African Markets – Factors to watch on Nov 20

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NAIROBI, Nov 20 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.
EVENTS:
*Central Bank of Nigeria hold monetary policy meeting (to November 21).
*Kenya Supreme Court ruling on election petitions.
GLOBAL MARKETS
Asian shares eased on Monday, with investor sentiment hurt by a retreat on Wall Street and sliding Chinese stocks, while the euro skidded after German coalition talks hit an impasse.
WORLD OIL PRICES
Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead of an OPEC meeting at the end of the month, when the producer club is expected to decide whether to continue output cuts aimed at ropping up prices.
SOUTH AFRICA MARKETS
South Africa’s rand raced to a two-week high against the dollar on Friday as the greenback came under pressure after a report that investigators probing possible Russian interference in the U.S. election had subpoenaed President Donald Trump’s election campaign for documents.
AFRICA RATES
Nigeria and Kenya will both leave monetary policy unchanged next week, a Reuters poll forecast, as inflation in the former is not yet tame enough while an interest rate cap in the latter limits policymakers’ room for maneuver.
KENYA POLITICS
Kenyan police fired teargas to disperse a crowd that was protesting on Sunday against the overnight murder of four people in a slum in the capital Nairobi.
ZIMBABWE POLITICS
President Robert Mugabe stunned Zimbabwe on Sunday by making no mention of resignation in a television address, defying his own ZANU-PF party, which had sacked him hours earlier, and hundreds of thousands of protesters who had already hailed his downfall.
MALI ECONOMY
Industrial gold production in Mali, Africa’s third biggest producer, is on track to exceed earlier forecasts for this year, a government official said on Friday.