African Markets - Factors to watch on July 30

Published 30/07/2020, 05:56
Updated 30/07/2020, 06:00
African Markets - Factors to watch on July 30

NAIROBI, July 30 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Thursday.
- - - - -
GLOBAL MARKETS
Asian stocks were boosted by the promise of ultra-easy
monetary policy globally as the U.S. Federal Reserve left
interest rates near zero to support the country's
virus-battered economy, sending the dollar to a two-year
trough. MKTS/GLOB

WORLD OIL PRICES
Oil prices were little changed on Thursday, restrained by
concerns that surging coronavirus infections could
jeopardize a recovery in fuel demand just as major oil
producers are set to raise output. 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 marked time on Wednesday as investors
waited to hear the outcome of the U.S. Federal Reserve's
latest policy meeting. MARKETS
The Kenyan shilling KES= was unchanged on Wednesday due to
slowing dollar demand from the energy sector which had
weakened the local currency to a record low last week,
traders said. CENTRAL BANK RATE
Kenya's central bank held its benchmark lending rate
KECBIR=ECI at 7.0% for the third time in a row on
Wednesday, saying its current easing stance was having the
desired effect. COAST POLITICS
Ivory Coast's electoral commission promised a fair election
on Wednesday as the ruling RHDP party asked President
Alassane Ouattara to stand again, defying opponents who say
he does not have the constitutional right to a third
term. ECONOMY
The Namibian government has approached the International
Monetary Fund (IMF) for a 4.5 billion Namibian dollars ($274
million) emergency loan to help fight the COVID-19 pandemic,
a Ministry of Finance spokesman said on
Wednesday. 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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