The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Wednesday.
- - - - -
EVENTS:
RWANDA - The central bank sets its benchmark repo rate.
Policymakers set cut the rate by 50 basis points to 5.0%
during their last meeting in May.
GLOBAL MARKETS
Asian stocks joined a global equities surge on Wednesday,
after Washington delayed tariffs on some Chinese imports and
gave much-needed relief for markets gripped by political and
economic turmoil.
MKTS/GLOB
WORLD OIL PRICES
Oil prices fell on Wednesday on disappointing economic data
from China and a rise in U.S. crude inventories, erasing
some of the sharp gains in the previous session on signs of
an easing in Sino-U.S. trade tensions.
O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand firmed on Tuesday, helped by improved
risk appetite on signs of easing trade friction after the
United States said it would delay tariffs on some Chinese
products and both sides agreed to continue talks.
CENTRAL BANK
Nigeria's President Muhammadu Buhari has told the central
bank to stop providing funding for food imports, his
spokesman said in a statement on Tuesday, a move that has
raised questions about the bank's independence.
MARKETS
The Kenyan shilling KES= was steady on Tuesday supported by
inflows from portfolio investors buying government debt.
COAST COCOA
The harvest for Ivory Coast's main cocoa crop could start at
the beginning of September, weeks earlier than last year
because of heavy rain over the past month, farmers told
Reuters on Tuesday.
CORRUPTION
A Zambian court on Tuesday adjourned until September the
start of corruption trial involving a former cabinet
minister that prompted some western donors to freeze aid to
the southern African nation.
CONGO EBOLA
Scientists are a step closer to being able to cure the
deadly Ebola haemorrhagic fever after two experimental drugs
showed survival rates of as much as 90% in a clinical trial
in Congo.
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