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African Markets - Factors to watch on July 2

Published 02/07/2019, 05:40
Updated 02/07/2019, 05:50
African Markets - Factors to watch on July 2
USD/KES
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SCOM
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NAIROBI, July 2 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Tuesday.
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GLOBAL MARKETS
Asian shares wobbled on Tuesday, U.S. Treasury yields fell
and gold rose as weak global manufacturing activity
reinforced worries about slowing growth while uncertainties
over the prospect of a Sino-U.S. trade deal also hurt
sentiment. MKTS/GLOB
WORLD OIL PRICES
Oil prices drifted lower on Tuesday, as weak global data
raised concerns about future demand for the commodity
despite a positive boost from OPEC's decision to extend
supply cuts until next March. O/R

EMERGING MARKETS
For the top emerging markets news, double click on
STOCKS
For the latest news on African stocks, click on .J

SOUTH AFRICA MARKETS
South Africa's rand inched firmer on Monday, clinging on to
a month's worth of gains towards the crucial 14.00 mark
despite the dollar recovering from its recent slump as trade
tensions between Washington and Beijing thawed.

KENYA MARKETS
The Kenyan shilling KES= was under pressure against the
dollar on Monday due to excess local currency liquidity in
the money market, traders said. KENYA TELECOMS
Bob Collymore, the chief executive who helped to turn
Safaricom Plc SCOM.NR into East Africa's most profitable
company with an $11 billion valuation, has died after a
nearly two-year long battle with cancer.

IVORY COAST COCOA
Ivory Coast plans to stamp out illegal cocoa production from
national parks and forest reserves over the next five years
to control output better and support a new floor price,
officials from the government and its cocoa regulator told
Reuters. ZIMBABWE CURRENCY
Zimbabweans will be allowed to withdraw up to 1,000 U.S.
dollars in cash a day from foreign currency accounts,
Finance Minister Mthuli Ncube said on Monday, as the country
prepares to relaunch its own currency after a decade of
dollarisation. the latest precious metals report click on GOLD/
For the latest base metals report click on MET/L
For the latest crude oil report click on O/L

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