African Markets – Factors to watch on Jan. 24 By Reuters


© Reuters. African Markets – Factors to watch on Jan. 24

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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GLOBAL MARKETS Asian shares were subdued on Thursday as political uncertainty in the United States and worries about weakening global economic growth left investors wary of riskier assets. MKTS/GLOB

WORLD OIL PRICES Oil prices declined on Thursday amid lingering concerns over slowing global economic growth that may limit fuel demand and after a surprise build in inventories. 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 The South African rand rallied against a weaker dollar on Wednesday as top trading partner China pledged more fiscal spending to support its own slowing economy. MARKETS The Kenyan shilling firmed against the dollar on Wednesday amid tightening liquidity in the local money market and inflows from diaspora remittances subduing merchant importer demand, traders said. EUROBONDS Kenya is discussing issuing a Eurobond to help fund the 2018-2019 budget deficit, the finance ministry said on Wednesday, with a banking source valuing it at $2.5 billion, to be issued in dollars or euros. POLITICS Soldiers beat people overnight on the streets of Zimbabwe’s capital and its second city, Bulawayo, residents said, hours after President Emmerson Mnangagwa promised to investigate a security service crackdown on anti-government protesters. REPUBLIC OF CONGO ELECTION Democratic Republic of Congo’s outgoing President Joseph Kabila said he would hand over power on Thursday “without regret” and called on Congolese to support his successor, Felix Tshisekedi. COFFEE An Ugandan company has started using blockchain, the technology behind virtual currency , to certify shipments of coffee to try to meet growing demand from consumers for more information about where products have come from. 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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