TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Monday.
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EVENTS:
*Rwanda receives five black rhinos from European parks
GLOBAL MARKETS
Asian shares edged up on Monday as investors pinned their
hopes on any signs of a thaw in Sino-U.S. trade
negotiations, while oil prices firmed on heightened tensions
between the United States and Iran. MKTS/GLOB
WORLD OIL PRICES
Oil prices climbed on Monday as tensions remain high between
Iran and the United States, with U.S. Secretary of State
Mike Pompeo saying "significant" sanctions on Tehran would
be announced. O/R
EMERGING MARKETS
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STOCKS
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SOUTH AFRICA MARKETS
South Africa's rand firmed up slightly on Friday, clawing
back some of its losses following President Cyril
Ramaphosa's state of the nation address, which some analysts
said lacked detail on how he plans to fix the flagging
economy. MARKETS
The Kenyan shilling KES= weakened on Friday due to
increased dollar demand from the energy and manufacturing
sectors, traders said. SECURITY
Ethiopia's army chief of staff and the head of the northern
state of Amhara were killed in two separate but related
attacks when a general tried to seize control of Amhara in
an attempted coup, the prime minister's office said on
Sunday. ELECTION
Mauritania's government-backed candidate Mohamed Ould
Ghazouani won the presidential election on Sunday, cementing
the power of a ruling party that has positioned itself as an
ally of the West against Islamist militants. POLITICS
Sudan's ruling military council said on Sunday that Ethiopia
and the African Union needed to unify their efforts to
mediate between the council and an opposition coalition on
the structure of the country's transitional
government. MARKETS
The Ugandan shilling UGX= traded stable on Friday amid
thin appetite for dollars from the energy and manufacturing
sectors, traders said. the latest precious metals report click on GOL/
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