NAIROBI, June 9 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.
EVENTS:
*Tanzania’s statistics office releases its consumer inflation data for May.
GLOBAL MARKETS
Shares jumped and the dollar pared recent gains on Monday as Asian markets reacted to better-than-expected U.S. jobs data ahead of talks in London aimed at mending a trade rift between the United States and China.
WORLD OIL PRICES
Oil prices held on to last week’s gains early on Monday as investors waited for U.S.-China trade talks to be held in London later in the day.
SOUTH AFRICA MARKETS
The South African rand was flat against a firmer dollar on Friday, after the world’s largest economy recorded stronger-than-expected employment data.
RWANDA SECURITY
Rwanda has said it would withdraw from the Economic Community of Central African States (ECCAS), underscoring diplomatic tensions in the region over an offensive this year by Rwanda-backed M23 rebels in eastern Congo.
NAMIBIA MINING
China’s Sinomine Resource Group said on Friday it has temporarily paused copper smelting operations at its Tsumeb plant in Namibia, citing a shortage of concentrate following a rapid expansion in smelter capacity worldwide.
BOTSWANA MINING
Botswana’s Debswana Diamond Company is temporarily pausing production at some of its mines, cutting output in response to prolonged weakness in the global diamond market, it said on Friday.
ZAMBIA DEBT
Zambia’s Afreximbank loan is commercial and will be restructured, the country’s treasury secretary said on Friday.
Source: CNBC Africa