The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Monday.
- - - - -
NIGERIA - Economic forum to be addressed by the Finance
Minister Ngozi Okonjo-Iweala and other speakers.
MOZAMBIQUE - Expecting inflation data for October. The
year-on-year rate quickened to 4.52 percent in September
from 4.34 percent in the previous month.
NAMIBIA - Also expecting inflation data for October. The
year-on-year rate slowed to 5.5 percent in September from 6
percent the previous month.
Asian shares fell to a four-week low on Monday as a surprise
surge in U.S. jobs growth heightened expectations the
Federal Reserve will start reducing stimulus by year-end,
boosting the dollar against the euro, yen and emerging
WORLD OIL PRICES
Brent futures edged up towards $106 a barrel in Asia on
Monday after Iran and six world powers failed to reach a
deal on Tehran's nuclear programme, while data showed a
slight rise in implied fuel demand in China.
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Nigerian bond yields are likely to fall at an auction next
week on strong local investor demand, while a liquidity
squeeze in Kenya is expected to keep Treasury bill yields
SOUTH AFRICA MARKETS
South Africa's rand fell as much as 1 percent against the
greenback on Friday as U.S. jobs data reignited expectations
that the Federal Reserve will cut back on asset purchases
that have fed billions of dollars into high-yielding
SOUTH AFRICAN SHARES
South African stocks ended lower on Friday, dropping 1.3
percent as investors cashed in recent hefty gainers such as
AngloGold Ashanti and Richemont after a
string of record highs.
Nigerian interbank lending rates eased marginally to an
average of 10.5 percent week-on-week on Friday, compared
with 10.75 percent on average last week, supported by ample
naira liquidity from matured open market operations (OMO)
The benchmark Kenyan share index inched up on Friday as
national carrier Kenya Airways extended a run of
strong gains, while the shilling was little changed.
A recovery in growth in Mauritius will help cut the budget
deficit for 2014 to 3.2 percent of gross domestic product
from a higher-than-expected 3.7 percent in 2013, the finance
minister said in a budget speech on Friday.
Tanzania's year-on-year inflation rate inched
higher to 6.3 percent in October from 6.1 percent the
previous month, the statistics office said on Friday.
GHANA TREASURY BILLS
The Bank of Ghana said on Friday the yield on its 91-day
bill fell to 19.3456 percent at a Nov. 8 auction from
19.6816 percent at the previous sale.
Congo and defeated M23 rebels are to sign a peace deal on
Monday to end a 20-month revolt in the east of the vast
African nation, where other militias still roam and millions
are destitute despite great mineral wealth.
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((Compiled by Nairobi Newsroom))
Keywords: AFRICA FACTORS/
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