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African Markets - Factors to watch on Dec. 6 - REUTERS

DECEMBER 06, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. - - - - -

GLOBAL MARKETS Asian stocks slipped on Wednesday, dragged by losses on Wall Street as the technology sector stuttered yet again after a brief rebound, while the dollar sagged on lower long-term U.S. yields.

WORLD OIL PRICES Oil prices dipped on Wednesday, as refined product inventories in the United States rose in what the market interpreted as a sign of lacklustre demand.

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 The South African rand edged up on Tuesday ahead of third-quarter growth data, holding on to gains made in the previous session on investor hopes of a reform-friendly outcome at the ruling African National Congress (ANC) leadership conference.

NIGERIA MARKETS Nigerian stocks rose to their highest in more than three years on Tuesday after gaining for five straight days as foreign investors snapped up shares ahead of year-end earnings, traders said.

NIGERIA BUDGET Nigeria's parliament passed the government's 2018-20 spending framework on Tuesday, raising its oil price assumption to $47 from $45 per barrel.

KENYA MARKETS The Kenyan shilling KES= was under pressure against the dollar on Tuesday as fuel, retail and car importers began making a last round of transactions ahead of the holiday season, traders said.

KENYA PMI Private sector activity in Kenya rose in November from a record low hit in the previous month, pointing to a potential recovery as political risks ease, survey data showed on Tuesday.

CONGO REPUBLIC IMF The International Monetary Fund said it had begun talks on Tuesday with Congo Republic over a bailout to help the oil producer reduce its rapidly rising debt.


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