African Markets - Factors to watch on Sept 5 - Reuters

September 5, 2016
NAIROBI, Sept 5 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.

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GLOBAL MARKETS
Asian shares rose on Monday after a weaker-than-expected U.S. jobs report prompted investors to trim expectations that the Federal Reserve would hike interest rates as early as this month.

WORLD OIL PRICES
Crude prices inched down on Monday, paring 3 percent gains in the previous session, as the dollar firmed and traders eyed persistent concerns over a global oil glut despite some signs oil producers may try to tackle weak oil prices.

EMERGING MARKETS
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AFRICA STOCKS
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SOUTH AFRICA MARKETS
South African markets rose across the board on Friday, after weaker than expected U.S. jobs data reduced prospects of an imminent rate hike in the world's largest economy, sending investors on the hunt for high-yielding but riskier assets.

NIGERIA OIL
Militant attacks on energy facilities in Nigeria's southern Niger Delta threaten to cripple the country's state oil company if allowed to go unchecked, it said on Sunday.

GABON POLLS
Tension eased in Gabon's capital on Saturday after days of deadly rioting triggered by an announcement that President Ali Bongo narrowly won re-election in a vote the opposition said was stolen.

ZIMBABWE POLITICS
Zimbabwean President Robert Mugabe has accused court judges of being reckless in allowing anti-government demonstrations that later turned violent, state media reported on Sunday, a day before a legal challenge to last week's official ban on protests.

MALI SECURITY
Mali's President Ibrahim Boubacar Keita has fired Defence Minister Tieman Hubert Coulibaly after suspected Islamist militants briefly seized the village of Boni in the centre of the country on Friday, state television said late on Saturday.

KENYA MARKETS
The Kenyan shilling KES= held steady on Friday and was seen strengthening due to dollar inflows from the horticulture and tourism sectors, traders said.

SOUTH SUDAN SECURITY
The government of South Sudan agreed on Sunday to accept 4,000 extra peacekeepers in a bid to avoid an arms embargo threatened by the United Nations Security Council, but said the details of the deployment were still being discussed.

ZAMBIA POLITICS

Zambia's government will proceed with plans to inaugurate President Edgar Lungu as the Constitutional Court's extension beyond a 14-day deadline of the opposition's legal challenge to the vote is illegal, a government source said on Sunday.

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Steven Rich
Sep 17, 2018:
Well done
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