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African Markets – Factors to watch on Jan 5 – Reuters

HomeNewsAfrican Markets – Factors to watch on Jan 5 – Reuters
05
Jan
African Markets – Factors to watch on Jan 5 – Reuters
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NAIROBI, Jan 5 (Reuters) – The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Thursday.
– – – – –
GLOBAL MARKETS
Asian stocks rose for an eighth consecutive day on Thursday,
buoyed by further gains on Wall Street and an overnight bounce
in oil prices that bolstered energy
shares.

WORLD OIL PRICES
Oil prices dipped on Thursday on doubts producers would fully
deliver on promises to cut output, although record U.S.
automobile sales and falling crude stocks offered markets some
support.

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 Africa’s rand firmed on Wednesday as the U.S. dollar fell
against a basket of currencies, with investors cautious about
increasing bets on the greenback before getting fresh clues on
the U.S. economy and the timing of interest rate
rises.

NIGERIA PETROLEUM
Nigeria’s crude oil exports are on track to edge higher in
February, due in part to deferred January cargoes, loading
programmes compiled by Reuters showed on Wednesday.

KENYA MARKETS
Kenya’s central bank sold dollars in the foreign exchange market
on Wednesday after the shilling KES= weakened due to heavy
importer demand from sectors like energy, traders
said.

GAMBIA POLITICS
Gambia’s army chief pledged his loyalty on Wednesday to
President Yahya Jammeh, who has refused to accept defeat in last
month’s election and faces the possibility of regional military
intervention to enforce the result of the vote.

ANGOLA POLITICS
Angolan lawyers, who argue that President Jose Eduardo dos
Santos’ billionaire daughter was illegally appointed as the
chief executive of the state oil company, have applied for their
case to be heard in the Constitutional Court.

ZAMBIA MINING
Zambian workers have downed tools at a mine and copper
processing plant belonging to Konkola Copper Mines (KCM), a unit
of Vedanta Resources VED.L, in a dispute over the pace of wage
talks, a union official said on Wednesday.

EQUATORIAL GUINEA CORRUPTION
A French court on Wednesday postponed the corruption trial of
the son of Equatorial Guinea’s president until June 19, bringing
proceedings to a halt two days after they had begun.


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