Trump/Putin summit, UnitedHealth and Japan’s GDP - what’s moving markets
NAIROBI, Aug 13 - The following company announcements, scheduled economic indicators, debt
and currency market moves and political events may affect African markets on Thursday.
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GLOBAL MARKETS
Asia's stock markets followed Wall Street higher on
Thursday, as investors returned to tech stocks, gold and
selling dollars after steady virus figures and a surprising
jump in U.S. inflation boosted
sentiment. MKTS/GLOB
WORLD OIL PRICES
Crude oil prices eased slightly on Thursday but held
most of their gains from the previous session after U.S.
government data showed a fall in inventories, supporting the
view that fuel demand is returning despite the coronavirus
pandemic. O/R
EMERGING MARKETS
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STOCKS
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SOUTH AFRICA MARKETS
The South African rand extended its gains against the
dollar on Wednesday, as political wrangling over a stimulus
package for the U.S. economy halted the U.S. currency's
rebound. AFRICA CENTRAL BANK
Formally adding unemployment or economic growth to the
South African central bank's mandate would risk policy
mistakes and hurting its credibility, Governor Lesetja
Kganyago said on Wednesday. AFRICA MINING
South Africa's mines minister has withdrawn an appeal of
a court ruling that held that mining companies did not have
to maintain at least 26% black ownership in perpetuity, the
Minerals Council industry body said on
Wednesday. STOCKS
Nigerian stocks .NGSEINDEX climbed to an eight-week high
on Wednesday lifted by gains in shares of energy companies
after global oil prices rallied. MARKETS
The Kenyan shilling KES= traded weaker on Wednesday
due to corporate dollar demand, mainly by importers, traders
said. L8N2FE2KS
KENYA BANKING
Kenya's KCB Group KCB.NR said on Wednesday its after-tax
profit plummeted in the first half, hit by the effects of
the novel coronavirus pandemic, and that it expected
strained business conditions for the rest of the
year. OIL SPILL
Mauritius' Prime Minister Pravind Jugnauth said on
Wednesday nearly all remaining oil had been removed from a
damaged Japanese ship, which leaked about 1,000 tonnes in a
threat to tourism already hurt by the coronavirus
pandemic. INDUSTRY
As the coronavirus pandemic upended the global diamond
industry, shuttering mines from Lesotho to Canada and
disrupting supply chains, Rajen Patel swapped diamond
polishing for peanut farming. MINING
A Chinese national was killed during an attack on a
mining camp run by Zijin Mining Group Co 601899.SS in the
early hours of Tuesday in southern Democratic Republic of
Congo, a report on the company's website said. PROTESTS
Police in Mali fired tear gas and water cannon at
daybreak on Wednesday to disperse hundreds of protesters who
had occupied and spent the night in a square in the capital
Bamako, demanding the resignation of President Ibrahim
Boubacar Keita. the latest precious metals report click on GOL/
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