July 7 (Reuters) - The following company announcements,
scheduled economic indicators, debt and currency market moves
and political events may affect African markets on Tuesday.
- - - - -
EVENTS:
* Seychelles to release inflation data for June. The
year-on-year inflation rate stood at -0.18% in May.
GLOBAL MARKETS
Asian shares paused for breath on Tuesday following a surge
sparked by speculation Beijing is trying to orchestrate a
major domestic bull run to support an economy hit by the
coronavirus and a standoff with
Washington. MKTS/GLOB
WORLD OIL PRICES
Oil prices fell on Tuesday, erasing earlier gains, on
concerns that the surge in coronavirus cases in the United
States, the world's biggest oil user, will limit a recovery
in fuel demand. O/R
EMERGING MARKETS
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STOCKS
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SOUTH AFRICA MARKETS
South Africa's rand firmed on Monday, thanks to a broad
recovery in risk appetite on growing expectations of a
strong Chinese economic rebound. MARKETS
Nigeria's central bank collected 122 billion naira ($338
million) from banks with excess cash before weakening the
currency at a retail auction on Friday, in a move to unify
its multiple exchange rates, bankers told Reuters on
Monday. MARKETS
The Kenyan shilling KES= was stable on Monday, supported
by inflows from horticulture exports amid light dollar
demand from the energy and manufacturing sectors, traders
said. LOCKDOWN
Kenya's President Uhuru Kenyatta announced on Monday a
phased reopening of the country from a COVID-19 lockdown,
lifting restrictions on travel in and out of the capital
Nairobi and allowing air travel to resume. MINING
Barrick Gold's ABX.TO Kibali gold mining joint venture in
Democratic Republic of Congo will be able to get $500
million out of the country very soon, CEO Mark Bristow told
Reuters on Monday. KENYA AIRLINE
Kenya Airways KQNA.NR will lay off an unspecified number
of workers, reduce its network and also get rid of some
assets due to the coronavirus crisis, its chief executive
said in an internal memo seen by Reuters. COAST COCOA
Cocoa arrivals at ports in top grower Ivory Coast reached
1.962 million tonnes between Oct. 1 and July 5, exporters
estimated on Monday, down 6.4% from 2.097 mln tonnes over
the same period last season. the latest precious metals report click on GOL/
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