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African Markets - Factors to watch on May 14

Published 14/05/2019, 05:28
African Markets - Factors to watch on May 14

NAIROBI, May 14 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Thursday.
- - - - -
GLOBAL MARKETS
Asian shares deepened losses on Tuesday amid a fresh
deterioration in the Sino-U.S. tariff war, although comments
from U.S. President Donald Trump that he expected trade
negotiations to be successful helped stabilise sentiment.
MKTS/GLOB

WORLD OIL PRICES
Oil prices dropped 1 percent on Thursday amid concerns over
the escalating trade battle between the United States and
China, despite a surprise fall in U.S. crude
stockpiles. O/R

EMERGING MARKETS
For the top emerging markets news, double click on
STOCKS
For the latest news on African stocks, click on .J

ZIMBABWE POWER
Zimbabwe's state power utility imposed the worst rolling
blackouts in three years on Monday, with households and
industries including mines set to be without electricity for
up to eight hours daily. ENERGY
Anadarko Petroleum Corp APC.N said on Monday that a unit it
jointly owns which markets gas from Mozambique has signed a
long-term deal to supply liquefied natural gas (LNG) to
Japan's JERA and Taiwan's CPC Corp. STOCKS
Nigerian stocks dropped 1.26% to a near two-year low on
Monday on renewed growth worries after Godwin Emefiele was
nominated for a second term as central bank governor,
traders said. WOOD
Gabon's president vowed on Monday to find and punish those
responsible for the disappearance of over 350 containers of
protected hardwood worth nearly $250 million. 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

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