US stock futures muted as rate cut bets wane ahead of Jackson Hole
The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Thursday.
- - - - -
EVENTS:
*The finance ministers of Kenya, Tanzania, Uganda and Rwanda
will on Thursday present their budgets to lawmakers in their
respective countries.
GLOBAL MARKETS
Asian shares were led lower on Thursday as the Hong Kong
market fell for second consecutive session following a day
of massive street protests, while oil prices flirted with
five-month lows due to higher U.S. crude inventories and a
bleak demand outlook. MKTS/GLOB
WORLD OIL PRICES
Oil prices fell for a second day on Thursday, extending
declines of as much as 4% in the previous session, on
continued increases in U.S. crude stockpiles and concerns
about lower demand growth. 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 against the dollar on
Wednesday, extending earlier losses after mixed local data
and the anti-graft ombudsman's calls for President Cyril
Ramaphosa to respond to findings from an investigation into
a bribe scandal. MARKETS
The Kenyan shilling KES= was stable against the dollar on
Wednesday supported by tightening liquidity in the local
money market and inflows from diaspora remittances, traders
said. ECONOMY
Nigerian President Muhammadu Buhari promised on Wednesday to
repeat in his second term successes from his first four
years including an improved economy and new
infrastructure. HEALTH
Uganda announced two more cases of Ebola on Wednesday - a
grandmother and a three-year-old boy, confirming that a
deadly outbreak has spread for the first time beyond the
Democratic Republic of Congo. TELECOMS
Ethiopia is aiming to award telco licences to multinational
mobile companies by the end of the year, ending a state
monopoly and opening up one of the world's last major closed
telecoms markets, three people with direct knowledge of the
process said. OIL
Mining and trading giant Glencore GLEN.L has put its
oilfields in Chad up for sale, three sources familiar with
the matter said, in a retreat from its foray into oil
production following asset writedowns over the past
decade. SUDAN OIL
The South Sudanese president has appointed a new petroleum
minister, removing Ezekiel Lol Gatkuoth, the presidential
spokesman told Reuters on Wednesday, but the reasons for the
move were unclear. IVORY COAST COCOA
Buyers of Ghana and Ivory Coast cocoa agreed on Wednesday to
a minimum price of $2,600 per tonne, as proposed by the two
governments to address a perceived imbalance between
farmers' incomes and money made by big commodities
traders. 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