African Markets - Factors to watch on Dec 23

Reuters12-23 12:45
African Markets - Factors to watch on Dec 23

NAIROBI, Dec 23 - 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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EVENTS:

GLOBAL MARKETS

Asia shares rose alongside precious metals on Tuesday as momentum buying from investors extended ahead of the festive holidays, with an advanced reading on U.S. GDP expected later in the day. MKTS/GLOB nL1N3XT00W

WORLD OIL PRICES

Oil prices eased in early trade on Tuesday after rising more than 2% in the previous session as the U.S. said it might sell Venezuelan crude it has seized, while Ukraine's attacks on Russian vessels and piers heightened supply disruption fears.

O/RnL4N3XT00O

EMERGING MARKETS

For the top emerging markets news, double click on nTOPEMRG

AFRICA STOCKS

For the latest news on African stocks, click on .J

SOUTH AFRICA MARKETS

The South African rand gained against the U.S. dollar on Monday as prices of precious metals, a key export, rose on global markets. nL1N3XS067

WEST AFRICA OIL

West African crude oil differentials were stable ahead of the Christmas holiday and as traders await term allocations.nL8N3XS19K

NIGERIA OIL

African Export-Import Bank (Afreximbank) and Heirs Energies Ltd have signed a $750 million financing agreement to strengthen the energy firm's capital structure and fund its field development programme in Nigeria, the companies said on Monday.nL8N3XS0PZ

DEMOCRATIC REPUBLIC OF CONGO MINERALS

Democratic Republic of Congo has begun collecting samples in preparation for Chinese company CMOC's 603993.SS first cobalt shipment under a new quota system, expected to take place in the coming days, two government sources told Reuters.nL8N3XS0L1

IVORY COAST COCOA

Unseasonably heavy rainfall and hot weather last week across Ivory Coast's key cocoa-growing regions are expected to boost the size and quality of the October-to-March main crop, farmers said on Monday.nL8N3XS0RU

For the latest precious metals report click on GOL/ For the latest base metals report click on MET/L

For the latest crude oil report click on O/L

((Compiled by Nairobi Newsroom))

((Email: nairobi.newsroom@thomsonreuters.com; tel: ++254 20 499 1232))

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