Bullish indicating open at $55-$60, IPO prices at $37
NAIROBI, Jan 6 (Reuters) - 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
Global stock prices slipped and U.S. bond yields rose on Wednesday
as investors braced for the prospect that Democrats could win both
races in a U.S. Senate run-off election in Georgia, handing them
control of the crucial chamber. MKTS/GLOB
WORLD OIL PRICES
Brent oil prices rose on Wednesday to the highest since February
after Saudi Arabia agreed to make bigger cuts in output than
expected during a meeting with allied producers, while industry
data showed U.S. crude stockpiles fell last week.
O/R
EMERGING MARKETS
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For the latest news on African stocks, click on .J
SOUTH AFRICA MARKETS
Shares on the Johannesburg Stock Exchange (JSE) remained upbeat on
Tuesday, driven by higher gold and platinum prices which pushed up
shares in mining companies and posted a record closing for the
main indices. MARKETS
Nigerian stocks fell 0.97% on Tuesday to end a week-long winning
streak as recession worries countered excess cash on the money
market, prompting funds to book profit following recent gains.
MARKETS
The Kenyan shilling KES= was stable on Tuesday amid little
demand for dollars from importers and other private sector players
as they gradually returned from end-of-year holidays, traders
said. DEBT
Chad and several other countries are already in deep debt distress
and more will join their ranks this year, given the severity of
the global recession triggered by the COVID-19 pandemic, World
Bank Group President David Malpass said. SENEGAL
Senegal President Macky Sall on Tuesday announced a new state of
emergency in response to record cases of coronavirus sweeping
parts of the West African nation. AIR STRIKE
More than 20 people, including children, were killed in air
strikes during a wedding ceremony in a remote desert area of
central Mali on Sunday, a health worker with knowledge of the
attack said on Tuesday. 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