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African Markets - Factors to watch on January 21

Published 21/01/2020, 05:45
© Reuters.  African Markets - Factors to watch on January 21
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NAIROBI, Jan 21 (Reuters) - 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 took a sudden lurch lower on Tuesday as

mounting concerns about a new strain of pneumonia in China

sent a ripple of risk aversion through markets.

MKTS/GLOB

WORLD OIL PRICES

Oil prices eased on Tuesday as investors appeared to shrug

off earlier supply concerns following a force majeure

declared by Libya on two major oilfields amid a military

blockade. 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 fell to a five-week low against the

dollar on Monday as domestic woes hurt the currency's carry

yield attraction and stocks ended a six-session winning

streak. KENYA MARKETS

The Kenyan shilling KES= was firm on Monday supported by

inflows from the agricultural sector and offshore investors

buying stocks and government debt, traders said.

INVESTMENT

UK government-owned finance agency the CDC Group has signed

$400 million worth of African investment deals, part of a

wider drive by Britain to develop new trade ties as it

prepares to leave the European Union. IVORY COAST COCOA

Light showers in some of Ivory Coast's cocoa regions last

week are likely to have boosted the April-to-September

mid-crop, while heavier rain is needed elsewhere, farmers

told Reuters on Monday.

NIGERIA OIL

London-listed Savannah Petroleum's SAVP.L told Reuters on

Monday it would consider oil and gas acquisitions in Nigeria

opportunistically, calling a purchase completed late last

year the starting kit for further expansion. 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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