TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
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 were hamstrung by trade worries Tuesday as
expectations of more dovish talk from the Federal Reserve
pushed down Treasury yields and the dollar, while propelling
gold prices to six-year peaks. MKTS/GLOB
WORLD OIL PRICES
Oil fell on Tuesday amid concerns over the outlook for crude
demand, but prices were supported after Washington announced
new sanctions on Iran amid mounting tensions in the Middle
East. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand slipped slightly on Monday after strong
gains last week, as investors waited for direction from this
week's Group of 20 summit. ECONOMY
Nigeria's central bank will keep its foreign exchange
system, its governor said on Monday, supporting a
controversial managed float of the naira that investors and
the International Monetary Fund have asked the country to
dismantle. KENYA MARKETS
The Kenyan shilling KES= was stable against the dollar on
Monday with inflows from diaspora remittances helping meet
end month demand from the energy and manufacturing sector,
traders said. ETHIOPIA SECURITY
The man accused of trying to seize control of Ethiopia's
northern Amhara region was shot dead on Monday, a senior
government official said, and a number of other plotters
have been arrested. UGANDA MARKETS
The Ugandan shilling UGX= traded unchanged on Monday,
although typical month-end inflows of dollars from
non-governmental organisations were expected to help firm
it. ECONOMY
Zimbabwe made its interim currency the country's sole legal
tender on Monday, ending a decade of dollarisation and
taking a another step towards relaunching the Zimbabwean
dollar. POLITICS
The brother of Senegal's President Macky Sall has resigned
from his government post after allegations of fraud relating
to natural gas contracts, he said on Monday. POLITICS
Sudanese security forces used violence to break up a protest
in Khartoum on Monday by dozens of students demanding that
the military council which ousted former president Omar
al-Bashir hands over power to civilians. IVORY COAST COCOA
Unseasonably dry weather across Ivory Coast's cocoa regions
last week could weaken the next main crop if rainfall does
not increase in July, farmers said on Monday. the latest precious metals report click on GOL/
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