African Markets - Factors to watch on Sept 12
NAIROBI, Sept 12 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
- - - - -
Asian stocks hit a six-week high on Thursday on hopes for a
thaw in U.S.-China trade frictions and expectations that the
European Central Bank would kick off another wave of monetary
easing by global central banks.
WORLD OIL PRICES
Oil prices jumped on Thursday, bouncing back from heavy
losses in the previous session, buoyed by moves to ease trade
tensions between Washington and Beijing and a drop in U.S.
crude inventories to the lowest in nearly a year.
For the top emerging markets news, double click on
For the latest news on African stocks, click on
SOUTH AFRICA MARKETS
South Africa's rand weakened on Wednesday after data showing
business confidence in the country has collapsed, undermining
a push by President Cyril Ramaphosa to kick-start growth
after a decade of stagnation.
The Kenyan shilling KES= was stable against the dollar on
Wednesday supported by tightening liquidity in the local
money market but was expected to trade in a narrow range due
to dollar demand from oil importers, traders said.
SOUTH AFRICA COMPANIES
South African drugmaker Aspen Pharmacare Holdings APNJ.J said
on Wednesday full-year core normalised earnings fell by 4%
due to a lower contribution from its manufacturing business
and it will not pay a dividend this year.
For the latest precious metals report click on
For the latest base metals report click on
For the latest crude oil report click on 2019-09-12 07:03:37
© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.