December 5, 2017 / 5:29 AM / in 13 days

African Markets - Factors to watch on Dec 5

    NAIROBI, Dec 5 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Tuesday.
    - - - - -
 
 GLOBAL MARKETS
 Asian shares were subdued on Tuesday as investors' rotation
 out of technology shares took a toll on some of the region's
 tech heavyweights although hopes of a major tax cut in the
 United States underpinned risk
 sentiment.                       
 
 WORLD OIL PRICES
 Oil markets nudged higher on Tuesday, buoyed by expectations
 of a drop in U.S. crude stockpiles and after last week's
 deal between OPEC and other crude producers to extend output
 curbs.                  
 
 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 strengthened on Monday on hopes that
 Deputy President Cyril Ramaphosa will win the race to become
 the next leader of the ruling African National Congress
 (ANC) at a party conference in less than two weeks'
 time.            
 
 KENYA CURRENCY
 The Kenyan shilling KES= was stable against the dollar on
 Monday, supported by hard currency inflows from coffee
 exports and investors buying government debt, traders
 said.            
 
 KENYA POLITICS  
 A prominent strategist for Kenya's opposition who has
 strongly criticised President Uhuru Kenyatta and called for
 some parts of the country to secede was released on Monday
 after being briefly detained on suspicion of inciting
 violence.             
 
 NIGERIA FUNDS
 Switzerland will return to Nigeria around $321 million in
 assets seized from the family of former military ruler Sani
 Abacha via a deal signed with the World Bank on Monday, the
 Swiss government said.            
 
 ZIMBABWE POLITICS 
 Zimbabwe's new president Emmerson Mnangagwa swore in his
 cabinet on Monday, with allies defending him against
 criticism for giving top posts to the generals who helped
 his rise to power.                    
 
 SOMALIA SECURITY
 The African Union's plan to trim its Somalia peacekeeping
 force (AMISOM) will hurt the mission unless extra equipment
 is found to offset the troop decrease, the mission's leader
 told Reuters on Monday.             
 
 
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