#Africa #Markets – Factors to watch on July 31

NAIROBI, July 31 (Reuters) – The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Monday.
– – – – –
EVENTS:
*UGANDA and KENYA – Statistics offices expected to release
July consumer price index data.

——-//

SOUTH AFRICA – M3 & PSCE data for June expected.

——-//

GLOBAL MARKETS
Asian shares turned positive after solid Chinese data on
Monday following a lacklustre start, while the dollar edged
up but remained capped by U.S. political uncertainty.

GLOBAL OIL
Oil prices hit a two-month high on Monday, lifted by a
tightening U.S. crude market and the threat of sanctions
against OPEC-member Venezuela.

SOUTH AFRICA MARKETS
South Africa’s rand weakened on Friday, faltering in the face
of technical barriers and political worries after an
executive at the power utility Eskom was suspended pending an
investigation into graft allegations.

KENYA MARKETS
The Kenyan shilling was broadly stable against the
dollar on Friday but was expected to weaken due to a slight
rise in demand from oil importers, traders said.

KENYA VIOLENCE
A gunman and a police officer were killed in an attack on the
home of Kenya’s deputy president in the western town of
Eldoret, a senior administrator said on Sunday, just over a
week before a national election.

NIGERIA INSURGENCY
Nigeria has scaled up its military response to the Boko Haram
insurgency and will secure the northeast, the acting
president’s spokesman said on Sunday, adding that the search
for oil workers abducted by suspected members of the jihadist
group will go on.

NIGERIA TELECOMS
Nigeria’s Senate has withdrawn a report that largely
exonerated South African mobile phone giant MTN of
accusations of illegally repatriating $14 billion and that
rebuked the Nigerian central bank for regulatory failures.

TANZANIA MINING
Tanzania is not targeting foreign employees of Acacia Mining
Plc, the immigration department said, adding that
the temporary detainment of one the London-listed miner’s
senior staff was part of wider checks in an immigration
crackdown.

——–//

ZAMBIA – Inflation in July at 6.6% yy (prev 6.8%).

——-//

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.