African markets factors Jan. 9 2018

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The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Tuesday.
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 GLOBAL MARKETS
 Asian shares edged higher on Tuesday, approaching record
 highs, while the yen stole the currency spotlight and jumped
 after the Bank of Japan's slight reduction to its bond
 purchases reminded investors that it will eventually
 normalise policy.
            
 
 WORLD OIL PRICES
 U.S. oil prices hit their highest since 2015 again on
 Tuesday as speculators bet on further price rises amid
 OPEC-led production cuts and a dip in American drilling
 activity, though some warned the rally could run out of
 steam.    
 
 SOUTH AFRICA MARKETS
 South Africa's rand weakened more than one percent on
 Monday, succumbing to a resurgent dollar and some
 profit-taking after seven weeks of gains sparked by
 leadership changes in the ruling party and a rally in global
 commodity prices.
             
 
 NIGERIA MARKETS
 Nigerian stocks rose 1.5 percent to a four-week high above
 39,000 points on Monday, lifted by gains across banking, oil
 and consumer sectors.