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African Markets - Factors to watch on Dec. 18

Published 18/12/2019, 06:44
© Reuters.  African Markets - Factors to watch on Dec. 18

NAIROBI, Dec 18 (Reuters) - The following company

announcements, scheduled economic indicators, debt and currency

market moves and political events may affect African markets on

Wednesday.

- - - - -

GLOBAL MARKETS

Asian stocks camped out at 18-month peaks on Wednesday

having climbed for five straight sessions, while the British

pound was licking fresh wounds as revived Brexit fears came

back to haunt it. MKTS/GLOB

WORLD OIL PRICES

Oil retreated on Wednesday after rising more than 1% in the

previous session as U.S. industry data showed a surprise

build in crude stocks, but hopes for firmer demand next year

checked a deeper fall in prices. 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 weakened on Tuesday as the previous

week's gains gave way to some profit-taking and fears about

Britain's exit from the European Union

resurfaced. POLITICS

South Sudan's President Salva Kiir and former rebel leader

Riek Machar have agreed to form a transitional unity

government even if they fail to resolve all their

differences before a new deadline, the two leaders said on

Tuesday. POLITICS

Rahmat Hussein once inspired fear and respect for the

watchful eye she cast over her Ethiopian neighbourhood,

keeping files on residents and recommending who should get a

loan or be arrested. Now she is mocked and ignored.

BUDGET

Nigeria's President Muhammadu Buhari approved a record 10.59

trillion naira ($34.6 billion) budget for 2020 on Tuesday,

marking the leader's first spending plan not beset by major

delays. CHANGE SAFRICA

South Africa's energy minister vowed on Tuesday to keep

burning coal to generate electricity, even as the

continent's biggest greenhouse gas emitter adopts more

renewable energy sources to meet its commitments on tackling

climate change. For 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

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