January 8, 2018 / 6:10 AM / 16 days ago

African Markets - Factors to watch on Jan. 8

    NAIROBI, Jan 8 (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 shares crept toward all-time peaks on Monday after
 Wall Street boasted its best start to a year in over a
 decade, with brisk economic growth and benign inflation
 proving a potent cocktail for risk appetites.
            
 
 WORLD OIL PRICES
 Oil prices firmed on Monday on the back of a slight decline
 in the number of U.S. rigs drilling for new production, with
 crude holding just below near three-year highs reached last
 week.
      
 
 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 weakened slightly on Friday as investors
 bagged profits from a rally that has set the local unit up
 for its longest weekly winning streak since 2002.
             
 
 NIGERIA MARKETS
 Nigerian stocks rose to a three-week high on Thursday,
 lifted mostly by gains from the relatively liquid banking
 sector, to continue 2017's rally.
             
 
 KENYA ECONOMY
 Kenyan President Uhuru Kenyatta said on Friday he will
 retain Henry Rotich as his finance minister. Trained as an
 economist, Rotich worked with the central bank and the
 ministry of finance, before his initial appointment to the
 role in 2013. He has presided over steady economic growth
 but he has been criticised for ramping up the national debt.
                 
 
 SOUTH AFRICA POLITICS
 South Africa’s parliament said on Sunday it would review its
 rules relating to removing the country's president, after
 the constitutional court said on Dec. 29 that lawmakers had
 previously failed to hold President Jacob Zuma to account.
                 
 
 ZIMBABWE POLITICS
 Zimbabwe's President Emmerson Mnangagwa has ruled out
 forming a coalition government after visiting opposition
 leader Morgan Tsvangirai on Friday.
                 
 
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