Africa-Press – Mauritius. The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.
Events:
Global ratings agency S&P is scheduled to host a Kenya credit outlook event in Nairobi, featuring a range of speakers.
Zimbabwe’s finance minister presents a mid-year budget review in parliament.
Uganda releases consumer inflation data for July.
Kenya releases consumer inflation data for July.
Global markets
Asian equities slipped on Thursday, weighed down by weaker-than-expected Chinese activity data and a plunge in copper prices, while the yen firmed after the Bank of Japan raised its inflation forecast for the fiscal year and held rates steady.
World oil prices
Oil prices steadied on Thursday as investors weighed the risk of supply shortages amid U.S. President Donald Trump’s push for a swift resolution to the war in Ukraine through more tariffs, though a surprise build in U.S. crude stocks weighed on prices.
South Africa markets
South Africa’s rand was flat in early trade on Wednesday, with mounting pressure on the country to ink a trade pact with the United States before Washington’s August 1 deadline.
Nigeria health
Nurses in Nigeria’s public hospitals began a seven-day “warning” strike on Wednesday, demanding improved remuneration, better working conditions and increased recruitment, after a two-week ultimatum to the government expired without resolution.
Africa cenbank
Sub-Saharan African central banks that have added gold to their reserves in recent years could face price and liquidity crises if the value of the precious metal slides, BMI, a unit of Fitch Group, said on Wednesday.
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