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African Markets – Factors to watch on Jan 4 – Reuters

HomeNewsAfrican Markets – Factors to watch on Jan 4 – Reuters
04
Jan
African Markets – Factors to watch on Jan 4 – Reuters
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NAIROBI, Jan 4 (Reuters) – The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Wednesday.
– – – – –
EVENTS:
*KENYA – The central bank to auction 182-day and 364-day
Treasury bills worth a total 12 billion shillings.
*GHANA – Outgoing President John Mahama to make his final
address to parliament.

GLOBAL MARKETS
The U.S. dollar crept nearer to 14-year peaks on Wednesday as an
abundance of upbeat global economic data boosted Wall Street and
signs of quickening inflation dented fixed-income
debt.

WORLD OIL PRICES
Oil edged higher on Wednesday, with top exporter Saudi Arabia
expected to raise prices for its crude as part of planned supply
cuts, although a strong dollar and moderate economic growth
prospects restricted gains.

EMERGING MARKETS
For the top emerging markets news, double click on

AFRICA STOCKS
For the latest news on African stocks, click on

SOUTH AFRICA MARKETS
South African stocks kicked off 2017 in positive territory as a
platinum rally spurred producers of the precious metal, while
dollar strength knocked the volatile rand into the
red.

NIGERIA MARKETS
Nigeria’s naira traded flat at the official interbank window and
on the parallel market on the first trading day of the year,
while stocks fell almost one percent in trading dominated by
losses in petroleum, banking and brewery shares.

NIGERIA PETROLEUM
– State-run Nigerian National Petroleum Corporation (NNPC) has
awarded its 2017 crude oil term contracts to 39 companies, the
company said on Tuesday.

KENYA MARKETS
The Kenyan shilling weakened on Tuesday as importers
sought to fill their dollar requirements after the
holidays.

UGANDA SHILLING
The Ugandan shilling weakened moderately on Tuesday due
to demand for dollars by commercial banks.

GAMBIA POLITICS
The head of Gambia’s electoral commission has fled to Senegal
due to threats to his safety after declaring that President
Yahya Jammeh lost last month’s election, a defeat the ruler has
refused to accept.

MOZAMBIQUE POLITICS
Mozambique’s Renamo opposition party said on Tuesday it had
extended a ceasefire by two months to allow talks with President
Filipe Nyusi’s government, raising hopes for a nascent peace
process.

ZAMBIA FUEL PRICES
Zambia’s retail fuel prices will fall from midnight on Tuesday
due to subdued oil prices and a stronger kwacha currency, the
energy regulator said.


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