African Markets - Factors to watch on Jan 2

Thu, 02 Jan - 3:10pm
    NAIROBI, Jan 2 (Reuters) - The following company announcements, scheduled economic 
indicators, debt and currency market moves and political events may affect African markets on 
Thursday. 
    - - - - - 
 EVENTS: 
 *KENYA - Central Bank of Kenya auctions 91-day, 182-day and 
 364-day Treasury bills worth a total 9 billion shillings. 
  
 GLOBAL MARKETS 
 Asian share markets endured mixed fortunes on Monday in the 
 wake of disappointing data on Chinese manufacturing, while 
 investors showed renewed appetite for commodities as the new 
 year got underway.   
  MKTS/GLOB  
  
 WORLD OIL PRICES 
 Brent crude edged up to $111 a barrel on Thursday on a drop 
 in U.S. inventories and output cuts in Libya and South 
 Sudan, but a weaker Chinese economy may hold back further 
 gains.    
  O/R  
  
 EMERGING MARKETS 
 For the top emerging markets news, double click on 
  urn:newsml:reuters.com:*:nTOPEMRG   
  
 AFRICA STOCKS 
 For the latest news on African stocks, click on  .J  
  
 SOUTH AFRICA MARKETS 
 South Africa's rand fell as much as 1.4 percent against the 
 dollar on Tuesday and was on track for one of the steepest 
 global losses for 2013, after a year in which labour strife 
 weighed on investor sentiment.   
     South Africa's benchmark Top-40 stock index rose to a 
 record high on Tuesday to close out 2013 with a 19 percent 
 annual gain, helped by monetary stimulus that has boosted 
 appetite for emerging market assets across the 
 globe.   
  
 NIGERIA MARKETS 
 The Nigeria Stock Exchange index   , the country's 
 main index, ended the year 47 percent up on the close of 
 last year, rising 2 percent on the day to 41,329 points, 
 traders said on Tuesday.   
  
 NIGERIA FOREX RESERVES 
 Nigeria forex reserves    fell 2 percent 
 month-on-month to $43.82 billion at the close of business on 
 Dec. 30, central bank data showed on Tuesday, but they ended 
 the year down a marginal 0.8 percent on last year's close of 
 $44.17 billion.    
  
 SOUTH SUDAN UNREST 
 South Sudanese President Salva Kiir declared a state of 
 emergency in two states on Wednesday as his negotiators 
 prepared for peace talks with rebels to end more than two 
 weeks of violence that has pushed the country towards civil 
 war.   
  
 KENYA MARKETS 
 Kenya's main share index rose on Tuesday to record a 19.2 
 percent gain for 2013, helped by east Africa's biggest 
 telecoms operator, Safaricom   , which doubled in 
 price during the year.   
  
 KENYA MINING 
 Australian miner Base Resources    expects to start 
 exporting titanium from Kenya's biggest mine in February, 
 the company said on Wednesday, opening up a lucrative 
 revenue source after years of delays.           
  
 TANZANIA ECONOMY 
 Tanzania's economy grew 7.1 percent in 2013 as output in 
 communications, financial services and manufacturing rose, 
 while inflation almost halved, President Jakaya Kikwete 
 said, forecasting further improvements this year. 
    
  
 TANZANIA FINANCE MINISTER 
 Tanzania's finance minister died on Wednesday at a hospital 
 in South Africa after a long illness, officials said. 
    
  
 UGANDA ECONOMY 
 Uganda's economic growth should accelerate to about 6.2 
 percent in the 2013/2014 financial year, helped by greater 
 electricity supply, President Yoweri Museveni said in his 
 annual New Year message.   
  
 BURUNDI BUDGET 
 Burundi plans to increase state spending by 2.5 percent to 
 1.4 trillion francs ($910 million) in 2014 to fund 
 agriculture, energy and infrastructure projects, the finance 
 ministry said in a report seen by Reuters on 
 Tuesday.   
  
     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   
  ((Compiled by Nairobi Newsroom)) 
  ((Email: nairobi.newsroom@reuters.com; tel: +254 20 221 4608)) 
 
 
Keywords: AFRICA FACTORS/ 
     
URN: 
urn:newsml:reuters.com:20140102:nL6N0K10C2:6
Topics: 
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