African Markets - Factors to watch on October 15

By Reuters News

NAIROBI, Oct 15 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.

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EVENTS:

*Nigeria's statistics office to release consumer inflation data for September.


GLOBAL MARKETS

Oil prices fell more than 1% on Thursday as investors weighed risks to supply from attacks on shipping through the Strait of Hormuz against US efforts to cut petroleum shipping costs by easing sanctions on vessels.

MKTS/GLOB


WORLD OIL PRICES

Markets started the day on the back foot as trading kicked off in Asia on Thursday, as a quicker-than-expected increase in US consumer price inflation upped expectations for the Federal Reserve to act later this year and pushed stocks lower.O/R


AFRICA STOCKS

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SOUTH AFRICA MARKETS

The South African rand weakened sharply on Wednesday after a hotter-than-expected US inflation reading boosted expectations that the Federal Reserve could raise interest rates later this month.


UGANDA CENTRAL BANK RATE

Uganda's central bank sharply raised its main interest rate UGCBIR=ECI on Wednesday after an emergency meeting to address a slump in its shilling currency.


IVORY COAST COCOA

Ivory Coast's cocoa grind rose 46.6% year-on-year in September to 49,517 metric tons of beans, data from exporters' association GEPEX showed on Wednesday.


EQUATORIAL GUINEA GAS

US oil major Chevron CVX.N is on track to deliver first gas from its offshore Aseng gas project in Equatorial Guinea in 2028, a senior company executive said on Wednesday.

MOZAMBIQUE BUDGET

Mozambique's cabinet has approved the key parameters of next year's budget, foreseeing a narrower fiscal deficit and modest economic growth.


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