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
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*Former rebel leader Machar inSouth Sudan capital for third
day of talks with president over stalled peace deal.
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.
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
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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.
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
SOUTH 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.
SOUTH 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.
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