JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
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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EVENTS:
*Seychelles statistics bureau releases latest inflation data
GLOBAL MARKETS
Asian share markets dithered on Friday as investors waited
for concrete signs of progress in the U.S.-Mexican trade
standoff, while bracing for a U.S. jobs report that could
sway the course of interest rates
there. MKTS/GLOB
WORLD OIL PRICES
Oil prices rose more than 1% on Friday, climbing further
away from five-month lows hit earlier in the week after a
report that Washington could postpone trade tariffs on
Mexico and amid signs that OPEC and other producers may
extend their supply cuts. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand weakened to its lowest in eight months
on Thursday as the ruling African National Congress'
assertion that the independence of the central bank had not
changed did little to reassure rattled
investors. OIL
Nigeria's petroleum regulator has revoked six oil block
licences due to "legacy debts", it said in a public notice
on Thursday. SECURITY
Three protesters were killed and four others injured when
soldiers opened fire on demonstrators in a farming community
in Nigeria's Adamawa state, three sources told
Reuters. MARKETS
The Kenyan shilling KES= was stable against the dollar on
Thursday after the government's announcement that Central
Bank Governor Patrick Njoroge's term had been renewed for
another four years effective June 18, traders
said. CENTRAL BANK
Kenyan Central Bank Governor Patrick Njoroge has been given
a second and final four-year term in the job, as President
Uhuru Kenyatta opted for continuity in the face of a private
sector credit crunch and pressure to reduce government
borrowing. MARKETS
The Uganda shilling UGX= traded a touch weaker on
Thursday, on the back of some pick up in appetite for hard
currency from energy and goods importers. ZIMBABWE
Tanzania will export 700,000 tonnes of maize to Zimbabwe
after an El Nino-induced drought wilted crops, Tanzania's
president said, adding that he hoped the sale would
stimulate trade between the two nations. CURRENCIES
The Kenyan and Tanzanian shillings are expected to
strengthen next week, while the Ugandan shilling should hold
steady. COFFEE
Ethiopia, Africa's top coffee producer, is expected to
export a record-high 4 million 60-kg bags of coffee in
2019/20, the U.S. Department of Agriculture attache in Addis
Ababa said, as yields improve and the area dedicated to
coffee farming increase. POLITICS
The African Union (AU) on Thursday suspended Sudan until the
establishment of civilian rule, intensifying global pressure
on its new military leaders to stand down after the worst
violence since Omar al-Bashir's fall in April. CONGO EBOLA
Roughly a quarter of Ebola infections in eastern Congo are
estimated to be going undetected or found too late, a World
Health Organization (WHO) expert said on
Thursday. KIDNAPPING
Two Canadian women working for an aid agency were kidnapped
outside a hostel in Ghana's second city of Kumasi on
Tuesday, police said. POLITICS
Armed police used tear gas on Thursday to disperse
demonstrators demanding the resignation of Malawi's
president after an election they say was rigged, escalating
the state's response to protests that began two days
ago. ECONOMY
Mali has proposed increasing public spending by 9.4% in
2020, mainly to implement a peace deal with Tuareg
separatists and to cover defence costs as it battles
Islamist militants, the government said on
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