Intel stock extends gains after report of possible U.S. government stake
NAIROBI, Aug 17 - The following company announcements, scheduled economic indicators, debt
and currency market moves and political events may affect African markets on Monday.
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GLOBAL MARKETS
Asian shares firmed toward recent peaks on Monday as Chinese
markets swung higher, while investors waited to see if the
recent sell-off in longer-dated U.S. Treasuries would extend
and maybe take some pressure off the beleaguered dollar.
MKTS/GLOB OIL PRICES
Oil prices climbed higher on Monday, lifted by China's plans
to ship in large volumes of U.S. crude in August and
September, outweighing concerns over a slowdown in demand
recovery after the coronavirus pandemic and an uptick in
supplies. O/R MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand was set to end the week on a firmer
footing, even though its recent rally has been slowed by the
return of rolling nationwide power cuts and more signs that
the domestic economy remains under pressure. AFRICA LOCKDOWN
South African President Cyril Ramaphosa said on Saturday
that all indications were that South Africa had reached the
peak of COVID-19 infections, as he announced a sweeping
removal of lockdown restrictions on the economy.
MARKETS
The Kenyan shilling KES= was little changed against the
dollar on Friday, but was expected to strengthen, helped by
the central bank mopping up excess liquidity from the money
market, traders said. KENYA BANKING
KCB Group, Kenya's biggest bank by assets, expects the
proportion of loans it will restructure due to effects of
the novel coronavirus to hit 25% of its total loans by
December, its chief executive officer said on Thursday.
NIGERIA JOBS
More than a quarter of Nigeria's workers were out of a job
in the second quarter, the National Bureau of Statistics
said on Friday, in the country's first unemployment data
published since 2018.
DEMOCRATIC REPUBLIC OF CONGO RATES
The central bank of Democratic Republic of Congo has raised
the main interest rate to 18.5% from 7.5%, central bank
official Plante Kibadhi said on Saturday. For the latest precious metals report click on GOL/
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