July 13, 2017 / 5:48 AM / in 11 days

African Markets - Factors to watch on July 13

4 Min Read

    NAIROBI, July 13 (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 shares scaled a two-year top on Thursday as investors
 wagered policy tightening in the United States would be
 glacial at best, lifting Wall Street to record peaks and
 lowering bond yields almost everywhere.
                        
 
 WORLD OIL PRICES
 Oil prices were stable on Thursday as strong demand from
 China eased concerns of an ongoing fuel glut.
                  
 
 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 and bonds raced to their firmest levels
 in a week on Wednesday as investors cashed in on the dollar's
 recent rally and saw an improved outlook for the economy
 despite recession and political uncertainty.             
 
 SOUTH AFRICA POLITICS
 South African Deputy President Cyril Ramaphosa on Wednesday
 criticised the corruption that has damaged the ruling party
 under President Jacob Zuma, opening a divide in the African
 National Congress months ahead of a leadership contest.
             
 
 NIGERIA POLITICS
 Nigerian President Muhammadu Buhari is recuperating fast and
 will return home shortly, his deputy said on Wednesday after
 visiting the head of state in London where he has been on
 prolonged sick leave.             
 
 NIGERIA OIL
 Nigeria supports OPEC's efforts to stabilize oil prices, but
 it wants to wait before deciding whether join the cartel's
 cuts in oil production, its oil minister said on Wednesday.
              
 
 KENYA POLITICS
 Six Kenyan police officers were killed and two wounded when
 their convoy was attacked by gunmen in central Kenya where
 drought and scarce grazing land is fuelling violence.
             
 
 ZAMBIA POLITICS
 Zambian President Edgar Lungu may revoke emergency powers
 before they expire in 90 days if there is an end to the "acts
 of sabotage" they were meant to quell, his spokesman said on
 Wednesday.             
 
 GHANA ECONOMY
 Ghana's annual consumer price inflation fell to 12.1 percent
 in June from 12.6 percent the previous month, driven lower by
 falling food and petroleum prices, the statistics office said
 on Wednesday.             
 
 ZIMBABWE POLITICS
 Zimbabwean police on Wednesday sprayed tear gas and fired
 water cannon at opposition Movement for Democratic Change
 (MDC) supporters protesting against what they see as the slow
 pace of electoral reforms ahead of next year's presidential
 vote.             
 
 ZIMBABWE ECONOMY
 Zimbabwe's central bank wants to issue more "bond notes"
 beyond its stated limit of $200 million, its governor said on
 Wednesday, in comments likely to stoke fears the country is
 returning to the era of money printing and hyperinflation.
             
 
 CONGO POLITICS
 The United Nations has identified an additional 38 probable
 mass graves in Democratic Republic of Congo's central Kasai
 region, it said on Wednesday, bringing the total to at least
 80 since the outbreak of an insurrection last August.
             
 
 CONGO DAM
 Democratic Republic of Congo has decided to more than double
 the size of its planned Inga 3 hydroelectric plant to make it
 more economical, after the $14 billion project was hit by
 financing problems.             
 
 MALI POLITICS
 Tuareg separatists have seized a town in Mali's desert north
 from a pro-government ethnic Tuareg militia after days of
 fighting, the separatists and a local legislator close to the
 government side said on Wednesday.             
 
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