African Markets – Factors to watch on Nov 9 |

NAIROBI, Nov 9 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.

– – – – – EVENTS: *KENYA – The central bank to auction 91-day, 182-day and 364-day Treasury bills worth a total 24 billion shillings ($232 million). GLOBAL MARKETS Asia stocks hovered near a decade high on Thursday following another record breaking day on Wall Street, while the New Zealand dollar rallied as hawkish-sounding statements by the country’s central bank boosted the recently battered currency. WORLD OIL PRICES Oil prices held steady on Thursday after falling late in the previous session, supported by ongoing supply cuts led by OPEC and Russia. EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on African stocks, click on SOUTH AFRICA MARKETS South Africa’s rand firmed on Wednesday, recovering some losses suffered in the previous session, while stocks were weaker as Steinhoff International , weighed on the bourse. NIGERIA MARKETS Nigeria’s bonds were flat on Wednesday, shrugging off a downgrade by Moody’s, since investors had already factored in issues that triggered the rating change and were buying debt at a discount to book profits, traders said. Separately, Nigeria plans to sell 119.94 billion naira of treasury bills at an auction on Nov 15., the central bank said on Wednesday. NIGERIA TELECOMS Nigeria’s Senate approved on Wednesday a report largely exonerating South African telecoms company MTN Group Ltd’s Nigerian unit, after the business was accused of illegally repatriating $14 billion to its parent. KENYA MARKETS Kenya’s shilling was steady on Wednesday and was forecast to weaken slightly due to dollar demand from the manufacturing sector, but tight liquidity was expected to cushion it, traders said. GHANA INFLATION Ghana’s annual consumer price inflation fell to 11.6 percent in October from 12.2 percent the previous month on the back of lower transport and health costs, the statistics office said on Wednesday. TANZANIA INFLATION Tanzania’s inflation slowed to 5.1 percent year-on-year in October from 5.3 percent a month earlier due to slower rises in commodity prices, the statistics office said on Wednesday. For the latest precious metals report click on For the latest base metals report click on For the latest crude oil report click on

Keywords: AFRICA FACTORS/

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