African markets factors Nov. 30, 2017

0 Comment

NAIROBI, Nov 30 (Reuters) – The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Thursday.
– – – – –
* Uganda releases inflation

GLOBAL MARKETS
Asian shares fell on Thursday, weighed down by a plunge in
high-flying technology shares, a move that some see as a
healthy correction after a strong rally but others believe
may herald the peak of a “super cycle” that has been
boosting the sector.

WORLD OIL PRICES
Oil markets were cautious on Thursday ahead of an OPEC
meeting in Vienna, with producers set to debate an extension
of the supply-cut agreement that came into effect in January
with the goal of tightening supplies and propping up prices.

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 fell on Wednesday as investors took
profits on a rally sparked by the country avoiding a double
downgrade on its local currency debt and bets of a
business-friendly outcome to the ruling party’s leadership
battle.

KENYA CURRENCY
he Kenyan shilling KES= strengthened against the dollar on
Wednesday due to increased inflows from offshore investors
into the Nairobi Securities Exchange, traders
said.

KENYA INAUGURATION
Kenyan President Uhuru Kenyatta was sworn in for a second
term on Tuesday, shortly before riot police teargassed the
convoy of opposition leader Raila Odinga, who promised
supporters he would be sworn in himself on Dec. 12.

SOROS GUINEA
A U.S. judge on Wednesday put on hold a $10 billion lawsuit
against George Soros in which companies controlled by fellow
billionaire Beny Steinmetz claimed his campaign of
defamation cost them a lucrative iron ore deposit in Guinea.

EGYPT POLITICS
Former Egyptian Prime Minister Ahmed Shafiq, an ex-air force
pilot and former presidential candidate, said on Wednesday
he intended to run in the presidential election early next
year and would return to Cairo in the “coming days”.

LIBYA MIRGANTS
Europe and Africa have joint responsibility for making
migration more humane and orderly so they can end horrifying
abuses being committed against African migrants by people
smugglers, European Council President Donald Tusk said on
Wednesday.

ZAMBIA COPPER
Following the sharp rise in copper prices this year Zambia’s
state-controlled firm ZCCM Investments Holdings ZCCM.LZ
wants to increase its stakes in the country’s mines and also
expects higher dividend payments, its chief executive said
on Wednesday.