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African Markets - Factors to watch on Jan. 2

Published 02/01/2020, 07:12
Updated 02/01/2020, 07:18
African Markets - Factors to watch on Jan. 2
USD/KES
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USD/UGX
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The following company announcements, scheduled economic indicators, debt and currency market

moves and political events may affect African markets on Thursday.

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EVENTS:

*Jailed Tanzanian journalist to appear in court; 10 past

hearings were postponed

GLOBAL MARKETS

Asian shares kicked off the new decade higher on Thursday,

after global stocks ended the previous one at record highs,

and buoyed by Chinese markets after Beijing eased monetary

policy to support slowing growth. MKTS/GLOB

WORLD OIL PRICES

Oil prices kicked off the new year higher on Thursday as

warming trade relations between the United States and China

eased demand concerns, while rising tensions in the Middle

East fuelled worries about supply. 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 rose on Tuesday, holding on to gains

from previous sessions triggered by a global investor hunt

for high yields and optimism over a breakthrough in trade

standoff between China and the United States. MARKETS

The Kenyan shilling KES= held steady on Tuesday on the

back of inflows of hard currency from remittances by Kenyan

workers abroad, traders said. MARKETS

The Ugandan shilling UGX= was unchanged on Tuesday amid

some remittance flows from Ugandans working abroad and

commodity exporters. CORRUPTION

Angola has frozen the assets of Isabel dos Santos, the

billionaire daughter of the country's previous leader, in a

sign that President João Lourenço is taking a tougher line

against the former first family. BISSAU ELECTION

Former prime minister and ex-army general Umaro Cissoko

Embalo has won Guinea-Bissau's presidential vote, the

electoral commission said on Wednesday, but his opponent

complained of fraud and vowed to contest the result in

court. BLAST

As wounded men screaming for their mothers were brought into

a Mogadishu hospital after a huge truck bomb on Saturday,

doctors fought to save eight month-old Mohammed Hassan,

whose mother was already dead. 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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