African Markets - Factors to watch on Feb 7

Thu Feb 7, 2013 5:54am GMT

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NAIROBI, Feb 7 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Thursday.
    - - - - -
 EVENTS:
 KENYA - Central Bank of Kenya auctions 91-day Treasury bills worth 2.5
 billion shillings ($28.53 million).
 
 GLOBAL MARKETS
 Asian shares and the euro paused on Thursday, with investors seeking clues
 from European Central Bank President Mario Draghi on growth prospects for
 the euro zone economy at a policy meeting later in the day, amid optimism
 that the worst may be over.                
 
 WORLD OIL PRICES
 Brent crude was steady in a tight range under $117 per barrel on Thursday
 as traders waited for the outcome of a European Central Bank meeting and
 China trade data for more evidence the global oil demand outlook was
 improving.                
 
 MALI CRISIS
 France wants the African-led military mission in Mali to be replaced with a
 United Nations peacekeeping mandate by April, Foreign Minister Laurent
 Fabius said on Wednesday.                
     
 EMERGING MARKETS
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 AFRICA STOCKS
 For the latest news on African stocks, click on     
 
 SOUTH AFRICA MARKETS
 * South African stocks ended slightly lower on Wednesday as mobile phone
 firms pushed the bourse down after Vodacom's          quarterly earnings
 failed to excite.     
 * South Africa's rand eased against the dollar on Wednesday after a large
 amount of bond redemptions and is likely to be rangebound before
 manufacturing data and the European Central Bank meeting on Thursday.      
 
 NIGERIA MARKETS
 * Nigeria's naira          weakened against the U.S dollar on the interbank
 market on Wednesday on a sudden jump in demand for the dollar by importers.
                
 * Shares of Union Bank          climb to a 17-week high, rising almost 20
 percent in two consecutive days this week, a late comer to a Nigerian
 banking rally driven by bargain hunting on expectations of high dividends.
                 
 
 KENYA MARKETS 
 Kenya's main share index jumped 1.6 percent on Wednesday, extending gains
 to a sixth straight session and lifted by expectations for a strong
 earnings season, which kicks off next week.                
 
 ANGOLA/GHANA/TANZANIA FASTJET DISPUTE    
 Fastjet         , the African budget airline backed by easyJet        
 founder Stelios Haji-Ioannou, is in a dispute over the right to use the
 Fly540 brand in Angola, Ghana and Tanzania.
 
 GHANA TBILLS   
 The Bank of Ghana said on Wednesday that the yield on its 91-day bill rose
 to 22.9458 percent at a Feb. 4 auction from 22.7997 percent at the last
 auction.                    
 
 UGANDA MARKETS
 * The weighted average yield on Ugandan 91-day Treasury bills at auction on
 Wednesday was unchanged from the previous sale at 9.710 percent. The
 central bank offered bills totalling 100 billion shillings ($37.66 
 million).                
 * The Ugandan shilling        traded flat against the dollar on Wednesday,
 with its near-term direction likely to be determined by the outcome of a
 government debt auction later in the day. 
 
 MOZAMBIQUE COAL
 Mozambique's mines minister is confident of reaching a deal with Rio Tinto
         to solve the miner's problem of transporting coal to ports, which
 contributed to a recent $3 billion hit to its balance sheet. 
 
 SEYCHELLES INFLATION
 Seychelles' year-on-year inflation rate              rose to 5.9 percent in
 January from 5.8 percent a month earlier, the National Bureau of Statistics
 said on Wednesday.                
 
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