African Markets - Factors to watch on June 4
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Zambia's bondholders to vote on $3 billion restructuring deal. Uganda's central bank announces benchmark lending rate decision. Asian share markets weaken as U.S. manufacturing activity weakens. Oil prices ease amid cautious demand outlook. South Africa's rand, stocks, and bonds gain on coalition deal prospects. Kenya's shilling steady supported by hard-currency inflows. South Korea to cooperate with African nations for critical minerals supply. Britain plans to deport asylum seekers to Rwanda. Nigeria's main labour unions begin indefinite strike over minimum wage. Somalia threatens to expel Ethiopian troops over disputed port deal. Nigeria's central bank revokes banking license of Heritage Bank. Tanzania and Ethiopia sign loan accords with South Korea for access to Africa's mineral resources.
#AfricanMarkets #Zambia #Uganda #AsianShareMarkets #OilPrices #SouthAfrica #Kenya #SouthKorea #Rwanda #Nigeria #Somalia #Tanzania #Ethiopia
https://www.cnbcafrica.com/2024/african-markets-factors-to-watch-on-june-4/