SoFi CEO enters prepaid forward contract on 1.5 million shares
NAIROBI, June 19 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Wednesday.
- - - - -
EVENTS:
GHANA - The statistics office to release first quarter gross
domestic product data.
GLOBAL MARKETS
Asian shares hit five-week highs on Wednesday as investors
hoped the Federal Reserve would follow the lead of the
European Central Bank and open the door to future rate cuts at
its policy meeting later in the day. MKTS/GLOB
WORLD OIL PRICES
Oil prices extended gains on Wednesday after rising in the
previous session on rekindled hopes for a U.S.-China trade
deal and on the potential for conflict between the U.S. and
Iran in the Middle East after tanker attacks there last
week. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand rallied in late trade on Tuesday after the
government signalled it will give additional support to power
firm Eskom and as emerging currencies were lifted by
expectations the Federal Reserve could signal U.S. rate
cuts. EUROBOND
Nigeria has no plans to return to the eurobond market this
year, after a sixth outing in November raised $2.86 billion,
the head of the debt office said on Tuesday. PETROLEUM
Nigeria's current crude oil production stands at 2.3 million
barrels per day (mbpd), including condensates, the group
managing director of the state oil company said on
Tuesday. MARKETS
The Kenyan shilling KES= was forecast to weaken against the
dollar on Tuesday due to excess liquidity in the money
markets, traders said. AIRLINE
A Kenyan parliamentary committee on Tuesday recommended
nationalising Kenya Airways KQNA.NR as part of an effort to
turn around the loss-making airline. CENTRAL BANK RATE
Uganda's central bank kept its key lending rate UGCBIR=ECI
unchanged on Tuesday and forecast faster economic growth for
the fiscal year starting next month. NATURAL GAS
U.S. energy firm Anadarko Petroleum Corp APC.N on Tuesday
gave the go-ahead for the construction of a $20 billion gas
liquefaction and export terminal in Mozambique, the largest
single LNG project approved in Africa. the latest precious metals report click on GOL/
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