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African Markets - Factors to watch on November 11

By Reuters News

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

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EVENTS:

*Mauritius central bank announces its latest repo rate decision.


GLOBAL MARKETS

Global bonds tumbled and the dollar stayed firm after a hot US inflation print and hawkish central bank rhetoric raised the risk of an outsized half-point rate hike from the Federal Reserve next month, though stocks remained resilient.MKTS/GLOB


WORLD OIL PRICES

Oil prices rose on Wednesday after falling to two-month lows in the previous session, as the market swung between hopes for a de-escalation in the Iran war and concerns about ongoing attacks on shipping in the Strait of Hormuz.O/R


AFRICA STOCKS

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

SOUTH AFRICA MARKETS

South Africa's rand weakened against a firmer US dollar on Tuesday as investors also assessed data showing a rise in unemployment and a decline in manufacturing output.


NIGERIA PETROLEUM

Nigeria's upstream oil regulator has approved 145 new well-drilling operations, 595 well re-entries and 39 field development plans (FDPs) so far this year as it seeks to boost crude output, attract investment and strengthen energy security, a senior official said on Tuesday.


NIGERIA DANGOTE CEMENT LISTING

Nigeria's Dangote Cement DANGCEM.LG postponed its plans for a secondary listing in London on Tuesday, citing deteriorating market conditions, in a setback for the UK bourse.


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For the latest crude oil report click on O/R

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