability of the rally in AI shares and increased competition while a widening conflict in the Middle East soured risk sentiment ahead of the tone-setting US earnings season....
MKTS/GLOB WORLD OIL PRICES Oil prices fell on Tuesday and were on track for their first decline in nearly a week, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia.... J SOUTH AFRICA MARKETS The South African rand was steady in early trade on Monday as investors remained cautious amid the Middle East conflict and awaited key US inflation data later this week for clues on the Federal Reserve's interest-rate path....
NIGERIA REFINERY IPO Nigeria's Dangote Petroleum Refinery and Petrochemicals has extended the application period for its initial public offering by two weeks to October 27, citing strong investor interest across Africa and efforts to broaden access to the share sale.... IVORY COAST COCOA Cocoa arrivals at ports in top grower Ivory Coast stood at 23,000 metric tons in the week ending October 11, exporters estimated on Monday, down 52% compared to 48,000 tons in the same week last year....
DEMOCRATIC REPUBLIC OF CONGO SECURITY Former Congolese President Joseph Kabila has launched a new political-military coalition to replace the AFC-M23 alliance fighting government forces in eastern Congo, taking a more direct role in an insurgency he had previously stopped short of openly backing.... ETHIOPIA GOLD Ethiopia has launched its first gold refinery, a $50 million joint venture aimed at turning the East African nation into a regional processing hub for precious metals, Prime Minister Abiy Ahmed said over the weekend.... com)