NAIROBI, July 5 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Friday.
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GLOBAL MARKETS
Asian shares hovered near two-month highs on Friday, holding
recent gains as investors awaited U.S. employment data, a
key release that could make or break market expectations
about aggressive policy easing by the Federal Reserve.
MKTS/GLOB
WORLD OIL PRICES
Crude oil prices fell on Friday as concerns over the outlook
for global economic growth outweighed elevated tensions in
the Middle East that could disrupt supply routes and send
prices higher. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand rose against the dollar on Thursday to
hit its strongest in nearly three months, tracking fellow
emerging market currencies, as the dollar was dented by
hopes of U.S. interest rate cuts. MARKETS
The Kenyan shilling KES= strengthened against the dollar
on Thursday due to banks unwinding their long dollar
positions amid reduced dollar demand from oil and
merchandise importers, traders said.
NIGERIA POLITICS
The failure of Nigeria's president to appoint a cabinet four
months after winning a second term has stymied the country's
stock market, prompted foreign investors to trim holdings
and threatened growth prospects for Africa's largest
economy. DEMOCRATIC REPUBLIC OF CONGO MINING
Congolese security forces evicted thousands of illegal
miners from a copper and cobalt mine run by Glencore
GLEN.L on Thursday, sparking angry protests outside the
governor's office and looting of shops, local activists
said.
ETHIOPIA POLITICS
Ethiopia's destabilising regional frictions may worsen this
month if the small Sidama ethnic group carries out a threat
to unilaterally declare a new semi-autonomous region in
defiance of the federal government, a global think-tank said
on Thursday.
ZAMBIA MINING
Mining company Vedanta VDAN.NS said on Thursday that it is
seeking an urgent court order in South Africa to prevent
Zambia's mining investment arm ZCCM from winding up its
disputed Konkola Copper Mines (KCM) business.
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