May 16, 2018 / 4:37 AM / 5 months ago

African Markets - Factors to watch on May 16

    NAIROBI, May 16 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Wednesday.
                   - - - - -
 GLOBAL MARKETS
     Asian stock markets dipped on Wednesday after Pyongyang
 abruptly called off talks with Seoul, throwing a U.S.-North
 Korean summit into doubt, while surging bond yields revived
 worries about faster U.S. interest rate hikes that could
 curb global demand.                           
 WORLD OIL PRICES
     Oil prices fell on Wednesday, weighed down by ample
 supplies despite ongoing output cuts by producer cartel OPEC
 and looming U.S. sanctions against major crude exporter
 Iran.                       
 
 EMERGING MARKETS
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 AFRICA STOCKS
 For the latest news on African stocks, click on     
 
 SOUTH AFRICA MARKETS
 South Africa's rand fell more than two percent against the
 dollar on Tuesday, hurt by a greenback which drew strength
 from rising U.S. bond yields, while stocks ended lower.
                 
 KENYA MARKETS
 The Kenyan shilling        held steady against the dollar on
 Tuesday supported by inflows from horticulture exports and
 non governmental organisations, traders said.             
 KENYA STOCKS
 Kenya's Capital Markets Authority is reviewing eligibility
 requirements for firms that wish to list on the bourse to
 remove unnecessary barriers and attract new listings, the
 regulator's chief executive told Reuters on Tuesday.   
                
 NIGERIA INFLATION
 Annual inflation in Nigeria stood at 12.48 percent in April,
 its lowest level in more than two years and its 15th
 straight monthly drop, the National Bureau of Statistics
 said on Tuesday.                
 NIGERIA MARKETS
 Nigeria's central bank said on Tuesday it had injected $210
 million into the interbank foreign exchange market,
 extending efforts to boost liquidity and alleviate dollar
 shortages.              
 UGANDA ECONOMY
 Uganda's economy is expected to grow around 5.5 percent in
 the fiscal year ending in June and the pace of expansion
 could accelerate to 6 percent in the next 12 months boosted
 by good weather, the World Bank said on Tuesday. 
                         
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