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NAIROBI, June 18 - The following company announcements, scheduled economic indicators, debt
and currency market moves and political events may affect African markets on Thursday.
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EVENTS:
Burundi's incoming president Evariste Ndayishimiye to be
sworn in
GLOBAL MARKETS
Asian stocks and Wall Street futures fell on Thursday as
spiking coronavirus cases in some U.S. states and China
crushed hopes of a quick global economic comeback from the
pandemic. MKTS/GLOB
WORLD OIL PRICES
Oil prices fell more than 1% in early trade on Thursday
as a spike in new coronavirus cases in China and the United
States renewed fears that people would stay home and stall a
recovery in fuel demand even as lockdowns ease. O/R
EMERGING MARKETS
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STOCKS
For the latest news on African stocks, click on .J
SOUTH AFRICA MARKETS
South Africa's rand clung on to small gains on
Wednesday, supported by stimulus measures from major central
banks, following a sell-off sparked by fears of a second
global wave of coronavirus infections. MARKETS
Nigeria's naira opened 6.2% lower against the U.S.
dollar on the official market on Wednesday as traders quoted
the currency close to the over-the-counter spot market rate
on indications the government would move to conserve
dwindling reserves. KENYA MARKETS
The Kenyan shilling KES= strengthened Wednesday helped
by low dollar demand from merchandise importers and tight
liquidity in the money markets, traders said. L8N2DU1SC
DRC GROWTH
The Democratic Republic of Congo's central bank on
Wednesday trimmed its economic growth forecast for 2020 to
-2.4%, down from a previous projection of -1.9%, due to the
impact of the coronavirus. AFRICA CORONAVIRUS
South Africa's President Cyril Ramaphosa said on
Wednesday casinos, cinemas, personal care services and
accommodation will be allowed to operate as the country
further eases coronavirus lockdown restrictions.
ZIMBABWE HEALTHCARE
Zimbabwean nurses stopped work at a major government
hospital in the capital Harare on Wednesday, demanding to be
paid in U.S. dollars because soaring inflation has
drastically reduced the value of their local-currency
salaries. 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