June 16, 2017
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday.
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Asian stocks were little changed on Friday, as investors searched for catalysts in the wake of a resumption of the U.S. technology rout overnight.
WORLD OIL PRICES
Oil prices were not far off six-month lows, held down by an ongoing supply overhang that persists despite an OPEC-led effort to cut production and prop up crude markets.
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Nigeria's naira could strengthen against the dollar in the coming week as offshore investors pile into local stocks, while Kenya's shilling is expected to be stable.
SOUTH AFRICA MARKETS
South African assets fell on Thursday, with mining stocks the hardest hit after the government revamped the sector's ownership rules.
Nigeria's central bank said on Thursday its new currency window for investors had handled $2.2 billion of trade in six weeks, but it had accounted for almost 30 percent of that trade itself as it worked to keep the window operating.
The Kenyan shilling KES= edged down on Thursday due to increased dollar demand from oil importers, while traders said they were on the lookout for dollar sales by the central bank.
KENYA AIRWAYS DEBT
Kenyan lawmakers on Thursday approved a government proposal to guarantee $750 million worth of debt owed by Kenya Airways KQNA.NR, part of a broader financial restructuring, parliament said in a statement.
Ghana named Standard Chartered Bank STAN.L and local lender Fidelity as lead managers for a 10 billion cedi ($2.27 billion) local bond to clear debts owed by public sector energy utilities, the Finance Ministry said on Thursday.
Zimbabwe's inflation rate quickened to 0.75 percent year-on-year in May from 0.48 percent in April, data from the national statistics agency showed on Thursday.