Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
NAIROBI, June 16 - The following company announcements, scheduled economic indicators, debt
and currency market moves and political events may affect African markets on June 16.
- - - - -
GLOBAL MARKETS
Asian shares and Wall Street futures rallied on Tuesday
as the formal start of the Federal Reserve's corporate bond
buying programme boosted global investor sentiment and
calmed earlier worries about a second wave of coronavirus
infections. MKTS/GLOB
WORLD OIL PRICES
Oil prices slid on Tuesday on lingering concerns over
the threat to fuel demand from the resurgence of new
coronavirus infections around the world, though hopes for
further cuts in crude supplies stemmed losses. 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
The South African rand tumbled on Monday as investors
fled to safe-haven assets on fears of a second wave of
global coronavirus infections. ADVISORY-South African financial markets closed on June
16.
SOUTH AFRICA LOANS
South African banks and the government are looking for
ways to boost take up of an up to 200 billion rand ($11.58
billion) loan scheme to help coronavirus-hit businesses, two
bank executives and a source close to the discussions told
Reuters. NIGERIA MARKETS
Nigeria has raised 162.56 billion naira ($450 million)
to help finance infrastructure projects through the sale of
Islamic bonds to local funds and insurance companies, the
Debt Management Office (DMO) said. KENYA MARKETS
The Kenyan shilling KES= held steady on Monday as
dollar demand from oil and merchandise importers was matched
by remittances and horticulture export proceeds, traders
said. L8N2DS1XR
COCOA IVORY COAST
Well-above average rainfall in some of Ivory Coast's
cocoa-growing regions last week raised fears of plantations
flooding and poor quality beans, farmers said on
Monday. CORONAVIRUS
Resident doctors in Nigerian public hospitals went on
strike on Monday to demand better benefits, including the
provision of more protective equipment, as they battle the
coronavirus, the union said. For 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