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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GLOBAL MARKETS
Asian markets were in a mixed mood on Thursday as fears the
U.S. trade tussle with Mexico would further depress global
growth, warred with wagers central banks would have to
respond with fresh stimulus. MKTS/GLOB
WORLD OIL PRICES
Oil prices steadied on Thursday after falling to near
5-month lows in the previous session, but sentiment remained
weak as markets are under pressure from rising U.S. supply
and a stalling economy. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand continued to weaken against the dollar
on Wednesday, sliding to a fresh one-week low, weighed down
by a squabble between the ruling African National Congress
(ANC) and government over the mandate of the central
bank. ECONOMY
Kenya's private sector activity grew modestly in May,
rebounding from the first contraction since 2017 registered
in the previous month, a survey showed on
Wednesday. POLITICS
Sudan's military rulers offered to resume talks with
opposition groups on Wednesday, two days after security
forces mounted a deadly raid on a protest camp, but the
opposition rejected the invitation. POLITICS
Senegalese President Macky Sall said on Wednesday the
government would find out the truth after a report alleged
his brother Aliou Sall had been involved in fraud related to
two major offshore gas blocks operated by BP
BP.L . IRON
The race to mine Guinea's iron ore has started although the
focus is not on its giant Simandou deposits but on smaller
finds whose output could be transported via Liberia if
ArcelorMittal MT.AS shares its railway, banking and
industry sources said. MARKETS
The Ugandan shilling UGX= traded broadly stable on
Wednesday amid subdued appetite for hard currency from
players in the interbank market and merchandise
importers. LANDSLIDES
Landslides after heavy rains in eastern Uganda have killed
at least five people and dozens more are missing, the
country's Red Cross said on Wednesday. COAST COCOA
Ivory Coast's Coffee and Cocoa Council (CCC) has sold 1.3
million tonnes of cocoa export contracts for the 2019/20
season which begins in October, but decided to stop sales
over concerns about the main crop output, two sources at the
industry's regulator said on Wednesday. EU
Zimbabwe and the European Union began political talks on
Wednesday aimed at turning the page on hostile relations
during Robert Mugabe's rule, a step that could enable a
resumption of direct financial aid for the ailing
economy. the latest precious metals report click on GOL/
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