African Markets - Factors to watch on Feb 6

Wed Feb 6, 2013 5:55am GMT

Related Topics

Quotes

   

NAIROBI, Feb 6 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Wednesday.
    - - - - -
 EVENTS:
 SEYCHELLES - Consumer Price Index             . Seychelles releases January
 consumer price data. Year-on-year inflation in Seychelles fell for the
 sixth straight month in December to 5.8 percent from 6.2 percent a month
 earlier.  
 
 UGANDA - Bank of Uganda auctions 91-day, 182-day and 364-day Treasury bills
 worth a total 100 billion shillings ($37.66 million).
 
 KENYA - Central Bank of Kenya auctions 182-day Treasury bills worth 2.5
 billion shillings ($28.54 million).
 
 GLOBAL MARKETS
 Asian shares recovered on Wednesday as solid euro zone data calmed nerves
 jarred by potential political turmoil in Spain and Italy, while the
 prospect of a dovish new governor for the Bank of Japan dragged the yen to
 a new low.                
 
 WORLD OIL PRICES
 Brent crude futures held above $116 per barrel on Wednesday after positive
 economic data from the United States and Europe bolstered the view that the
 global economy is on the mend.                
 
 MALI CRISIS
 Pro-autonomy Tuareg rebels in Mali said on Tuesday they had occupied the
 town of Menaka, extending their control of the remote northeast as they
 position for talks with the government after the retreat of al Qaeda-linked
 insurgents.                
     
 EMERGING MARKETS
 For the top emerging markets news, double click on            
 
 AFRICA STOCKS
 For the latest news on African stocks, click on     
 
 AFRICA PRIVATE EQUITY    
 Private equity funds completed $1.16 billion worth of deals in sub-Saharan
 Africa in 2012, a near 10 percent increase from the previous year, a survey
 showed on Tuesday.                
 
 ADDAX INVESTS IN AFRICA    
 Switzerland's Addax & Oryx Group (AOG) plans to invest $400 million in
 Africa's energy sector over the next five years and to become the top
 downstream firm in the region, its Chief Executive Jean Claude Gandur said.
                    
 
 SOUTH AFRICA MARKETS
 South African stocks ended a touch higher on Tuesday with retailers among
 the top gainers after an upbeat broker comment, while a guarded recovery in
 major overseas equity markets added to the positive sentiment.     
    South Africa's rand rose against the dollar on Tuesday, buoyed by
 slightly improved local unemployment data and a rally in European
 markets.       
 
 NIGERIA MARKETS
 * Nigeria's share index              extends a week long rally to break
 through a psychological support level of 33,000 points, lifted by bargain
 hunting in banking and insurance stocks.                
 
 NIGERIA BOND  
 The World Bank's private sector arm, IFC, issued 12 billion naira ($75
 million) worth of its debut Nigerian local currency bond on Tuesday with a
 yield of 10.2 percent.                
 
 NIGERIA OIL 
 Gunmen ambushed an Indian-owned oil barge on Tuesday as it was being
 escorted by the military through Nigeria's Niger Delta region, killing two
 soldiers and one crew member on the ship, a security forces spokesman said.
                
 
 KENYA MARKETS
 Kenyan shares rose for the fifth straight session on Tuesday as investors
 bet on strong results when the company earnings season kicks off next week,
 while the shilling slipped.                
 
 UGANDA MARKETS
 The Ugandan shilling        firmed as much as 0.5 percent against the
 dollar on Tuesday as banks sold dollars amid weak corporate demand for
 them, traders said.                
 
 GHANA STOCKS    
 Shares in CAL Bank          rise for the third straight session up 3.5
 percent after recent strong full-year earnings results that saw a tripling
 of its net profit for 2012, traders said.                
 
 ZAMBIA 
 Zambia will be careful not to fall back into unsustainable levels of debt
 as state-owned firms look to borrow from international markets to invest in
 infrastructure projects,  deputy finance minister Miles Sampa said on
 Tuesday.                
 
 SOUTH SUDAN
 South Sudan's inflation rate accelerated to 35 percent in January as food
 prices surged, data showed on Tuesday, highlighting the need for a deal
 with Sudan to restart cross-border oil flows.                
 
 GUINEA    
 Guinea's review of all mining contracts will include an effort to integrate
 a 2011 settlement struck with global miner Rio Tinto         with an
 original agreement signed with the company, Mines Minister Mohamed Lamine
 Fofana said on Monday.                  
 
     For the latest precious metals report click on        
     For the latest base metals report click on         
     For the latest crude oil report click on
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.