UPDATE 1-African Markets - Factors to watch on Dec. 5

Published 05/12/2019, 05:39
Updated 05/12/2019, 05:46
© Reuters.  UPDATE 1-African Markets - Factors to watch on Dec. 5

NAIROBI, Dec 5 (Reuters) - The following company announcements, scheduled economic

indicators, debt and currency market moves and political events may affect African markets on

Thursday.

- - - - -

GLOBAL MARKETS

Asian stocks edged up on Thursday on signs the United States

and China were on track for a preliminary trade deal, though

optimism was tempered by the almost daily shifts in

prospects for defusing the damaging tariff war now in its

second year. MKTS/GLOB

WORLD OIL PRICES

Oil prices edged lower in muted trading on Thursday ahead of

the start of OPEC meetings later in the day, steadying after

the previous session's steep gains on a sharp drop in U.S.

crude inventories and expectations of more output cuts.

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 clawed back some lost ground on

Wednesday with renewed optimism that China and the United

States would strike a trade deal outweighing a surprise

third-quarter contraction in the local economy.

KENYA MARKETS

The Kenyan shilling KES= strengthened against the dollar

on Wednesday supported by tight liquidity conditions in the

local money market and inflows from offshore investors

buying stocks and government debt, traders said.

KENYA ECONOMY

Activity levels in Kenya's private sector were unchanged in

November, as increased sales during a period of good weather

helped boost output while growth in new orders slowed, a

survey showed on Wednesday. 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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