African Markets – Factors to watch on Dec 1 – Reuters

NAIROBI, Dec 1 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Thursday.
    - - - - -
 EVENTS:
 SOUTH AFRICA - Trade and Industry Department due to release
 monthly new vehicle sales data for November.
 
 GLOBAL MARKETS:
 Oil prices, and energy shares swept higher on Thursday after
 OPEC agreed to cut crude output to clear a glut, while the
 dollar and bond yields rose sharply on prospects that
 resulting inflationary pressures will lead to higher
 interest rates.                           
 
 WORLD OIL PRICES
 Oil shot up over 10 percent after producer club OPEC and
 Russia cut a deal to reduce output to drain a global supply
 glut, but analysts warned prices could recede this month,
 while other producers stand ready to fill the gap in the
 longer term.                       
 
 EMERGING MARKETS
 For the top emerging markets news, double click on
            
 
 AFRICA STOCKS
 For the latest news on African stocks, click on     
 
 SOUTH AFRICA MARKETS
 South Africa's rand weakened on Wednesday as traders treaded
 cautiously ahead of major data releases late this week, with
 Standard & Poor's the last of three main rating agencies to
 decide on the country's debt.               
 
 NIGERIA RESERVES
 Nigeria's official foreign exchange reserves stood at $24.69
 bln on Nov. 28, central bank data showed on Wednesday, the
 first monthly rise in 15 months.               
 
 ZIMBABWE CURRENCY    
 Zimbabwean riot police used water cannon on Wednesday to
 scatter 20 activists protesting at the introduction of "bond
 notes", a new domestic currency they say could touch off
 uncontrolled money printing and a return to hyperinflation.
                 
 
 MAURITIUS BONDS   
 The Stock Exchange of Mauritius will get its first listing
 of a "masala" bond - international corporate bonds
 denominated in Indian rupees - in the next two weeks, paving
 the way for additional products, its chief executive said.  
                
 
 KENYA MARKETS
 The Kenyan shilling        was steady on Wednesday with the
 usual end-of-month corporate demand for dollars relatively
 subdued.                
 
 KENYA BOURSE 
 Kenya's Nairobi Securities Exchange          expects its
 first exchange traded fund (ETF) to be approved by the
 regulator this year and trading to start soon after.
             
 
 KENYA INFLATION
 Kenya's inflation rate             edged up to 6.68 pct
 year-on-year in November from 6.47 per cent in October, the
 statistics office said on Monday.              
 
 UGANDA INFLATION
 Uganda's year-on-year headline inflation              rose
 to 4.6 percent in November from 4.1 percent last month,
 pushed higher by a surge in fruit prices, the statistics
 office said on Wednesday.