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African Markets - Factors to watch on Nov. 19

Published 19/11/2019, 06:01
© Reuters.  African Markets - Factors to watch on Nov. 19
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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

Asian share markets were mixed on Tuesday, as another day

awaiting clearer news on the progress of U.S.-China trade

negotiations left investors bereft of trading

motivation. MKTS/GLOB

WORLD OIL PRICES

U.S. oil prices fell for the second straight day on Tuesday

amid market jitters over limited progress between China and

the United States on rolling back trade tariffs, exacerbated

by a rise in U.S. inventories. 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 weakened on Monday, as cautious

investors awaited clues on monetary policy from the local

central bank and some of the world's major central banks, as

well as developments in U.S.-China trade talks. OIL/SEPLAT

The chief executive officer of Seplat SEPLAT.LG will

retire in July and will be replaced by the chief financial

officer, the Nigerian oil company said on

Monday. INFLATION

Higher food prices pushed up annual inflation in Nigeria

last month after borders with neighbouring countries were

closed in a crackdown on smuggling. MARKETS

The Kenyan shilling KES= firmed against the dollar on

Monday supported by tightening liquidity in the local money

markets and inflows from offshore investors buying stocks

and government debt, traders said. KENYA/SANCTIONS

The United States on Monday imposed sanctions on Kenya's

former attorney general, Amos Sitswila Wako, accusing him of

involvement in "significant" corruption, according to a

statement from U.S. Secretary of State Mike

Pompeo. MARKETS

The Ugandan shilling UGX= was stable on Monday amid

lacklustre appetite for hard currency from both commercial

banks and major importers like manufacturers and energy

firms. CENTRAL BANK

Zimbabwe's central bank said on Monday it would halve its

main lending rate to 35% as it sought to boost an economy

facing its worst crisis in a decade. POLITICS

Awol Beyene got married on Sunday in a white tuxedo, with

his voting card in one hand and his bride's hand in the

other. WOODSIDE

Woodside Petroleum WPL.AX would consider increasing its

equity stake in the Sangomar oil project off Senegal if any

of its partners looked to sell down their stake, Chief

Executive Peter Coleman said on Tuesday. SECURITY

Twenty-four Malian soldiers were killed and 29 wounded in an

attack on an army patrol in northern Mali on Monday in which

17 militants were also killed, a spokesman for the army

said. 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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