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 fell on Tuesday, following a volatile Wall
Street session as weak economic indicators and an
intensifying Sino-U.S. trade war inflamed concerns about
global growth, supporting safe-haven assets such as
bonds. MKTS/GLOB
WORLD OIL PRICES
Oil prices were pressured on Tuesday by an economic slowdown
that has started to impact fuel consumption, although some
support came from a Saudi Arabian statement that consensus
was emerging with other producers over extending supply
cuts. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand firmed on Monday, as a weakening dollar
provided many emerging currencies with some breathing space,
while stocks also gained. OIL/OANDO
A federal court in Lagos on Monday blocked Nigeria's
financial watchdog from replacing Oando's chief executive
and taking other action against the oil firm, pending
further hearings on the case, according to a court document
seen by Reuters. MARKETS
The Kenyan shilling KES= held steady against the dollar on
Monday with inflows from non governmental organisations and
diaspora remittances matching dollar demand from merchandise
importers, traders said. CENTRAL BANK
Kenya needs to urgently stamp out an upsurge of suspicious
transactions in its financial sector that imperil future
commercial activities and economic growth, Patrick Njoroge,
the central bank governor, said on Monday. REFINERY
Four units are down at Cameroon's only refinery, but the
shortage will be covered by imports starting on Tuesday, the
energy minister said late on Sunday. POLITICS
Sudan's ruling military council said on Tuesday it was
canceling all agreements with the main opposition coalition
and called for elections within nine months, following the
worst violence since President Omar al-Bashir was ousted in
April. POLITICS
A group of opposition politicians in Senegal called on
Monday for an investigation of the history of two major
offshore gas blocks run by BP BP.L after a report alleging
fraud involving President Macky Sall's brother Aliou
Sall. COAST RUBBER
Ivory Coast exported 252,706 tonnes of natural rubber from
Jan. 1 to Apr. 30, up about 10 percent from the same period
the previous year, provisional port data showed on
Friday. MINING/ELECTRICITY
Zambia has started rationing electricity to non-mining
businesses, a move expected to hurt industrial production
and commercial services, business groups said. ECONOMY
Foreign loans that use minerals as collateral may complicate
Zimbabwe's future negotiations with foreign creditors to
restructure its $8.8 billion debt, an International Monetary
Fund official said on Monday. the latest precious metals report click on GOL/
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