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
Thursday.
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GLOBAL MARKETS
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.

EMERGING MARKETS
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AFRICA STOCKS
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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.

KENYA MARKETS
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.

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2019-09-12 07:03:37

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