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African Markets - Factors to watch on Jan. 3

Published 03/01/2020, 06:44
Updated 03/01/2020, 06:45
© Reuters.  African Markets - Factors to watch on Jan. 3
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 Friday.

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GLOBAL MARKETS

Asian shares fell on Friday, erasing early gains, while oil

prices spiked after U.S. air strikes in Iraq killed a top

Iranian commander, heightening geopolitical

tensions. MKTS/GLOB

WORLD OIL PRICES

Oil prices jumped more than $1 on Friday after a U.S. air

strike killed key Iranian and Iraqi military personnel,

raising concerns that escalating Middle East tensions may

disrupt oil supplies. 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 lost ground on Thursday as the U.S.

dollar recovered on global markets, while local stocks were

boosted by looser policy from China's central bank and

optimism over a U.S.-China trade deal. GOLF

A steady "thwack" rings out at the driving range just

outside Nigeria's capital Abuja. A girl clad in pink shoes,

pink skirt and pink vest wields a club with a power that

belies her slight frame, grimacing at poor shots and smiling

happily at others. VIOLENCE

Armed assailants on Thursday killed three people and injured

two others in Kenya's Lamu county, a coastal region near the

border with Somalia, police said. CURRENCIES

Kenya's shilling is expected to strengthen in the coming

week, while the Tanzanian and Ugandan currencies are seen

stable and Zambia's kwacha is likely to remain under

pressure, currency traders told Reuters. POLITICS

Ethiopia's parliament on Thursday passed an anti-terrorism

law that relaxed restrictions on political gatherings,

broadening reforms introduced under Prime Minister Abiy

Ahmed. MARKETS

The Ugandan shilling UGX= was stable on Thursday amid thin

demand caused by dull economic activity as people returned

to work after the holidays. L8N29712U

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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