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African Markets - Factors to watch on Nov 4

Wed Nov 4, 2009 11:57am IST
 
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Nov 4 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday.

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GLOBAL MARKETS

The dollar lost ground on Wednesday after hitting a one-month high against a basket of currencies, while Asian stocks edged higher in muted trade ahead of central bank meetings that kept investors wary.

Oil fell for the first time in three days after a 2 percent surge on Tuesday and gold eased after hitting a record high, but the afterglow helped boost resource-linked shares.

The MSCI index of Asia Pacific stocks outside Japan .MIAPJ0000PUS rose 0.8 percent.

Japan's Nikkei was flat, with the market supported after U.S. indicators such as the factory gauge from the Institute for Supply Management pointed to a brisk pace of growth in the fourth quarter.[ID:nSP215083]

  Continued...

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