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African Markets - Factors to watch on Dec. 28

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

GLOBAL MARKETS
Asia stocks gained on Friday after Wall Street ended
volatile trade in the green, adding to the big advances of
the previous session, although lingering investor jitters
helped support safe-haven currencies such as the
yen.

WORLD OIL PRICES
Oil prices jumped as much as 3 percent on Friday to win back
a chunk of the ground they lost in the previous session, but
growth in U.S. crude stockpiles and ongoing concerns about
the global economy kept markets under
pressure.

EMERGING MARKETS
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AFRICA STOCKS
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SOUTH AFRICA MARKETS
South Africa's rand gained on Thursday against a dollar
weakened by lingering concerns about the trade wrangle
between United States and China, while stocks were lower as
positive sentiment after an overnight rally
faded.




NIGERIA MTN GROUP
Shares in South African telecoms giant MTN jumped 8
percent on Thursday after it settled a row with Nigeria's
central bank for a fraction of the $8.1 billion it had
threatened to cost.




MADAGASCAR ELECTION
Madagascar presidential election candidate Marc
Ravalomanana's campaign team said they had filed a formal
complaint on Thursday after the electoral commission
declared Andry Rajoelina the winner.




CONGO ELECTION
Security forces in eastern Democratic Republic of Congo
fired live rounds and tear gas on Thursday to scatter
demonstrators who burned tyres and ransacked an Ebola centre
in protest at their exclusion from the presidential
election.




LIBYA VIOLENCE
A Chadian armed group attacked a military camp of forces
loyal to General Khalifa Haftar in southern Libya on
Thursday, killing one fighter, a local official and a
spokesman for Haftar said.




UGANDA MARKETS
The Ugandan shilling was a touch weaker on Thursday,
undercut by some demand among players in the interbank
market.




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2018-12-28 06:40:20

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