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 share markets were mixed on Tuesday, as another day
awaiting clearer news on the progress of U.S.-China trade
negotiations left investors bereft of trading
motivation. MKTS/GLOB
WORLD OIL PRICES
U.S. oil prices fell for the second straight day on Tuesday
amid market jitters over limited progress between China and
the United States on rolling back trade tariffs, exacerbated
by a rise in U.S. inventories. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand weakened on Monday, as cautious
investors awaited clues on monetary policy from the local
central bank and some of the world's major central banks, as
well as developments in U.S.-China trade talks. OIL/SEPLAT
The chief executive officer of Seplat SEPLAT.LG will
retire in July and will be replaced by the chief financial
officer, the Nigerian oil company said on
Monday. INFLATION
Higher food prices pushed up annual inflation in Nigeria
last month after borders with neighbouring countries were
closed in a crackdown on smuggling. MARKETS
The Kenyan shilling KES= firmed against the dollar on
Monday supported by tightening liquidity in the local money
markets and inflows from offshore investors buying stocks
and government debt, traders said. KENYA/SANCTIONS
The United States on Monday imposed sanctions on Kenya's
former attorney general, Amos Sitswila Wako, accusing him of
involvement in "significant" corruption, according to a
statement from U.S. Secretary of State Mike
Pompeo. MARKETS
The Ugandan shilling UGX= was stable on Monday amid
lacklustre appetite for hard currency from both commercial
banks and major importers like manufacturers and energy
firms. CENTRAL BANK
Zimbabwe's central bank said on Monday it would halve its
main lending rate to 35% as it sought to boost an economy
facing its worst crisis in a decade. POLITICS
Awol Beyene got married on Sunday in a white tuxedo, with
his voting card in one hand and his bride's hand in the
other. WOODSIDE
Woodside Petroleum WPL.AX would consider increasing its
equity stake in the Sangomar oil project off Senegal if any
of its partners looked to sell down their stake, Chief
Executive Peter Coleman said on Tuesday. SECURITY
Twenty-four Malian soldiers were killed and 29 wounded in an
attack on an army patrol in northern Mali on Monday in which
17 militants were also killed, a spokesman for the army
said. the latest precious metals report click on GOL/
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