African Markets - Factors to watch on June 27
NAIROBI, June 27 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.
- - - - - GLOBAL MARKETS Stocks gained in Asia on Monday amid improved risk sentiment after Wall Street rebounded strongly at the end of last week as oil prices eased, tempering fears of prolonged inflation and the accompanying aggressive Federal Reserve tightening.
WORLD OIL PRICES Oil prices slipped more than $1 a barrel on Monday as global economic concerns depressed the oil demand outlook while investors eyed the G7 meeting this week for possible moves on Russian oil exports and a revival of the Iran nuclear deal.
EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on African stocks, click on SOUTH AFRICA MARKETS South Africa's rand strengthened against a sliding dollar on Friday, as investors started to scale back bets on how far central banks will be able to lift interest rates this cycle to rein in inflation.
KENYA MARKETS Kenya's shilling was stable against on Friday, but remained under pressure as manufacturers sought dollars amid limited inflows, traders said. NIGERIA OIL Nigeria will issue prospecting licences on Tuesday to companies that won rights to develop marginal oilfields, the petroleum industry regulator said on Saturday, some two years after authorities sought bids for the oil blocks.
NIGERIA CURRENCY Nigeria's naira NGNP= hit a record low of 614 against the dollar on the black market, where it is freely traded, traders said on Friday. ZIMBABWE STRIKE Zimbabwean healthcare workers halted a five-day-old pay strike and returned to work on Saturday, but union leaders warned they would resume the walkout if the government failed to make an improved wage offer within two weeks.
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