CTAs keep buying Treasuries, gold longs face stop-loss risk: BofA
NAIROBI, Dec 3 (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 tumbled on Tuesday after U.S. President Donald
Trump stunned markets with tariffs against imports from
Brazil and Argentina, recharging fears about global trade
tensions, while weak U.S. factory data added to the investor
gloom. MKTS/GLOB
WORLD OIL PRICES
Oil prices rose for a second day on Tuesday as Saudi Arabia,
the de facto OPEC leader and the world's biggest oil
exporter, is pushing producers to deepen a supply cut
agreement when suppliers meet this week, potentially
lowering supply in 2020. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand powered to a 5-week best as a
contraction in the U.S. manufacturing sector boosted bids
for risk and emerging markets' currencies and fuelled bets
the Federal Reserve would cut lending rates.
MARKETS
The Kenyan shilling KES= was under pressure on Monday as
strong dollar demand by merchandise importers outstripped
inflows from non-governmental organisations, traders said.
MOZAMBIQUE DEBT
A U.S. jury on Monday cleared a lead salesman for a Lebanese
shipbuilding company of charges that he helped to defraud
U.S. investors in bonds backed by the Mozambican government.
UGANDA MINING
Uganda has contracted a South African company to conduct a
mineral survey and mapping exercise in a northeast region
that may hold substantial deposits of gold, copper and other
lucrative minerals.
ETHIOPIA BANKING
Ethiopia will not open up its banking and insurance firms to
foreign ownership even as it clears the way for overseas
investors to buy into other sectors of its economy, a draft
law seen by Reuters on Monday showed.
UGANDA OIL
Uganda said on Monday it had settled a tax dispute with
international oil firms, clearing the way for Britain's
Tullow Oil TLW.L to revive plans to sell a stake in its
assets and allow the firms to move to a final decision on
development. For the latest precious metals report click on GOL/
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For the latest crude oil report click on O/L