African Markets – Factors to watch on Nov 15 – Reuters

NAIROBI, Nov 15 (Reuters) – The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Tuesday.
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GLOBAL MARKETS
The U.S. dollar hovered near a 14-year high on Tuesday and
Treasury yields extended their rise as investors braced for
higher inflation in the United States amid expectations of
fiscally expansionary polices under Donald Trump’s
presidency.

WORLD OIL PRICES
Oil prices rose around 2 percent on Tuesday to move away
from multi-month lows struck the day before, pushed higher
by expectations of falling shale output and renewed optimism
that OPEC will deliver on touted production cuts.

EMERGING MARKETS
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AFRICA STOCKS
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SOUTH AFRICA MARKETS
South Africa’s rand weakened on Monday, extending losses
from the previous week as currency and bond markets in the
United States rallied on growing bets that Donald Trump will
ramp up spending to boost growth in the world’s largest
economy. .

SOUTH AFRICA POLITICS
South African opposition firebrand Julius Malema told his
followers on Monday to seize any piece of white-owned land
they wanted, defying a court trying him on charges of
inciting violent property grabs.

CONGO GOVERNMENT
Congo’s prime minister and cabinet resigned on Monday as
part of a deal that extends the tenure of President Joseph
Kabila, who also defended the right of the Congolese people
to change the constitution currently barring him from
running again.

BISSAU POLITICS
Guinea Bissau’s president said on Monday he would dissolve
the government and appoint another soon, as part of a plan
to end political deadlock that has gripped the country for
over a year.

NIGERIA VIOLENCE
Police said nine people were killed in clashes between
Shi’ite Muslims and police during a religious procession in
northern Nigeria on Monday, but the minority sect said
dozens of its members lost their lives.

NIGERIA INFLATION
Annual inflation in Nigeria accelerated in October to 18.3
percent, the National Bureau of Statistics said on Monday,
its highest in more than 11 years and the ninth straight
monthly rise, in another sign of the crisis in Africa’s
biggest economy.

ZIMBABWE ECONOMY
The International Monetary Fund has removed remedial
measures against Zimbabwe after the country settled its
overdue financial obligation to the Fund’s Poverty Reduction
and Growth Trust last month, the IMF said on Monday.