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African Markets - Factors to watch on Jan. 25

ForexJan 25, 2019 00:10
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© Reuters. African Markets - Factors to watch on Jan. 25

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday.

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GLOBAL MARKETS Asian stocks rose across the board on Friday, buoyed by gains in U.S. technology shares while investors awaited several key events next week including U.S.-China trade talks. MKTS/GLOB

WORLD OIL PRICES Oil prices rose by more than one percent on Friday as turmoil in Venezuela triggered concerns that its oil exports could soon be disrupted. O/R

EMERGING MARKETS For the top emerging markets news, double click on STOCKS For the latest news on African stocks, click on .J

SOUTH AFRICA MARKETS South Africa's rand rose to a near one-week high against the dollar on Thursday as risk-taking crept back into markets, while a slump in mobile operator Vodacom's shares dragged the bourse lower. MARKETS The Kenyan shilling KES= gained against the dollar on Thursday supported by inflows from diaspora remittances and offshore investors buying government debt and stocks at the Nairobi Securities Exchange amid muted demand from oil importers, traders said. ELECTION The leading female candidate in Nigeria's presidential election said on Thursday she had withdrawn from the race weeks ahead of the poll to help build a coalition to provide a viable alternative to the country's two main parties. POLITICS Zimbabwe's army said on Thursday soldiers accused of beating residents in townships following protests over fuel price hikes were impostors who tarnished the name of the military. REPUBLIC OF CONGO ELECTION Opposition leader Felix Tshisekedi called for national reconciliation on Thursday as he became Democratic Republic of Congo's president, succeeding Joseph Kabila in Congo's first transfer of power via an election in 59 years of independence. TELECOMS Ugandan President Yoweri Museveni said telecom firm MTN Uganda needs to sell shares on the local stock exchange to facilitate domestic ownership of the company and ensure more of the money it earns stays in the country. the latest precious metals report click on GOL/

For the latest base metals report click on MET/L

For the latest crude oil report click on O/L

African Markets - Factors to watch on Jan. 25
 

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