African Markets – Factors to watch on Nov 10 – Reuters

NAIROBI, Nov 10 (Reuters) – The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Thursday.
– – – – –
EVENTS:
* SOUTH AFRICA – Statistics South Africa releases monthly
factory production numbers.
* MAURITIUS – Bank of Mauritius, or central bank, announces
its rate decision.

GLOBAL MARKETS
Asian shares rebounded on Thursday and the dollar firmed in
a remarkable snapback from the shock of Republican Donald
Trump’s presidential victory, though the speed of the
reversal left some market watchers scratching their heads.

WORLD OIL PRICES
Oil prices dipped early on Thursday pulled down by
rising U.S. crude inventories and as markets tried to
interpret U.S. President-elect Donald Trump’s surprise
victory.

EMERGING MARKETS
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AFRICA STOCKS
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SOUTH AFRICA MARKETS
South Africa’s rand tumbled as much as four percent
on Wednesday along with other emerging market currencies as
investors were rattled by a shock U.S. election win for
Republican Donald Trump. South Africa’s main stock index
ended slightly higher .

SOUTH AFRICA ECONOMY
South Africa’s weak economic growth and heightened political
risk are a risk to its investment grade sovereign credit
rating, the central bank said on Wednesday.

IVORY COAST COCOA
Ivory Coast cocoa grinders had processed 41,000 tonnes of
beans by the end of October since the 2016/17 season began
on Oct. 1, up from 40,000 tonnes in the same period last
season, GEPEX exporters’ association data showed on
Wednesday.

GUINEA MINING
Top Rio Tinto executives in 2011 approved a
$10.5 million payment to a consultant to smooth relations
with the president of Guinea as it struggled to secure land
for a giant iron ore mine, emails made public on Thursday
showed.

ANGOLA OIL
Isabel Dos Santos, daughter of Angolan President Jose dos
Santos, defended on Wednesday her father’s decision to
appoint her head of the state oil firm, saying she had been
picked for a her expertise and competence.