Reuters
Published Aug 21, 2019 07:07
African Markets - Factors to watch on August 21
NAIROBI, Aug 21 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Wednesday.
GLOBAL MARKETS
Asian shares fell on Wednesday as fresh worries about a
global recession led investors to dump risky assets, with
U.S. President Donald Trump showing no signs of backing down
in his trade war with China. MKTS/GLOB
WORLD OIL PRICES
Brent crude oil futures rose above $60 a barrel for the
first time in over a week on Wednesday after a data report
showed a larger-than-expected drop in U.S. crude
inventories, but ongoing worries about a possible global
recession capped gains. O/R
EMERGING MARKETS
For the top emerging markets news, double click on
STOCKS
For the latest news on African stocks, click on .J
SOUTH AFRICA MARKETS
South Africa's rand firmed on Tuesday, pulling back from an
11-month low as long dollar investors took profits and
awaited further clues on the outlook for the global and
local economy. MARKETS
The Kenyan shilling KES= held steady against the dollar on
Tuesday due to thin hard currency demand from importers and
some banks cutting their long dollar positions to meet the
central bank's shilling reserve ratio requirements, traders
said. LNG
Nigeria Liquefied Natural Gas (NLNG) has offered a cargo for
loading in September, three industry sources said on
Tuesday. MINING
Zambian President Edgar Lungu will not meet the chairman of
Vedanta Resources VDAN.NS to discuss the disputed
liquidation of its Konkola Copper Mines (KCM) on his visit
to India this week, a statement from the Zambian State House
said on Tuesday. JUBBALAND
The southern Somali state of Jubbaland has blocked access to
the capital city Kismayo and its main airport ahead of
Thursday's vote to elect a president of the semi-autonomous
region, a senior regional official said on Tuesday.
POLITICS
Zimbabwe police on Tuesday blocked a street protest for the
third time in five days, as the main opposition party said
hopes were vanishing that the government might become more
tolerant of dissent than the one it replaced. For the latest precious metals report click on GOL/
For the latest base metals report click on MET/L
For the latest crude oil report click on O/L
Written By: Reuters
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