Gold bars to be exempt from tariffs, White House clarifies
The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Tuesday.
- - - - -
EVENTS:
*Kenya is due to release quarter three GDP growth figures,
latest inflation numbers
*Uganda's statistics office releases inflation data
GLOBAL MARKETS
Asian shares slipped on the last trading day of the decade,
echoing falls on Wall Street, as investors locked in gains
made since the United States and China reached a preliminary
trade deal earlier this month. MKTS/GLOB
WORLD OIL PRICES
Oil prices edged lower on the final day of the year on
Tuesday, but were on track for their biggest annual rise
since 2016, supported by a thaw in U.S.-China trade dispute
and ongoing supply cuts. 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 slipped back from a five-month high in
thin trade on Monday, while shares in telecoms firm MTN
MTNJ.J fell after the company was named in a complaint
lodged in a U.S. court. MARKETS
The Kenyan shilling KES= was under pressure on Monday due
to oil and merchandise importers buying dollars to meet
end-month obligations, traders said. BLAST
Islamist group al Shabaab on Monday claimed responsibility
for a bomb blast in Mogadishu that killed at least 90 people
over the weekend while Somalia said a foreign government
that it did not identify helped plan the attack. COAST COCOA
There was no rain last week in most of Ivory Coast's
cocoa-growing regions, but late and mild Harmattan winds
this year have boosted expectations of strong harvests
during the first two months of 2020, farmers said on
Monday. MARKETS
The Ugandan shilling UGX= was stable on Monday on the back
of flat appetite for dollar from both players in the
interbank market and merchandise importers. DEBT
Uganda said it plans to borrow 6.9 trillion shillings ($1.89
billion) from external lenders in the 2020/2021 (July-June)
fiscal year to partly finance its budget, which could come
under pressure as veteran leader Yoweri Museveni seeks
re-election. SECURITY
Islamist militants have killed 18 people in an attack on a
village in eastern Congo, a regional official and a local
human rights group said on Monday, the latest in a 60-day
counter-offensive that has killed nearly 200
civilians. BISSAU ELECTION
Former army general and ex-Prime Minister Umaro Cissoko
Embalo said on Monday he was on course to win Guinea
Bissau's presidential election and his opponent urged the
nation to await official results. 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