CTAs keep buying Treasuries, gold longs face stop-loss risk: BofA
NAIROBI, Dec 9 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Monday.
- - - - -
EVENTS:
UGANDA - The Bank of Uganda is due to announce its main
lending rate.
GLOBAL MARKETS
Asian stocks edged up on Monday, catching some of Wall
Street's momentum after surprisingly strong U.S. jobs data
although regional gains were capped by concerns about
China's economic slowdown due to the prolonged Sino-U.S.
trade war. MKTS/GLOB
WORLD OIL PRICES
Oil prices fell on Monday after data showing China's overall
exports of goods and services shrank for a fourth straight
month, sending shivers through a market already concerned
about damage being down to global demand by the Sino-U.S.
trade war. O/R
EMERGING MARKETS
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STOCKS
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SOUTH AFRICA MARKETS
South Africa's rand was barely changed in late trade on
Friday, with fresh optimism over Sino-U.S. trade talks
helping the currency to weather stronger employment numbers
from the United States. OIL
Lawyers for the Nigerian government filed "new and
substantive" allegations of fraud with a British court on
Friday, carrying on a fight against an arbitration award now
worth close to $10 billion, a spokesman for the attorney
general said. MARKETS
The Kenyan shilling KES= extended its recent gains on
Friday, supported by hard currency inflows from offshore
investors buying government debt amid tight local currency
liquidity conditions. POLITICS
Kenyan police arrested on Friday the Nairobi County
governor, known for his chunky gold jewellery and impromptu
raps, on corruption charges, a high profile move in the
government's much trumpeted anti-graft push. SECURITY
Kenyan police officers were among those killed when gunmen
suspected to be from Islamist militant group al Shabaab
attacked a bus on Friday near the border with Somalia,
President Uhuru Kenyatta's office said on
Saturday. REPUBLIC OF CONGO HEALTH
An Ebola survivor has fallen ill with the disease for a
second time in eastern Congo, the Congolese health
authorities said on Sunday, saying it was not yet clear if
it was a case of relapse or reinfection. ECONOMY
The IMF has approved a second tranche of a $247 million loan
to be paid to Angola under its Extended Fund Facility
following a review of the southern African oil producer's
progress under the program. For the latest precious metals report click on GOL/
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