The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Tuesday.
- - - - -
* BOTSWANA - The central Bank of Botswana auctions its
Most Asian shares barely moved on Tuesday as a holiday in
the U.S. overnight and a lack of catalysts kept many
investors on the sidelines.
WORLD OIL PRICES
Brent crude held steady above $117 per barrel on Tuesday
after settling down for the third straight session the
previous day, with traders looking ahead to Italy's upcoming
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SOUTH ARRICA MARKETS
* South Africa's rand weakened on Monday after a shooting at
an Anglo American Platinum mine sparked fears of
renewed labour unrest in Africa's biggest economy.
* South African stocks fell for a third straight session on
Monday lead by mining firms such as Anglo American Platinum
and Sibanye Gold.
* Nigeria's naira fell to its weakest against the
U.S dollar in almost nine weeks at the interbank market on
Monday on the back of strong dollar demand from importers,
Nigeria's economy is expected to grow at a speedy 6.75
percent this year, driven by progress in agriculture,
banking and oil, while high inflation rates should ease
slightly, data showed on Monday.
An Islamist group linked to al Qaeda claimed responsibility
on Monday for kidnapping seven foreigners in an attack in a
remote Nigerian town at the weekend, when raiders used
explosives to blast their way into a housing compound in a
hail of gunfire.
Kenyan stocks fell for the third day running on Monday,
dragged lower by local investors who dumped shares in East
African Breweries after it said interest payments
had eaten into its profits.
ZIMBABWE PRIVATE EQUITY
Standard Chartered's private equity arm is looking
for more deals in Zimbabwe, a senior executive told Reuters
on Monday, betting on a rise in consumer spending after
years of hyperinflation.
The Ugandan shilling lost 0.8 percent against dollar
on Monday, weighed down by strong demand for the U.S.
currency from importers and banks.
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((Compiled by Nairobi Newsroom))
Keywords: AFRICA FACTORS/
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