January 11, 2018 / 5:35 AM / 12 days ago

African Markets - Factors to watch on Jan. 11

    NAIROBI, Jan 11 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Thursday.
  - - - - -    
 GLOBAL MARKETS
 The New Year rally in Asian shares petered out on Thursday
 due to concerns about rising U.S. protectionism, while bond
 markets nursed steep losses and Bitcoin fell more than 11
 percent after moves in South Korea to ban trade in the
 cryptocurrency.
            
 
 WORLD OIL PRICES
 Oil prices held near three-year highs on Thursday, supported
 by a surprise drop in U.S. production and lower crude
 inventories, although analysts increasingly warned of signs
 that fuel markets have overheated.
      
 
 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 as much as 1.7 percent on
 Wednesday to its worst performance in nearly three weeks
 after the ruling African National Congress said an early exit
 for President Jacob Zuma had not been discussed at a party
 meeting. 
             
 
 SOUTH AFRICA POLITICS
 The new leadership of South Africa’s ruling party did not
 discuss President Jacob Zuma's future on Wednesday, an
 official said, disappointing investors who hoped it would
 seek to remove him from power.
             
 
 KENYA POLITICS
 European Union observers of Kenya's 2017 presidential and
 parliamentary elections said on Wednesday that a lack of
 government cooperation meant they were unable to travel to
 the East African nation to present their final report on the
 vote.
                         
 
 
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