African Markets - Factors to watch on June 9

Reuters06-09
African Markets - Factors to watch on June 9

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.

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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.nL4N3SC038MKTS/GLOB

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.nL4N3SB03L

O/R

EMERGING MARKETS

For the top emerging markets news, double click on nTOPEMRG

AFRICA STOCKS

For the latest news on South African stocks, click on .J

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.nL2N3S90GZ

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.nL8N3SB00H

NAMIBIA MINING

China's Sinomine Resource Group 002738.SZ 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.nL5N3S90M8

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.nL5N3S90PX

ZAMBIA DEBT

Zambia's Afreximbank loan is commercial and will be restructured, the country's treasury secretary said on Friday.nL5N3S90GA

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((Compiled by Nairobi Newsroom))

((Email: nairobi.newsroom@thomsonreuters.com))

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