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 stumbled on Wednesday as the Sino-U.S. trade
talks produced nothing but a stream of conflicting messages,
while concerns about a glut of supply left oil prices
nursing their biggest one-day loss in seven
weeks. MKTS/GLOB
WORLD OIL PRICES
Oil prices were steady on Wednesday, after falling the past
two days, as a surge in U.S. stockpiles reinforced concerns
about lacklustre global economic growth amid the trade war
between the United States and China, the world's two biggest
oil consumers. 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 firmed within its recent trading range
on Tuesday, as investors awaited a potential breakthrough in
U.S.-China trade talks and the release of minutes of the
most recent Federal Reserve meeting. OIL
Nigeria's Nembe Creek oil trunk pipeline has been shut down
due to sabotage, a spokesman for the operator Aiteo said on
Tuesday. MARKETS
The Kenyan shilling KES= gained against the dollar on
Tuesday with inflows from offshore investors buying stocks
and government debt meeting dollar demand from merchandise
importers, traders said. TEA
Kenya's tea production fell 8.5% in the first nine months of
the year to 316.80 million kilogrammes, from the same period
a year earlier, mainly due to dry weather conditions, the
industry regulator said in a report seen by Reuters on
Tuesday. MARKETS
The Ugandan shilling UGX= was in a stable position on
Tuesday, on the back of inflows of hard currency from
offshore investors looking to buy government debt at this
week's Treasury auction. POLITICS
Polls opened on Wednesday for Ethiopia's Sidama people to
vote on self-determination in a referendum closely watched
by other ethnic groups also seeking more autonomy since
reforms by Prime Minister Abiy Ahmed shook up the national
power balance. BOEING
Ghana became the latest African nation to support the
development of an international airline to boost its economy
and develop tourism as its government signed a provisional
order for three Boeing long-haul 787 Dreamliner jets on
Tuesday. SECURITY
The death toll from an attack against an army patrol in
northern Mali has risen to 30 from an earlier count of 24,
army spokesman Diarran Kone told Reuters on
Tuesday. JUSTICE
A court in Democratic Republic of Congo handed down a life
sentence on Tuesday to one of the country's most notorious
warlords for crimes against humanity including murder and
sexual violence, lawyers in the case said. 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