African Markets – Factors to watch on Jan 12 – Reuters

NAIROBI, Jan 12 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Thursday.
    - - - - -
 EVENTS:
 *KENYA - The central bank auctions 91-day Treasury bills
 worth a total 4 billion shillings.
 *NIGERIA - The stock exchange to present its market outlook
 for 2017.
 
 GLOBAL MARKETS
 The U.S. dollar nursed widespread losses on Thursday after
 President-elect Donald Trump's long-awaited news briefing
 provided scant clarity on future fiscal policies,
 disappointing bulls wagering on major
 stimulus.                       
 
 WORLD OIL PRICES
 Oil prices dipped on Thursday on the back of rising U.S.
 crude inventories and plentiful supplies, despite emerging
 output cuts from OPEC and other producers.                 
 
 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 dropped to a two-week low against the
 dollar on Wednesday as emerging market currencies were
 pressured by concerns Turkey's central bank won't be able to
 stem the lira's decline.            
 
 NIGERIA MARKETS
 Nigeria plans to auction 130 billion naira ($426 million) in
 local currency-denominated bonds on Jan. 18, its first debt
 sale this year, the Debt Management Office said on
 Wednesday.            
 
 NIGERIA FOREIGN EXCHANGE RESERVES
 Nigeria's foreign exchange reserves rose 6.28 percent to
 $26.55 billion by Jan. 9 from a month ago, climbing to the
 highest level since May, central bank data showed on
 Wednesday.            
 
 NIGERIA PETROLEUM
 A Nigerian oil labour union has suspended a nationwide
 three-day strike over job losses that hit petrol stations and
 oil tankers, following talks with the government on
 Wednesday.            
 
 KENYA MARKETS
 Kenya's shilling        was steady on Wednesday and traders
 said they expected it to weaken due to importer dollar
 demand, especially from oil companies, and due to a generally
 stronger U.S. currency on global markets.            
 
 KENYA POLITICS
 Kenyan opposition political parties announced an alliance on
 Wednesday to fight the August presidential and parliamentary
 elections against President Uhuru Kenyatta's coalition.
             
 
 GHANA INFLATION
 Ghana's annual consumer price inflation fell to 15.4 percent
 in December from 15.5 percent the previous month, the
 statistics office said on Wednesday in the first indication
 of the health of the economy since President Nana Akufo-Addo
 took power.