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African Markets - Factors to watch on June 17

Published 17/06/2019, 05:13
Updated 17/06/2019, 05:20
African Markets - Factors to watch on June 17
US Dollar Kenyan Shilling
0.16%

NAIROBI, June 17 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Monday.
- - - - -
GLOBAL MARKETS
Asian stocks inched higher on Monday, with a rebound in the
Hong Kong market helping the mood, as investors remained
cautious ahead of a closely-watched Federal Reserve
meeting. MKTS/GLOB

WORLD OIL PRICES
Oil prices rose on Monday after U.S. Secretary of State Mike
Pompeo said Washington will take all actions necessary to
guarantee safe navigation in the Middle East, as tensions
mounted following attacks on tankers last week. 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 firmed on Friday as domestic political
concerns eased, with the focus of investors shifting to
inflation data and the U.S. central bank meeting next
week. CENTRAL BANK
Nigeria's central bank said on Friday it will close the bank
accounts of firms caught smuggling into the country any goods
for which access to foreign exchange has been
restricted. MARKETS
The Kenyan shilling KES= weakened against the dollar on
Friday under pressure from surplus liquidity in the local
money market and increased oil importer dollar demand as
market players eyed the effects of Kenya's 2019/20 budget
presented on Thursday by the finance minister, traders
said. 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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