Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

African Markets - Factors to watch on July 6

Published 06/07/2020, 06:09
Updated 06/07/2020, 06:12
© Reuters.

July 6 (Reuters) - The following company announcements,
scheduled economic indicators, debt and currency market moves
and political events may affect African markets on Monday.
- - - - -
EVENTS:
* Seychelles to release inflation data for June. The
year-on-year inflation rate stood at -0.18% in May.


GLOBAL MARKETS
Asian shares scaled four-month peaks on Monday as investors
counted on super-cheap liquidity and fiscal stimulus to
sustain the global economic recovery, even as surging
coronavirus cases delayed re-openings across the United
States. MKTS/GLOB

WORLD OIL PRICES
Oil prices offered up a mixed market snapshot on Monday,
with Brent crude edging higher, supported by tighter
supplies, while U.S. benchmark WTI futures dropped on
concern that a spike in coronavirus cases could curb oil
demand in the United States. 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 weakened on Friday after two days of
gains, weighed down by fears of a rebound in global COVID-19
infections and concerns about the local economy. MARKETS
Nigeria's central bank asked lenders to bid for forex at an
auction 5% above its official rate of 360, traders said, in
a move to weaken the naira as the regulator seeks to unify
its multiple exchange rates. ANGOLA OIL
Angola is resisting pressure by OPEC for a steeper oil
output cut to comply fully with record supply curbs, OPEC
and industry sources said. KENYA MARKETS
The Kenyan shilling KES= weakened on Friday due to dollar
demand from the energy and manufacturing sectors, traders
said. PROTESTS
More than 166 people were killed during anti-government
protests in Ethiopia last week, the government said on
Sunday, as the capital and other hotspots remained closely
guarded by security forces and a blanket Internet shutdown
entered its sixth day. CONGO MINING
Democratic Republic of Congo mines minister Willy Kitobo
Samsoni plans to meet with mining companies to agree a
moratorium on confining workers to mine sites due to the
coronavirus. SECURITY
Representatives of Cameroon's government held talks this
week with the main leaders of an Anglophone separatist
insurgency for the first time since the conflict began in
2017, a separatist leader and two security sources said on
Friday. GAS
South African petrochemicals giant Sasol SOLJ.J Ltd has
opted to give up its licence to explore for gas off the
Mozambique coast, the company said on Sunday. 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

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.