African Markets - Factors to watch on Dec. 4

(Updates with story on Tanzania growth)
NAIROBI, Dec 4 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Wednesday.
- - - - -
GLOBAL MARKETS
Asian shares extended their losses on Wednesday after U.S.
President Donald Trump said a trade deal with China might
have to wait until after the 2020 presidential election,
dashing hopes for a quick preliminary agreement.

WORLD OIL PRICES
Oil prices rose on Wednesday ahead of a meeting of OPEC and
its allies to discuss whether to extend production curbs to
support the market, while industry data showing that U.S.
crude stockpiles fell more than expected helped to lift
prices.

EMERGING MARKETS
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AFRICA STOCKS
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SOUTH AFRICA MARKETS
South Africa's rand fell sharply on Tuesday after third
quarter economic growth showed a surprise contraction,
underlying the weak state of the economy and growing risk of
credit downgrades.
KENYA MARKETS
The Kenyan shilling was under pressure on Tuesday
from merchandise importers buying dollars to ship in higher
volumes of goods ahead of the holiday season, traders said.

TANZANIA GDP
Tanzania's economy will grow 5.8% in 2020 compared with an
estimated 5.6% this year, and growth will rise to 6.1% in
2021, the World Bank said on Tuesday.
SOUTH SUDAN VIOLENCE
The United Nations has sent a contingent of peacekeepers to
an area of central South Sudan where about 80 people have
been killed in a bout of fighting between two ethnic
communities, the the U.N. and a local official said on
Tuesday.







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First Published: 2019-12-04 06:43:40
Updated 2019-12-04 07:04:07


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