#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.


NIGERIA – Q2 2017 GDP data expected.

SOUTH AFRICA – Q2 2017 GDP data expected.


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.

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

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’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’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’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.

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.


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


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.