African Markets - Factors to watch on Sept 24

By Reuters News

NAIROBI, Sept 24 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.

- - - - -

GLOBAL MARKETS

Debt markets were on edge on Thursday, as Japanese bonds followed Treasuries lower, while Asian equities were mixed as investors weighed simmering Middle East tensions and prospects for talks between the United States and China.

MKTS/GLOB


WORLD OIL PRICES

Oil prices edged lower on Thursday, after climbing 4% in the previous session, as Iran said it remained open to diplomacy to end the US-Iran war, though the two countries remain far apart on ways to do so. O/R


SOUTH AFRICA MARKETS

The South African rand fell on Wednesday after the central bank raised its key interest rate, saying the move was needed to steer inflation back toward its 3% target, while data showed headline inflation edged higher in August.


EMERGING MARKETS

For the top emerging markets news, double click on


AFRICA STOCKS

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


ETHIOPIA WAR

Hours after renewed fighting in Tigray shattered a four-year-old peace deal, Ethiopian President Taye Atske-Selassie Amde told the UN his country had exercised "immense restraint" and made progress with its neighbors despite foreign interference.


GHANA RESERVES

Ghana's central bank will prioritise rebuilding foreign exchange reserves in the coming months as it navigates a weaker current account, declining reserves and a pause in gold exports by state buyer GoldBod since August, Governor Johnson Asiama said on Wednesday.


GHANA COCOA

Ghana Cocoa Board (COCOBOD) is seeking to raise 16.3 billion Ghana cedis ($1.4 billion) from domestic investors to fund cocoa purchases for the upcoming season, according to a government presentation to investors seen by Reuters.


AFRICA TELECOMS

Airtel Money, the mobile money arm of Airtel Africa AAF.L, will file for what could be one of London's biggest initial public offerings in recent years, marking a potential turning point for the market after a prolonged slowdown in new listings.


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))

((Email: nairobi.newsroom@thomsonreuters.com))

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.