The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Wednesday.
- - - - -
EVENTS:
*Ghana's Statistical Service releases its latest inflation
data.
GLOBAL MARKETS
Asian share markets were in a wary mood on Wednesday as the
White House took a tough line on trade talks with China,
while a looming reading on U.S. inflation could shuffle the
odds for an early cut in interest rates
there. MKTS/GLOB
WORLD OIL PRICES
Oil prices fell more than 1% on Wednesday, weighed down by a
weaker oil demand outlook and a rise in U.S. crude
inventories despite growing expectations of ongoing OPEC-led
supply cuts. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand rallied more than 1% on Tuesday,
stretching its rally back from a nine-month low as cooling
trade war worries and much larger-than-expected growth in
local manufacturing boosted the battered currency and
equities. MARKETS
The Kenyan shilling KES= edged down against the dollar on
Tuesday weighed down by dollar demand from merchandise and
oil importers, traders said. AIRLINE
Kenya Airways KQNA.NR will support the government if it
decides that nationalising the airline is critical for its
future, Chairman Michael Joseph said on Tuesday. HEALTH
Uganda has confirmed its first case of Ebola during the
current outbreak, a 5-year-old Congolese child who is
receiving care after arriving from the Democratic Republic
of Congo, the World Health Organization (WHO) said on
Tuesday. ECONOMY
Ethiopia's economy is projected to grow by 9% in 2019/2020,
finance minister Ahmed Shide told lawmakers on Tuesday as he
presented plans to raise spending in one of Africa's
fastest-growing economies. MINING
Zambia has no plans to seize the assets of Quantum Minerals
Ltd FM.TO and the copper producer intends to stay in the
country despite the government's move to wrest control of a
rival miner, government and industry sources told
Reuters. OIL
Angola plans to launch a renewable energy auction that could
help reduce reliance on oil, after one of its worst fuel
shortages in May, energy secretary Antonio Costa said on
Tuesday. SECURITY
Bodies recovered from a massacre of almost 100 people by a
Malian ethnic militia included at least 24 children, many of
them shot in the back, the prime minister said during a
visit to the crime scene on Tuesday. the latest precious metals report click on GOL/
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