#Africa #Markets – Factors to watch on Dec. 29

(REUTERS) The following company announcements, scheduled economic indicators, debt and currency market moves and political events may
affect African markets on Tuesday.
– – – – –
EVENTS:
BURKINA FASO – Roch March Christian Kabore to be officially
inaugurated as president.

GLOBAL MARKETS
Asian stocks poked into positive territory on Tuesday,
shrugging off early losses as Chinese shares stabilised a
day after marking their biggest loss in a month and crude
prices took back some lost ground.

WORLD OIL PRICES
Crude oil prices remained under pressure on Tuesday as fears
of slowing demand added to worries over near-record global
production levels that have slashed prices by two-thirds
since the middle of last year.

SOUTH AFRICA MARKETS
South African stocks followed European and Asian markets
lower on Monday, snapping a week of gains after a long
weekend break on renewed concerns about Chinese growth and
finances.

NIGERIA ATTACKS
At least 48 people were killed in suicide attacks and
bombings on Monday in two cities in northern Nigeria where
the jihadist Boko Haram group is waging a six-year campaign
to create an Islamic state, officials and residents said.

KENYA MARKETS
The shilling closed at 102.15/35 per dollar, inching
up from its closing rate of 102.25/35 on Christmas eve.

UGANDA MARKETS
The Ugandan shilling UGX= weakened on Monday, undermined by
heavy demand from commercial banks and the central bank at a
time when hard currency inflows were thin.

BURUNDI CONFLICT
Burundi’s government and opposition kicked off peace talks
on Monday, though one senior member of the state delegation
almost immediately threatened to pull out if he saw
participants in a failed coup on the other side of the
table.

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