CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

African Markets - Factors to watch on November 4

By Reuters News

NAIROBI, Nov 4 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday.

- - - - -

GLOBAL MARKETS

US stock futures slumped, Treasuries rallied and the dollar softened on Wednesday as Democrats notched early Senate wins, fuelling bets they could wrest control of the chamber from President Donald Trump's Republicans, though the final outcome remained uncertain.MKTS/GLOB


WORLD OIL PRICES

Oil prices slipped in early trade on Wednesday as investors awaited the results of the US midterm elections and their potential impact on peace talks in the Middle East, even after industry data showed US crude stocks unexpectedly fell last week.O/R


AFRICA STOCKS

For the latest news on African stocks, click on .J


SOUTH AFRICA MARKETS

The South African rand softened on Tuesday ahead of municipal elections, while investors assessed the implications of Washington's decision to suspend the country from a key US trade programme from 2027.


KENYA HEALTH - EBOLA

Kenya on Tuesday discharged five Ebola patients from hospital after laboratory tests confirmed they had cleared the virus. The country has sought to limit cases to a single infection cluster by tracing and quarantining contacts of patients.


AFRICA CREDIT RATING

The Africa Credit Rating Agency (AfCRA), launched last month to challenge the dominance of the world's three biggest ratings firms, is in talks with 15 African sovereigns and aims to publish its first ratings by March, its interim CEO said.


WEST AFRICA CRUDE

West African crude oil differentials rose as traders sent offers to Indian Oil Corp.


NIGERIA SECURITY

A constitutional amendment to create state police forces in Nigeria won approval from 28 state legislatures, surpassing the threshold needed for constitutional change and moving the plan closer to becoming law, the National Assembly said on Tuesday.

DEMOCRATIC REPUBLIC OF CONGO MINING

Democratic Republic of Congo's justice minister this week ordered judicial investigations into suspected mining fraud and mineral smuggling in the mineral-rich provinces of Lualaba and Haut-Katanga after authorities seized more than 500 trucks and thousands of metric tons of copper and cobalt, according to a government statement.


SENEGAL ECONOMY

Senegalese lawmakers again rejected a revised budget on Tuesday, deepening a standoff with the government that risks delaying a new International Monetary Fund programme that underpins its debt restructuring strategy.




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/R

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.