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African Markets - Factors to watch on July 22

Published 22/07/2019, 06:01
© Reuters.  African Markets - Factors to watch on July 22

The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Monday.
- - - - -
GLOBAL MARKETS
Asia stocks fell on Monday as investors scaled back
expectations of an aggressive interest rate cut by the
Federal Reserve, while heightened Middle East tensions
following Iran's seizure of a British tanker lifted crude
oil prices.
MKTS/GLOB

WORLD OIL PRICES
Oil prices rose on Monday on concerns that Iran's seizure of
a British tanker last week may lead to supply disruptions in
the Middle East and after Libya reported the shut down of
its largest oil field.
O/R

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

AFRICA ECONOMIES
Sub-Saharan Africa will stay on its recovery path next year
provided heavyweight economies punch better, a Reuters poll
found, but it will still grow below potential for a part of
the world with a growing population.
SOCCER
Played in the searing heat of the Egyptian summer, against a
backdrop of chaos in the regional governing body CAF and
enlarged to an unwieldy 24 teams, this year's Africa Cup of
Nations defied logic and, on the pitch at least, turned into
a surprising success.
AFRICA MARKETS
South Africa's rand weakened on Friday, giving back some of
the big gains from the previous session as expectations of
an aggressive interest rate cut by the Federal Reserve
cooled, prompting investors to pocket end-of-week profits.
MARKETS
Nigerian stocks rose 0.2% on Friday to end a week-long
losing streak as major sectors on the bourse gained
alongside heavyweight telecoms firm MTN Nigeria MTNN.LG .
MARKETS
The Kenyan shilling KES= held steady against the dollar on
Thursday with inflows from offshore investors buying
government debt offering support against excess liquidity in
the local money markets.
MINING
Barrick Gold Corp ABX.TO, GOLD.N has struck a deal to buy
out its fellow shareholders in Acacia Mining ACAA.L with a
higher bid than originally proposed, raising expectations
Acacia's long-running tax dispute with the Tanzanian
government will finally be resolved.
EBOLA
A Congolese woman who may have spread the deadly Ebola virus
in Uganda did not go to Rwanda or the Congolese city of Goma
while contagious, the World Health Organization said on
Friday.
VIOLENCE
At least 17 people have been killed in clashes between
Ethiopian security forces and activists seeking a new
autonomous region for their Sidama ethnic group, according
to a local official and hospital authorities.
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