African Markets - Factors to watch on Nov 10

Tue Nov 10, 2009 5:42am GMT
 
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Nov 10 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.

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GLOBAL MARKETS

Asian stocks rose on Tuesday after U.S. equities hit a 13-month high, while central banks intervened to curb Asian currencies as funds flowed into riskier assets on expectations economic stimulus measures will continue. [ID:nSP476687]

The U.S. dollar was under selling pressure on Tuesday while the euro and higher-yielding currencies revisited highs as investors piled on to leveraged carry trades. [ID:nSYD468706]

SOUTH AFRICAN MARKETS

South Africa's blue-chip stocks jumped on Monday, lifted by banks and as higher commodity prices drove miners up, while also helping the rand extend last week's gains to a two-week high.

The Johannesburg Top-40 index .JTOPI rose 1.68 percent to 23,729.60 points, while the broader All-Share index gained 1.59 percent to 26,345.01 points. [ID:nL9468833]   Continued...

 

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