African markets factors Oct 17, 2017

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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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EVENTS:
NIGERIA – Expecting inflation data for September from the
statistics office. The rate slowed for a seventh month in
August to 16.01 percent.

GLOBAL MARKETS
Oil prices clung to this month’s high on Tuesday after Iraqi
forces seized the oil-rich city of Kirkuk from largely
autonomous Kurdish fighters while Asian shares held firm on
optimism about upcoming earnings.

WORLD OIL PRICES
A risk premium has returned to oil markets with a vengeance,
boosting global price benchmarks as escalating fighting in
Iraq threatens supplies while political tensions loom
between the United States and Iran.

EMERGING MARKETS
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AFRICA STOCKS
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SOUTH AFRICA MARKETS
A risk premium has returned to oil markets with a vengeance,
boosting global price benchmarks as escalating fighting in
Iraq threatens supplies while political tensions loom
between the United States and Iran.

KENYA MARKETS
The Kenyan shilling KES= was steady against the dollar on
Monday in spite of political uncertainty and demand from
importers with central bank intervention likely to buffer
any volatility, traders said.

ZAMBIA IMF
Zambia and the International Monetary Fund have agreed to
chart a new path towards debt sustainability after the IMF
said Africa’s No.2 copper producer was at high risk of debt
distress, the ministry of finance said in a statement on
Monday.

ZIMBABWE INFLATION
Zimbabwe’s consumer price inflation quickened to 0.78
percent year-on-year in September compared to 0.14 percent
in August, data from the national statistics agency showed
on Monday.

SOMALIA EXPLOSION
More than 300 people were killed by twin bomb explosions in
Mogadishu, an official said on Monday, as locals packed
hospitals in search of friends and relatives caught by
Somalia’s deadliest attack in a decade.