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African Markets - Factors to watch on Sept 11

Published 11/09/2019, 05:43
Updated 11/09/2019, 05:50
© Reuters.  African Markets - Factors to watch on Sept 11

NAIROBI, Sept 11 (Reuters) - The following company

announcements, scheduled economic indicators, debt and currency

market moves and political events may affect African markets on

Wednesday.

- - - - -

EVENTS:

*Former rebel leader Machar inSouth Sudan capital for third

day of talks with president over stalled peace deal.

GLOBAL MARKETS

Bond yields climbed and stock markets held steady on

Wednesday, as hopes of easing U.S.-China tensions and

diminished risk of a no-deal Brexit prompted traders to take

profit before key central bank meetings. MKTS/GLOB

WORLD OIL PRICES

Oil prices traded higher on Wednesday after an industry

report said U.S. crude stockpiles fell last week by more than

twice the amount that analysts in a Reuters poll had

forecast. O/R

EMERGING MARKETS

For the top emerging markets news, double click on STOCKS

For the latest news on African stocks, click on .J

SOUTH AFRICA MARKETS

South Africa's rand firmed on Tuesday, buoyed by improved

investor appetite for riskier assets and comments from

ratings agency Moody's that the country is unlikely to suffer

a credit downgrade to junk in the short term. MARKETS

The Kenyan shilling KES= strengthened against the dollar on

Tuesday supported by tightening liquidity in the local money

market and reduced dollar demand from oil importers, traders

said. AFRICA RATINGS

South Africa is unlikely to suffer a credit downgrade to junk

in the short term, but the slow pace of reform illustrated by

a logjam over ailing state power firm Eskom poses a serious

risk, ratings firm Moody's said on Tuesday. AFRICA NASPERS

South African e-commerce group Naspers NPNJn.J is listing its

global empire of consumer internet assets under the name of

Prosus PRX.AS on Wednesday - and the jewel in the crown is a

31% stake in Chinese tech titan Tencent 0700.HK. the latest precious metals report click on GOL/

For the latest base metals report click on MET/L

For the latest crude oil report click on O/L

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