African Markets - Factors to watch on May 15

Mon May 15, 2017 4:36am GMT
 

    NAIROBI, May 15 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Monday.
    - - - - -
 GLOBAL MARKETS
 Asian stocks were resilient on Monday, edging up to a
 two-year high after shaking off threats posed by a
 ransomware attack that locked up more than 200,000 computers
 in over 150 countries, a missile test by North Korea and
 weak U.S. data.                               
 
 WORLD OIL PRICES
 Oil prices jumped by over 1.5 percent on Monday after the
 Saudi Arabian and Russian energy ministers said in a joint
 statement that an OPEC-led crude production cut would be
 extended from the middle of this year until March 2018.
                       
 
 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 fell on Friday amid political jitters as
 the state power company reinstated its former chief
 executive, who had resigned after being implicated in a
 report by the anti-graft watchdog into alleged
 influence-peddling.             
 
 NIGERIA MARKETS
 Nigeria's overnight interbank lending rate rose sharply to
 29.5 percent on Friday, up from 19 percent last week, after
 the central bank sold treasury bills to soak up liquidity
 from the banking system in a bid to curb pressure on the
 naira.             
 
 NIGERIA BUDGET
 Nigeria's parliament signed off on a record 7.44 trillion
 naira ($24.4 billion) budget for 2017 on Thursday, aiming to
 drag Africa's biggest economy out of its first downturn in
 quarter of a century, lawmakers said.               
 
 NIGERIA CRUDE
 A Nigerian oil labour union and Exxon Mobil Corp XOM.N plan
 to meet with government officials in an effort to end a
 strike over the sacking of workers, a union and government
 official said on Friday.              
 
 KENYA MARKETS
 Kenya's shilling        was steady on Friday and traders
 said it could come under pressure in the days ahead due to
 dollar demand from oil importers.             
 
 KENYA LOANS
 Kenya borrowed $1 billion via a syndicated loan from
 commercial banks, $200 million more than anticipated,
 Thomson Reuters publication IFR reported on Friday.
                     
 
 IVORY COAST MUTINY
 Troops were advancing towards Ivory Coast's second largest
 city on Sunday, part of an operation the head of the army
 said was launched "to re-establish order" on the third day
 of a mutiny by soldiers across the country over bonus
 payments.               
 
 GHANA RATINGS
 Fitch ratings' decision on Friday to upgrade Ghana's
 sovereign rating outlook to stable shows the confidence of
 international stakeholders in the government's turnaround
 strategy, the ministry of finance said in a statement. 
                   
 
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