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Published On: Mon, Dec 1st, 2014

African Markets – Factors to watch on Dec 1

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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
 Gold prices tumbled on Monday after Swiss voters
 overwhelmingly rejected proposals to boost gold reserves in
 a referendum, joining the broad rout in commodities that
 sent oil prices to five-year lows and copper to four-year
 lows.
            
 
 WORLD OIL PRICES
 U.S. crude fell more than $2 to a five-year low in Asian
 trade on Monday, while Brent futures touched a fresh
 four-year low, extending a steep sell-off after OPEC decided
 not to cut production last week, keeping markets well
 supplied.
      
 
 EMERGING MARKETS
 For the top emerging markets news, double click on
            
 
 AFRICA STOCKS
 For the latest news on African stocks, click on     
 
 AFRICA DEBT
 Yields on Kenya's Treasury bills are expected to hold
 steady. Nigerian bond yields are seen falling.
                
 
 AFRICAN BOURSES
 African stock exchanges should lower transaction costs and
 encourage new listings if they want to become more
 attractive vehicles for raising capital and lure new
 investment.
                
 
 SOUTH AFRICA MARKETS
 South Africa's rand fell to a week's low against the dollar
 on Friday, losing ground after the trade deficit widened
 sharply in October.
                
 
 NIGERIA MARKETS
 Nigeria's naira fell 2.5 percent on Friday, despite central
 bank intervention, and it briefly touched a record low on
 concerns OPEC's decision not to cut oil output would put
 further pressure on Nigeria's shaky finances.
                
 
 NIGERIA ATTACK
 Gunmen set off three bombs and opened fire on worshippers at
 the main mosque in north Nigeria's biggest city Kano on
 Friday, killing at least 81 people, witnesses and officials
 said, in an attack that bore the hallmarks of Islamist Boko
 Haram militants.
                    
 
 KENYA MARKETS
 The Kenyan shilling        was steady on Friday, and traders
 said that with dollar demand scant and currency inflows
 lacking, they expected the currency to hold in a tight
 range.
                
 * Inflation fell to 6.09 percent in November.
 
 UGANDA GDP
 Uganda said its gross domestic product has expanded by 13
 percent after it rebased its calculation to incorporate new
 sectors in the economy.
                
 * Inflation rose to 2.1 percent in November.
 
 ETHIOPIA EUROBOND
 Ethiopia is sounding out investors about a plan to issue a
 debut dollar bond. The demand for such frontier-market debt
 will be a good gauge of just how adventurous asset managers
 have become in their quest for yield.Reuters
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