African Markets - Factors to watch on Sept 26 - Reuters

September 26, 2016
NAIROBI, Sept 26 - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday, Sept 26.

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EVENTS:
*Zambia's central bank announces its latest decision on the benchmark lending rate, and also inflation figures, any time this week starting from Monday.
*Botswana releases GDP data for second quarter 2016 any time this week starting from Monday.

GLOBAL MARKETS
Asian shares began the week under a cloud on Monday after losses on Wall Street, and as investors' attention turned from central banks to American politics ahead of the first U.S. presidential debate.

WORLD OIL PRICES
Crude prices rebounded on Monday after Algeria's energy minister said the day before that all options were possible for an oil output cut or freeze at this week's informal meeting of OPEC producers.

EMERGING MARKETS
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AFRICA STOCKS
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SOUTH AFRICA MARKETS
The softer rand lifted the share prices of companies that have a large share of their revenues outside South Africa. Anglo American rallied to a 14-month high after tapping a new finance director with a history of cost-cutting. Shares in the diversified mining firm closed 3.2 percent higher at 168.08 rand.

NIGERIA MARKETS
Nigeria's interbank lending rate eased to around 15 percent on Friday, down from nearly 40 percent for overnight lending a week ago, as the disbursal of August budget allocations to government agencies boosted market liquidity.

KENYA MARKETS
The Kenyan shilling firmed slightly on Friday, drawing support from dollar inflows from non-governmental organisations and offshore investors seeking to buy government securities, traders said.

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Steven Rich
Sep 17, 2018:
Well done
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