Copyright tradingview
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. GLOBAL MARKETS A rise in tech shares lifted Japan's Nikkei and Taiwan's TAIEX to all-time highs on Tuesday, though other markets in the region werelower following their own recent record rallies. WORLD OIL PRICES Oil prices slipped on Tuesday as investorsread OPEC+'s decision to pause output hikes in the first quarter as a signal of oversupply in the market. EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on South African stocks, click on SOUTH AFRICA MARKETS The South African rand was steady on Monday after the release of a sluggish manufacturing purchasing managers' index survey and vehicle sales numbers for the month of October. ZIMBABWE INFLATION Zimbabwe's annual inflation rate could halve from current levels by the end of 2025, driven by a stable local currency supported by high gold prices, according to a report by the Confederation of Zimbabwe Industries released on Monday. TANZANIA POLITICS Tanzania's President Samia Suluhu Hassan vowed on Monday to move on from deadly protests set off by last week's disputed election as she was sworn into office for her first elected term. NIGERIA BONDS Nigeria's sovereign bonds slipped on Monday after U.S. President Donald Trump threatened military action in the country if it did not take action to protect Christians, but veteran investors said the fallout was likely to be limited. AFRICA DEBT The International Finance Corporation, the World Bank's private investment arm, is expanding its local-currency lending and direct investments into companies across Africa to help projects reach the scale required to attract major global funds, Managing Director Makhtar Diop told the Africa Financial Summit in Casablanca on Monday. NIGERIA SECURITY U.S. President Donald Trump said on Sunday the U.S. military could deploy troops to Nigeria or carry out air strikes to stop what he called the killing of large numbers of Christians in the West African country. For the latest precious metals report click on For the latest base metals report click on For the latest crude oil report click on ((Compiled by Nairobi Newsroom)) ((Email: nairobi.newsroom@thomsonreuters.com))
