#Africa #Markets – Factors to watch on Jan 5

NAIROBI, Jan 5 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.
– – – – –
EVENTS:
*NIGERIA – International Monetary Fund Managing Director
Christine Lagarde to meet President Muhammadu Buhari and
Finance Minister Kemi Adeosun during her visit to
Nigeria.

GLOBAL MARKETS
Asian share markets struggled to stabilise on Tuesday as
Chinese stocks bounced from a shaky start, offering hope
that Monday’s plunge was a flash in the
pan.

WORLD OIL PRICES
Oil prices edged up on Tuesday after a volatile session the
previous day, with the impact of tension in the Middle East
offset by worries over global economic growth.

SOUTH AFRICA MARKETS
South African stocks fell to a two-week low on Monday, the
first trading day of 2016, weighed down by renewed concerns
over Chinese economic growth and tensions in the Middle
East.

KENYA MARKETS
The Kenyan shilling was steady on Monday and traders
said they expected the currency to trade in a narrow range
in the coming days, with activity not expected to pick up
until next week when businesses fully reopen after the
festive break.

UGANDA CURRENCY
The Ugandan shilling fell on Monday amidst a surge in
demand for the greenback by commercial banks as business
activity resumes after the holidays.

ANGOLA CURRENCY
Angola’s kwanza tumbled more than 15 percent against
the dollar on Monday, central bank data showed, as Africa’s
second-largest oil exporter reels from weak global oil
prices and high demand for the more stable
dollar.

ZAMBIA POLITICS
Zambia’s new constitution on Monday set Aug. 11 as the date
for five-yearly presidential and parliamentary elections,
previously set by the president, lining up another close
vote after last year’s neck-and-neck race.

———-//

ETHIOPIA INFLATION
Unchanged at 10% yy in December.

———//

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