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African Markets - Factors to watch on August 19

Published 19/08/2019, 06:29
© Reuters.  African Markets - Factors to watch on August 19
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NAIROBI, Aug 19 (Reuters) - The following company

announcements, scheduled economic indicators, debt and currency

market moves and political events may affect African markets on

Monday.

- - - - -

EVENTS:

* Tanzanian investigative journalist to appear in court on

financial charges

* Zimbabwe opposition plans to hold anti-government protests in

second city

GLOBAL MARKETS

Asian stocks tracked the Wall Street rally on Monday and

found an extra tailwind from a move by China's central bank

to change the way a key interest rate benchmark is set, seen

by analysts as reducing borrowing costs for companies.

MKTS/GLOB

WORLD OIL PRICES

Crude oil prices rose on Monday following a weekend attack

on a Saudi oil facility by Yemeni separatists and as traders

looked for any signs that Sino-U.S. trade tensions could

ease. 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 firmed on Friday, adding to the previous

session's gains as hopes of further stimulus in China helped

developing world currencies hold their ground against the

dollar. MARKETS

The Kenyan shilling KES= was firm against the dollar on

Friday with inflows from portfolio investors buying

government debt helping subdue dollar demand from oil and

merchandise importers, traders said. OIL

Nigerian state oil company NNPC said on Sunday that 15

companies had won the right to swap the nation's crude oil

for fuels following a tender for the deals. ECONOMY

The U.S.-China trade war and uncertainty over Brexit pose

risks to Africa's economic prospects that are "increasing by

the day," the head of the African Development Bank (AfDB)

told Reuters. the latest precious metals report click on GOL/

For the latest base metals report click on MET/L

For the latest crude oil report click on O/L

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