African Markets - Factors to watch on June 17.

NAIROBI, June 17 - The following company announcements, scheduled economic indicators, debt
and currency market moves and political events may affect African markets on Wednesday.
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GLOBAL MARKETS
Asian share markets took a breather on Wednesday as a
resurgence of coronavirus cases challenged market confidence
in a rapid economic recovery, even as the rebound in U.S.
retail sales in May broke all
records. MKTS/GLOB

WORLD OIL PRICES
Oil prices fell on Wednesday as data showed an increase
in U.S. crude and fuel inventories, raising the prospect of
oversupply as a potential second wave of the coronavirus
pandemic threatened to halt any recovery of
demand. 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
ADVISORY-South African financial markets were closed on
June 16.

KENYA MARKETS
The Kenyan shilling KES= was stable on Tuesday and was
expected to gain ground, helped by dollar inflows from tea
exports and tightening liquidity in the money markets,
traders said. L8N2DT3AS

SOUTH AFRICA AIRLINES
The South African government would need to find at least
10 billion rand ($580 million) in new bailout funds if it
wants to rescue South African Airways (SAA) with most of its
routes intact, a long-delayed rescue plan
showed. GOLD
Zimbabwe's biggest gold miner RioZim Ltd RTNR.ZI said on
Tuesday it had stopped production due to delays in payments
for deliveries to the country's sole buyer of bullion, which
left the company unable to meet its operational
expenditures. CORONAVIRUS
Authorities in Democratic Republic of Congo's
southeastern mining heartland announced temporary lockdowns
on Tuesday in an effort to widen coronavirus testing and
prevent a worrying situation from worsening, governors
said. 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