NAIROBI, May 23 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Thursday.
- - - - -
GLOBAL MARKETS
Asian shares broke support and caved to a four-month low on
Thursday, as concerns grew that the Sino-U.S. trade conflict
was fast morphing into a prolonged technology cold war
between the world's two largest economies. MKTS/GLOB
WORLD OIL PRICES
Oil prices dropped on Thursday, extending falls from the
previous session amid surging U.S. crude inventories and
weak demand from refineries. 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 POLITICS
South African lawmakers elected Cyril Ramaphosa president on
Wednesday, and he promised to create jobs and work for the
interests of all citizens, not just members of the majority
African National Congress (ANC). AFRICA MARKETS
South Africa's rand steadied in afternoon trade on Wednesday
as markets positioned for the release of minutes from the
Federal Reserve's latest meeting that might give more clues
on the U.S. interest rate outlook. MARKETS
The Kenyan shilling KES= weakened against the dollar on
Wednesday due to increased end-month dollar demand from oil
and merchandise importers, traders said. ECONOMY
Anheuser-Busch InBev (AB InBev) ABI.BR, the world's largest
beer maker, expects the total investment in its new brewery
at Sagamu in Nigeria, to be up to $400 million, Chief
Executive Carlos Brito said on Wednesday. POLITICS
Gabon's President Ali Bongo has fired his vice president and
his forests minister, his office said on Wednesday, after
hundreds of containers of illegally logged kevazingo wood
that had been seized went missing. AFRICAN REPUBLIC SECURITY
An armed militia killed 34 civilians in an attack on Tuesday
in Central African Republic, a government spokesman said,
issuing a deadline for the group's leader to give up the
perpetrators to the authorities. ECONOMY
Advisers to Congo Republic's government have warned it that
there is a "major risk" the International Monetary Fund
(IMF) will reject its bid for a long-sought bailout,
according to a letter obtained by Reuters. 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