Intel stock extends gains after report of possible U.S. government stake
NAIROBI, Aug 12 - 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 dipped on Wednesday on growing uncertainty
over whether the U.S. lawmakers would agree on an additional
round of big fiscal stimulus to support an economy still
struggling with the novel
coronavirus. MKTS/GLOB
WORLD OIL PRICES
Oil prices moved higher on Wednesday after an industry
report showed that U.S. inventories of crude fell more than
analysts had expected, bolstering hopes that fuel demand in
the world's biggest economy can weather the coronavirus
pandemic. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand recovered on Tuesday as risk
appetite improved, having fallen to its weakest in nearly 12
weeks the previous day. AFRICA OIL
South Africa's Sasol SOLJ.J warned on Tuesday it will
report an annual loss after a drop in oil and chemical
prices and the impact of the coronavirus pandemic hit
earnings. OIL
Nigerian oil company NNPC is asking investors to bid to
fix pipelines and depots serving its oil refineries,
according to a document posted on its website on
Tuesday. MARKETS
The Kenyan shilling KES= was stable on Tuesday,
supported by the central bank's mopping up of excess
liquidity in the money market through term auction deposits,
traders said. L8N2FD2NY
MAURITIUS OIL SPILL
A Japanese bulk carrier that struck a coral reef off
Mauritius and has leaked at least an estimated 1,000 tonnes
of oil passed an annual inspection in March without any
problems, Japan's ClassNK inspection body said on
Tuesday. volunteers fished dead eels from oily waters on
Tuesday as they tried to clean up damage to the Indian Ocean
island's most pristine beaches after a Japanese bulk carrier
leaked an estimated 1,000 tonnes of oil. PROTESTS
Thousands of people took to the streets of Mali's rainy
capital Bamako on Tuesday renewing calls for President
Ibrahim Boubacar Keita to step down despite international
mediation efforts to resolve a political crisis. DOS SANTOS
Angolan billionaire Isabel dos Santos will leave her job
in the administration of telecoms operator Unitel amid
ongoing tensions between board members, Portugal's news
agency Lusa reported on Tuesday. For the latest precious metals report click on GOL/
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