Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
NAIROBI, June 3 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Wednesday.
- - - - -
GLOBAL MARKETS
Asian shares vaulted to a near three-month high on Wednesday
as hopes of more stimulus and further easing in social
restrictions around the world outweighed caution over a host
of worries from the coronavirus to growing U.S. civil
unrest. MKTS/GLOB
WORLD OIL PRICES
Oil rose on Wednesday, with Brent at $40 for the first time
since March, as optimism mounted that major producers will
extend production cuts and a recovery from the coronavirus
pandemic will spur fuel 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
South Africa's rand jumped more than 1% to a 2-1/2 month
high on Tuesday in an emerging market rally spurred by
growing hopes for a global economic recovery, prompting
investors to ditch safe-havens for high yielding
assets. BORROWING
Nigeria's upper chamber of parliament on Tuesday approved
President Muhammadu Buhari's request for $5.51 billion in
external borrowing from international lenders. MARKETS
The Kenyan shilling KES= strengthened on Tuesday,
supported by inflows from horticulture exports amid muted
dollar demand from oil importers, traders said. TOURISM
Uganda will lose $1.6 billion a year in earnings from
tourism as visitors stay away due to the impact of the
coronavirus, President Yoweri Museveni said. ELECTRICITY
Zambia's Copperbelt Energy Corporation (CEC) said on Tuesday
that the country's minister of energy, Mathew Nkhuwa, had
issued a statutory instrument declaring all of the company's
distribution and transmission lines as "common
carrier". DEBT
Angola has asked for G20 debt relief and is in advanced
stages of talks with some countries importing its oil on
adjusting financing facilities, but expects no further debt
overhaul to be needed beyond this, the finance ministry said
on Tuesday. 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