June 14, 2011 / 5:42 AM / 9 years ago

African Markets - Factors to watch on June 14

June 14 (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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EVENTS:

* Botswana to issue Treasury bill auction results.

* Rwanda inflation data for May expected.

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GLOBAL MARKETS

The euro pulled up from near a record low against the Swiss franc on Tuesday after Chinese inflation figures provided some relief that the country would not get more aggressive on tightening policy, providing a broad boost to risky assets. [ID:nL3E7HE02R]

WORLD CRUDE OIL SUPPLY, PRICES

Oil rebounded on Tuesday after China said industrial production grew faster than expected in May, easing concerns over a global economic slowdown and soothing worries that Europe’s debt crisis would dent energy demand. [ID:nL3E7HE0CA]

LIBYA CRISIS

Forces loyal to Libyan leader Muammar Gaddafi shelled an oil refinery supplying the rebel-held city of Misrata on Monday after insurgents pushed their front west towards the coastal town of Zlitan. [ID:nLDE75C00Q]

For more on Libya [nLDE72H00G]

More on Middle East unrest: [nLDE73H1UN] [nTOPMEAST]

IMF’S TOP JOB

The International Monetary Fund’s board on Monday blocked Bank of Israel governor Stanley Fischer from the race for the top IMF job, further boosting the chances of French Finance Minister Christine Lagarde. [ID:nN13156566]

AFRICA STOCKS

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

AFRICA FIXED INCOME

For news on African fixed income, click on [ID:nJ8E7FF040]

SOUTH AFRICA MARKETS

South Africa’s rand firmed slightly against the dollar but was generally looking vulnerable as worries about the global economy re-emerged. Local stocks overcame choppy trade to inch higher. [ID:nLDE72D02U]

NIGERIA MARKETS

Nigeria's naira NGN=D1 weakened sharply against the U.S dollar on the interbank market after the central bank failed to meet all demand at its bi-weekly foreign exchange auction. [ID:nLDE75C10Z]

NIGERIA RESCUED BANKS

Nigeria’s central bank has warned that eight lenders rescued in a 2009 bailout are in a “grave situation” as their operating losses mount and that vested interests risk derailing plans to recapitalise them. [ID:nLDE75C1BP]

KENYA MARKETS

Kenya's shilling KES= hit an all-time low of 89.80/90 to the dollar, buffeted by demand from the energy sector to pay for imports and doubts about official policy on supporting the currency. [ID:nLDE75C081]

KENYA BONDS

Kenya plans to raise 35.85 billion shillings ($400.6 million) in infrastructure bonds in the 2011/12 (July-June) fiscal year, up from 30.5 billion shillings in 2010/11, the Finance Ministry said. [ID:nWEA5655]

KENYA POLICY

Kenya expects a further tightening of monetary policy to curb inflation and stabilise the exchange rate, its central bank governor said. [ID:nLDE75C0ST]

MAURITIUS RATES

Mauritius’ central bank surprised analysts by raising its benchmark interest rate MUCBIR=ECI by 25 basis points to 5.50 percent to prevent high prices sparking second round inflationary effects. [ID:nLDE75C14P]

MAURITIUS CURRENT ACCOUNT

Mauritius’ current account deficit dipped in the first quarter of 2011 from the year-ago period, thanks to a higher surplus in the services account, the central bank said. [ID:nLDE75C0F1]

SUDAN BORDER

South Sudan’s army said northern warplanes bombed its territory after fighting in the border state of Southern Kordofan spread across the ill-defined north-south border. [ID:nLDE75C0X7]

GHANA STOCKS

Tullow Oil’s (TLW.L) secondary listing on the Ghana Stock Exchange .GSEGH is likely to be oversubscribed due to the modest number of shares on offer, officials and brokers said. [ID:nLDE75C17E]

TANZANIA DEVELOPMENT

Tanzania plans to spend 42.9 trillion shillings ($27.41 billion) over the next five years to finance development projects aimed at boosting economic growth in the country, a government minister said. [ID:nLDE75C100]

ZAMBIA STOCKS

First Quantum Minerals (FM.TO) said it plans to list its shares on the Zambian bourse by July, as part of its strategy to target expansion in the fast-growing African country. [ID:nLDE75C09I]

For 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]

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