African Markets - Factors to watch on January 22

Reuters01-22
African Markets - Factors to watch on January 22

NAIROBI, Jan 22 (Reuters) - The following debt and currency market moves and political events may affect African markets on Thursday.

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GLOBAL MARKETS

The dollar was higher, gold softer and stocks on the rebound on Thursday after U.S. President Donald Trump dropped tariff threats and ruled out seizing Greenland from an ally by force.MKTS/GLOB nL1N3YN01F

WORLD OIL PRICES

Oil prices edged up on Thursday after the U.S. president stepped back from threats to impose tariffs in his effort to seize Greenland, reducing the risk of a U.S.–Europe trade war and supporting the global economy and oil demand.O/R nL1N3YN029

EMERGING MARKETS

For the top emerging markets news, double click on nTOPEMRG

AFRICA STOCKS

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

SOUTH AFRICA MARKETS

The South African rand firmed against the dollar in Wednesday's trading session as the country's markets shrugged off mixed domestic economic signals released by the statistics agency.nL1N3YM0HE

GUINEA-BISSAU HEALTH

A Trump-administration-funded study into the effects of hepatitis B vaccines on newborns in Guinea-Bissau is set to undergo further ethical review and has not been cancelled as previously reported, according to an official from Africa Centres for Disease Control and Prevention.nL6N3YK0ZM

NIGERIA SECURITY

At least eight Nigerian soldiers were killed and 50 wounded on when Islamist Boko Haram insurgents attacked a military formation in Borno State, security sources said on Wednesday.nL8N3YM227

WEST AFRICA OIL

West African crude oil differentials were stable ahead of three tenders planned by a major Indian buyer.nL8N3YM1ZG

ANGOLA CAR PRODUCTION

Angola's Opaia Group opened a car assembly plant in Luanda on Tuesday, marking the resumption of vehicle production in the country to try to cut reliance on imports and expand local manufacturing.nL8N3YM0S9

COCOA PRICES

World cocoa prices tumbled nearly 9% to fresh two years on Wednesday as the market grew increasingly spooked by worse-than-expected demand for chocolate and talk of rising stocks in top grower Ivory Coast.nL8N3YM0V1

SUDAN SECURITY

Drone strikes have intensified in and around al-Obeid in central Sudan as the country's devastating civil war closes in on the army-controlled city, causing significant civilian deaths in at least two cases, residents say.nL6N3YM0JH

ZIMBABWE MINING

Caledonia Mining Corporation CALq.L, CMCL.K on Wednesday said it raised $150 million via a seven-year convertible bond offering to fund its Bilboes project which, once operational, will be Zimbabwe's largest gold mine.nL8N3YK0GW

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; Editing by Rashmi Aich)

((nairobi.newsroom@thomsonreuters.com))

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