African Markets - Factors to watch on Nov 9
NAIROBI, Nov 9 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.
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EVENTS -Uganda's central bank to announce its latest policy rate. The bank's monetary policy committee raised the rate to 12% from 9.75% at the previous meeting. GLOBAL MARKETS Asian markets and US equity futures made a steady start on Monday, wobbling into positive territory after a wild week where doubts about demand for computer chips sent tech-heavy markets in Asia into some of their steepest falls in years. MKTS/GLOB WORLD OIL PRICES Oil prices fell at Monday's open after US President Donald Trump said he was highly unlikely to order new Iran attackswhile talks to end the conflict make progress, despite both nations' reports of attacks on ships in or near the Strait of Hormuz. O/R SOUTH AFRICAN MARKETS The South African rand weakened against a firmer dollar on Friday as the vote count in this week's municipal elections progressed, with results so far pointing to a further slide in support for the African National Congress. AFRICA STOCKS For the latest news on South African stocks, click on .J DEMOCRATIC REPUBLIC OF CONGO MINERALS Democratic Republic of Congo called on the United States on Friday to deliver concrete investments under their strategic minerals partnership, saying the success of the agreement should be measured by completed projects rather than signed deals. TANZANIA POLITICS Tanzania's main opposition leader, Tundu Lissu, was cleared of treason but convicted of incitement and sentenced to four years in jail on Friday, in a case that rights groups and his supporters say is politically motivated. ZAMBIA GROWTH Zambia will aim to keep economic growth around 5% in 2027 while halving the budget deficit, which swelled this year on fuel tax cuts and higher-than-projected spending, its finance minister said on Friday.
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