The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
- - - - -
Asian shares took a breather on Tuesday after three straight
sessions of gains, with markets consolidating in the hope an
upswing in global growth could outlast a likely hike in U.S.
borrowing costs this week.
WORLD OIL PRICES
Brent crude oil prices jumped above $65 per barrel for the
first time since 2015 after the shutdown of the Forties
North Sea pipeline knocked out significant supply from a
market that was already tightening due to OPEC-led
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 firmed against the dollar on Monday as
the greenback retreated, while a recovery of Steinhoff's
SNHG.DESHFFp.J shares following a week of turmoil at the
global retailer lifted blue chip stocks.
SOUTH AFRICA POLITICS
South Africa's National Prosecuting Authority (NPA) said on
Monday it had extended the deadline for President Jacob Zuma
to submit arguments on why he should not be prosecuted for
corruption to the end of next month.
SOUTH AFRICA ECONOMY
South African exchange operator JSE JSEJ.J launched an
investigation on Monday into whether Steinhoff SNHG.DE,
SHFFp.J broke disclosure rules, heaping pressure on the
retailer as it tries to contain an accounting
The Kenyan shilling KES was stable against the dollar on
Monday, with demand from importers matched by inflows from
charities and offshore investors buying government debt,
Junior explorer Sula Iron and Gold SULA.L plans to change
its name to African Battery Metals, reflecting a shift in
focus after it bought a controlling stake in a cobalt
licence in Democratic Republic of Congo (DRC).
Djibouti's economy is expected to expand by 7 percent in
2018 up from an estimated 6.5 percent this year and
government spending should also rise slightly in a budget
focused on healthcare, a senior official said.