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African Markets - Factors to watch on August 21

Published 21/08/2019, 06:07
© Reuters.  African Markets - Factors to watch on August 21
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NAIROBI, Aug 21 (Reuters) - The following company

announcements, scheduled economic indicators, debt and currency

market moves and political events may affect African markets on

Wednesday.

GLOBAL MARKETS

Asian shares fell on Wednesday as fresh worries about a

global recession led investors to dump risky assets, with

U.S. President Donald Trump showing no signs of backing down

in his trade war with China. MKTS/GLOB

WORLD OIL PRICES

Brent crude oil futures rose above $60 a barrel for the

first time in over a week on Wednesday after a data report

showed a larger-than-expected drop in U.S. crude

inventories, but ongoing worries about a possible global

recession capped gains. O/R

EMERGING MARKETS

For the top emerging markets news, double click on

STOCKS

For the latest news on African stocks, click on .J

SOUTH AFRICA MARKETS

South Africa's rand firmed on Tuesday, pulling back from an

11-month low as long dollar investors took profits and

awaited further clues on the outlook for the global and

local economy. MARKETS

The Kenyan shilling KES= held steady against the dollar on

Tuesday due to thin hard currency demand from importers and

some banks cutting their long dollar positions to meet the

central bank's shilling reserve ratio requirements, traders

said. LNG

Nigeria Liquefied Natural Gas (NLNG) has offered a cargo for

loading in September, three industry sources said on

Tuesday. MINING

Zambian President Edgar Lungu will not meet the chairman of

Vedanta Resources VDAN.NS to discuss the disputed

liquidation of its Konkola Copper Mines (KCM) on his visit

to India this week, a statement from the Zambian State House

said on Tuesday. JUBBALAND

The southern Somali state of Jubbaland has blocked access to

the capital city Kismayo and its main airport ahead of

Thursday's vote to elect a president of the semi-autonomous

region, a senior regional official said on Tuesday.

POLITICS

Zimbabwe police on Tuesday blocked a street protest for the

third time in five days, as the main opposition party said

hopes were vanishing that the government might become more

tolerant of dissent than the one it replaced. For 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

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