JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
NAIROBI, Aug 18 - The following company announcements, scheduled economic indicators, debt
and currency market moves and political events may affect African markets on Tuesday.
- - - - -
GLOBAL MARKETS
Asian stocks inched up on Tuesday as Sino-U.S. tensions
weighed on optimism generated by Wall Street's tech-driven
rally, while the dollar dropped against almost all major
currencies. MKTS/GLOB OIL PRICES
Oil prices slipped on Tuesday, though they mostly held onto
overnight gains after OPEC+ said the producer grouping is
almost fully complying with output cuts to support prices
amid a drop in demand for fuels due to the coronavirus
pandemic. O/R MARKETS
For the top emerging markets news, double click on
STOCKS
For the latest news on African stocks, click on .J
SOUTH AFRICA MARKETS
Hospitality and gold mining firms led the South African
stock market higher on Monday, maintaining last week's
mostly winning streak after President Cyril Ramaphosa
removed coronavirus lockdown restrictions over the weekend.
KENYA MARKETS
The Kenyan shilling KES= was stable on Monday, and was
expected to gain ground helped by dollar inflows from
remittances and horticulture exports, traders said.
NIGERIA PUBLIC SPENDING
Nigeria expects to spend a record 12.65 trillion naira
($33.20 billion) in 2021 despite severe revenue constraints,
according to an outlook released by the Finance Ministry on
Monday.
NIGERIA LOANS
The World Bank is unlikely to approve a much-needed $1.5
billion for Nigeria in August as planned due to concerns
over desired reforms, three sources familiar with the talks
told Reuters.
NIGERIA LOCKDOWN
Nigeria will reopen its airports for international flights
from Aug. 29, its aviation minister said on Monday.
ANGOLA CRUDE
France's Total TOTF.PA has restarted oil drilling in
Angola and new exploration ships will also soon resume work,
the company's country chair Olivier Jouny told trade
publication Africa Oil & Power on Monday. GHANA FISCAL DEFICIT
Ghana's fiscal deficit is projected to narrow from 11.4% of
gross domestic product (GDP) in 2020 to 9.4% in 2021, the
finance ministry said in a budget document on Monday.
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