#Africa #Markets – Factors to watch on Sept. 5

NAIROBI, Sept 5 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.

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NIGERIA – Q2 2017 GDP data expected.

SOUTH AFRICA – Q2 2017 GDP data expected.

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GLOBAL MARKETS
Asian shares were on the defensive on worries about North
Korea but expectations that Beijing will maintain support
for its economy ahead of a key congress supported Chinese
stocks and copper prices.

WORLD OIL PRICES
U.S. oil prices edged up on Tuesday as the gradual restart
of refineries in the Gulf of Mexico that were shut by
Hurricane Harvey raised demand for crude, their main
feedstock.

SOUTH AFRICA MARKETS
South Africa’s rand weakened slightly against the dollar on
Monday ahead of second-quarter GDP numbers and as safe-haven
assets gained after a nuclear test by North Korea; but
stocks were weaker.

KENYA ELECTIONS
Kenya’s election commission on Monday set Oct. 17 as the
date for a new vote ordered by the Supreme Court when it
annulled an August poll won by President Uhuru Kenyatta.

KENYA MARKETS
Kenya’s main share index of blue chip firms, the NSE-20
dropped 2 percent on Monday, extending its losses
after the Supreme Court unexpectedly annulled August’s
presidential election, forcing a re-run.

ANGOLA CRUDE
Angola’s sole liquefied natural gas (LNG) export facility
will begin delivering shipments to commodity trader Vitol
later this year under a deal announced on
Monday, a project spokeswoman said.

BURUNDI POLITICS
Burundian officials at the highest level should be held
accountable for crimes against humanity, and a list of
suspects has been drawn up, a U.N. Commission of Inquiry
said on Monday.

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ETHIOPIA – Inflation in August at 10.4% yy (prev 9.4%)

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