African Markets – Factors to watch on Nov 8 – Reuters

NAIROBI, Nov 8 (Reuters) – The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Tuesday.
– – – – –
EVENTS:
* GHANA – Pricing of maiden 10-year domestic debt.
* TANZANIA – Statistics bureau releases inflation figures.
* SOUTH AFRICA – Treasury auctions 2.35 billion rand worth
of 2035, 2037 and 2041 bonds.

GLOBAL MARKETS
Most Asian stock markets rose on Tuesday ahead of the U.S.
presidential election, with investors optimistic but
cautious over improving prospects for a win by Democrat
Hillary Clinton.

WORLD OIL PRICES
Oil prices were stable early on Tuesday after
posting strong gains the previous day, with investors piling
money into financial markets in expectation that Democrat
Hillary Clinton would win the U.S. presidential election.

EMERGING MARKETS
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AFRICA STOCKS
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SOUTH AFRICA MARKETS
South Africa’s rand gained over one percent on
Monday as growing bets of a win for Hillary Clinton in the
U.S. presidential election lifted emerging market
currencies, while stocks tracked the currency firmer.

SOUTH AFRICA RATING
South Africa’s chances of avoiding a credit rating downgrade
will be boosted by recent wage agreement between mine
workers and the platinum sector’s largest producers, ratings
firm Moody’s said on Monday.

IVORY COAST COCOA
Plentiful sun and rain last week in Ivory Coast’s main cocoa
growing regions will improve the quality and size of the
main crop, farmers said on Monday.

KENYA EXPORTS
Kenya’s earnings from horticulture exports rose 20 percent
to 77.81 billion shillings ($766 million) in the first nine
months of this year from a year earlier, the country’s
statistics office said on Monday.

MAURITIUS INFLATION
The Mauritius inflation was 1.5 percent
year-on-year in October, compared with 0.9 percent in
September, the statistics office said on Tuesday.