August 7, 2017 / 5:33 AM / 10 days ago

African Markets - Factors to watch on Aug. 7

The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Monday.
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 GLOBAL MARKETS
 Asian stocks advanced on Monday, taking their cue from Wall
 Street, while the dollar moderated but retained most gains
 made on stronger-than-expected July jobs growth and the
 promise of a U.S. tax plan that will repatriate corporate
 profits.                       
 
 WORLD OIL PRICES
 Oil prices held near nine-week highs on Monday, buoyed by
 robust U.S. jobs data last week and a slight fall in U.S.
 drilling, although rising output from OPEC capped
 gains.                 
 
 EMERGING MARKETS
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 AFRICA STOCKS
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 SOUTH AFRICA MARKETS
 South Africa's rand fell to a new three-week low against the
 dollar on Friday as strong U.S. jobs data coupled with local
 economic and political risks dented investors' appetite for
 the currency.            
 
 
 NIGERIA SECURITY
 Gunmen killed 11 people and wounded 18 others in a church in
 southeastern Nigeria on Sunday in an attack arising from a
 feud between members of the local community, officials
 said.            
 
 
 CAMEROON-NIGERIA/SECURITY
 A suicide bomber has killed at least seven people in a small
 town in northern Cameroon near the Nigeria border, a local
 official and a military source said on Sunday.              
 
 
 
 KENYA ELECTION
 Two foreign advisers to Kenyan opposition leader Raila
 Odinga, who were expelled from the country days before
 Tuesday's election, said they had been seized from their
 homes by plainclothes policemen who also confiscated their
 computers.             
 
 
 UGANDA-TANZANIA/OIL
 The leaders of Tanzania and Uganda laid a foundation stone
 on Saturday for the construction of a $3.55 billion-crude
 export pipeline that would pump Ugandan oil for
 international markets.            
 
 
 MAURITIUS INFLATION
 Mauritius' inflation              fell to 5.3 percent
 year-on-year in July from 6.4 percent in June, the
 statistics office said on Monday.             
 
 
 MAURITANIA POLITICS
 Mauritania has voted in favor of a referendum to abolish the
 senate and change the national flag in what the West African
 county's opposition says is just a bid by President Mohamed
 Ould Abdel Aziz to bolster power and extend his
 mandate.                
 
 
 CONGO SECURITY
 More than 50 people have been killed in clashes between
 ethnic groups in eastern Democratic Republic of Congo, three
 local aid workers said on Sunday, the largest death toll in
 fighting between the two groups for months.            
 
 
 ZIMBABWE POLITICS
 Zimbabwe's main opposition leader Morgan Tsvangirai on
 Saturday reunited with his former allies to agree a
 pre-election pact to challenge President Robert Mugabe's
 near four-decade hold on power at the polls next
 year.                     
 
 
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