The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Wednesday.
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GLOBAL MARKETS
Asian stocks fell the most in a week on Wednesday as the
United States and China's broadening dispute over trade and
foreign policy showed little sign of coming to an end,
weighing on global economic growth. MKTS/GLOB
WORLD OIL PRICES
Oil prices slipped for a third consecutive session on
Wednesday as the prospect of the United States and China
striking a trade deal in talks this week dimmed, raising
uncertainties for global economic growth and oil
demand. O/R
EMERGING MARKETS
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STOCKS
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SOUTH AFRICA MARKETS
South Africa's rand firmed early on Tuesday, shaking off the
risk aversion sparked by geopolitical tensions as Turkey
said it was preparing a military operation in northeast
Syria. BUDGET
Nigerian President Muhammadu Buhari presented a record 10.33
trillion-naira ($33.8 billion) budget for 2020 to lawmakers
on Tuesday as he aims to spur growth in Africa's largest
economy at the start of his second term in
office. OIL
An $875 million Nigerian government lawsuit against U.S.
bank JPMorgan is clear to move forward after a London-based
appeals court on Tuesday rejected the bank's bid to have the
case dismissed. MARKETS
The Kenyan shilling KES= firmed slightly against the
dollar on Tuesday as inflows from diaspora and offshore
investors buying government debt helped ease liquidity
pressure in the local money market, traders
said. MARKETS
The Ugandan shilling UGX= was inclined to the weaker side
on Tuesday, undermined by negative sentiment after the
central bank made an unexpected cut by 100 basis points to
its policy rate this week. PASTOR
Rwanda's government has deported an American pastor hours
after his arrest for "disturbing public order", officials
said. SECURITY
Al Qaeda's West Africa affiliate on Tuesday claimed
responsibility for coordinated, deadly attacks last week on
two army bases in central Mali, it said in a
statement. VIOLENCE
Police teargassed hundreds of protesters outside a court in
Ethiopia's northern city of Bahir Dar on Tuesday, a local
party official and an eyewitness said, reflecting public
tensions over high profile violence that left dozens dead
there in June. SENEGAL
An Ethiopian Airlines ETHA.UL plane was forced to make an
emergency landing minutes after taking off in Senegal on
Tuesday because an engine had caught fire, an airport
spokesman said. DAM
Ethiopia has accused Egypt of trying to maintain its grip
over the waters of the Nile with a proposal it says would
imperil a giant hydropower dam under construction on
Ethiopia's Blue Nile, in a growing diplomatic
spat. LEONE MINING
Sierra Leone's government has cancelled the mining licence
of a subsidiary of Gerald Group, the mines minister told
Reuters on Tuesday, amid a dispute over royalty
payments. the latest precious metals report click on GOL/
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