August 31, 2016 / 4:56 AM / 3 years ago

African Markets - Factors to watch on Aug 31

NAIROBI, Aug 31 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Wednesday.
    - - - - -
 EVENTS:
 *Nigeria to release second quarter 2016 gross domestic
 product data, and the latest data on the state of its
 foreign exchange reserves.
 *Kenya and Uganda to release consumer inflation data for
 August.
 *KENYA - The central bank to auction 182-day and 364-day
 Treasury bills worth a total 12 billion shillings.
 
 GLOBAL MARKETS
 Asian shares eased on Wednesday following modest losses on
 Wall Street, with investors awaiting U.S. jobs numbers for
 further signs the Federal Reserve may raise rates as soon as
 September.                       
 
 WORLD OIL PRICES
 Crude oil futures fell in early trade on Wednesday as the
 U.S. dollar held around three-week highs and industry stocks
 data indicated a build in U.S. crude inventories.
                  
 
 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 against the dollar on Tuesday,
 with investor caution over a political row involving the
 country's finance minister hanging over the
 markets.            
 
 NIGERIA MARKETS
 Nigeria's central bank sold around $1.5 million at the
 interbank forex market on Tuesday to support the local
 currency and ensure the closing rate stabilises, traders
 said.            
 
 NIGERIA SECURITY   
 A militant group said on Tuesday it attacked a pipeline
 operated by a subsidiary of Nigeria's state oil company in
 the country's southern Delta region, just a day after the
 most prolific rebel group in the restive energy hub said it
 had halted hostilities.               
 
 KENYA MARKETS
 The Kenyan shilling        was stable against the dollar on
 Tuesday with demand coming from importers and manufacturers
 expected to put pressure on it, traders said.            
 
 UGANDA PETROLEUM
 Uganda granted on Tuesday five production licences to
 UK-listed explorer Tullow Oil         and three to France's
 Total          , clearing a major hurdle as the east African
 country aims to move more quickly towards crude
 production.                    
 
 ZAMBIA CURRENCY
 Zambia's kwacha        firmed as much 1.24 percent to 9.55
 against the dollar on Tuesday, extending gains to a third
 straight session following last week's successful auction of
 Treasury bills and bonds.            
 
 ZAMBIA ECONOMY
 Zambia plans to cut subsidies as agreed with the
 International monetary Fund, with talks on an aid package at
 an advanced stage, a presidential spokesman said on
 Tuesday.            
 
 GABON POLITICS
 The Gabon government on Tuesday accused President Ali
 Bongo's challenger, Jean Ping, of trying to destabilise the
 country, and warned French ruling party officials against
 "interference" in its affairs.            
 
 MOZAMBIQUE DEBT
 The International Monetary Fund (IMF) is demanding an
 external forensic audit of Mozambique's public debt to
 regain investor confidence after a scandal over more than $2
 billion in secret loans, its local representative said on
 Tuesday.            
 
     For the latest precious metals report click on        
     For the latest base metals report click on         
     For the latest crude oil report click on
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below