NAIROBI, June 2 (Reuters) – 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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Global stocks hit a record high on Friday and Asian markets
rose to their best levels in more than two years as upbeat
data on U.S. manufacturing and employment and buoyant
European factory growth boosted investor optimism.
WORLD OIL PRICES
Oil prices dropped on Friday amid worries that U.S.
President Donald Trump’s decision to abandon a global
climate pact could spark more crude drilling in the United
States, stoking a persistent glut in global supply.
SOUTH AFRICA MARKETS
South Africa’s rand rose to its firmest in three sessions on
Thursday after Fitch kept its credit rating unchanged at one
notch below investment, while increased pressure on
President Jacob Zuma also lifted the currency and bonds.
Nigeria stocks jumped to a 11-month high on Thursday, driven
by gains in banking and cement shares as investors took
advantage of the low valuation for some commercial bank
Ghana accepted 705.16 million cedis ($163.47 mln) worth of
bids for a three-year domestic bond issued on Thursday that
will pay a yield of 18.5 percent, lead arrangers said.
Barclays cut its stake in Barclays Africa Group
to 15 percent sooner than expected on Thursday,
ending more than 90 years as a major presence in the
Angola’s central bank kept its benchmark lending rate
unchanged at 16 percent following a policy meeting on May
30, the regulator said in a statement posted on Thursday on
IVORY COAST COCOA
Ivory Coast, the world’s top cocoa grower, had sold forward
about 940,000 tonnes of its 2017/18 production by May 26 and
aims to auction a total of 1.2 million tonnes by the end of
September, two sources involved in the process said on