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African Markets - Factors to watch on Feb. 11

Stock MarketsFeb 11, 2019 06:40
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© Reuters. African Markets - Factors to watch on Feb. 11

NAIROBI, Feb 11 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.

- - - - - EVENTS: *MAURITIUS - Statistics office to release consumer inflation data for January.

GLOBAL MARKETS Asian shares started the week on the backfoot as investors were unable to shake off worries about global growth, U.S. politics and the Sino-U.S. trade war, keeping the safe-haven dollar well bid near a six-week top against major currencies. MKTS/GLOB

WORLD OIL PRICES Oil prices fell by around 1 percent on Monday as drilling activity in the United States, the world's largest oil producer, picked up and financial markets were pulled down by trade concerns. 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 recovered on Friday, tracking peers like the Turkish lira and Russian rouble as the dollar weakened and investors looked to profit on the greenback's recent rally. MARKETS The Kenyan shilling KES= was stable against the dollar on Friday and was seen trading in a tight range as demand from merchandise importers is matched by inflows from Diaspora remittances, traders said. TELECOMS India's Bharti Airtel BRTI.NS said on Friday its unit Airtel Networks Kenya Ltd has agreed to merge with Telkom Kenya Ltd, the East African nation's smallest telecom operator. MINING Zimbabwean gold miner RioZim RTNR.ZI said on Friday it had suspended production at its three mines for the second time in four months because the central bank had failed to pay it in U.S. dollars for part of its gold deliveries.

SOUTH SUDAN PETROLEUM South Sudan will return to producing more than 350,000 barrels of crude per day by the middle of 2020, up from current levels of just over 140,000 barrels per day (bpd) currently, the country's oil minister said on Sunday. NATURAL GAS A final investment decision, commonly called FID, for a massive offshore natural gas block in Mozambique is expected to be ready by March or April, the chairman of Mozambique's national oil company ENH said in New Delhi on Sunday. COAST POLITICS Former Ivory Coast rebel leader Guillaume Soro resigned as parliament speaker on Friday in a split with President Alassane Ouattara that could signal his intention to run for president next year. 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

African Markets - Factors to watch on Feb. 11
 

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