January 12, 2018 / 5:36 AM / 12 days ago

African Markets - Factors to watch on Jan. 12

    NAIROBI, Jan 12 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Friday.
  - - - - -    
 GLOBAL MARKETS
 Asian stocks resumed their ascent on Friday, supported by
 U.S. earnings optimism and a rise in oil prices while the
 euro edged higher as the European Central Bank signalled an
 end to its massive stimulus.
            
 
 WORLD OIL PRICES
 Oil prices eased on Friday after hitting their highest levels
 since December, 2014 the previous day.
      
 
 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 was flat on Thursday, taking a breather
 after a week of volatile trade driven by swirling speculation
 that President Jacob Zuma would step down before his term
 ends in 2019.
             
 
 NIGERIA MARKETS
 Nigeria's main stock index rose to above 43,000 points on
 Thursday, a level last seen in October 2008, after local and
 foreign funds bought shares across several sectors.
                     
 
 AFRICA ENERGY
 China's Sinopec Corp inched closer on Thursday to victory
 over Glencore in their battle for Chevron's CVX.N South
 Africa and Botswana assets, saying the South African
 government favoured its bid.
             
 
 KENYA COMPANIES
 Kenya Airways KQNA.NR expects its daily direct flights to the
 United States that it launches for the first time in October
 to boost annual revenue by 10 percent from 2019, the chief
 executive said on Thursday.
             
 
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