Bullish indicating open at $55-$60, IPO prices at $37
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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GLOBAL MARKETS
Asian shares rose on Friday after U.S. President Donald
Trump said he would meet with China's top trade negotiator,
stirring hopes for an agreement, while sterling was flat
after earlier jumping on optimism over a potential Brexit
deal. MKTS/GLOB
WORLD OIL PRICES
Oil prices climbed early on Friday, building on gains in the
previous session, after producer club OPEC hinted at making
deeper cuts in supply while optimism was revived over talks
between the United States and China to end their trade
war. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand was stronger early on Thursday, as the
U.S. dollar retreated on global markets. MARKETS
Nigeria is seeking $62 billion from oil companies under
regulations that allow the government to revisit
revenue-sharing deals on petroleum sales if crude prices
exceed $20 a barrel, the attorney general told Reuters on
Thursday. COCOA
Nigeria aims to team up with Cameroon to agree a premium for
their cocoa with buyers, the vice president of the World
Cocoa Producers Organisation told Reuters, after top growers
Ivory Coast and Ghana moved to boost prices for their
crops. CURRENCIES
Uganda's shilling was seen weakening next week while traders
said the Tanzanian and Zambian currencies would likely hold
their ground. MARKETS
The Ugandan shilling UGX= traded stable on Thursday amid
flat demand for hard currency from both importers and
players in the interbank market. EBOLA
The Ebola epidemic in northeastern Democratic Republic of
Congo has been confined to a rural area rife with militias
and people on the move, making it harder to stamp out
altogether, the World Health Organization (WHO) said on
Thursday. MINING
Zambia owed major mining companies 2.8 billion kwacha ($215
million) in tax refunds as at June 30, 2019, Finance
Minister Bwalya Ng'andu said on Thursday, the latest
development in a long-running dispute with the
miners. COAST GHANA/COCOA
Top cocoa producers Ivory Coast and Ghana said on Thursday
they will re-examine the industry's sustainability schemes
as chocolate makers have been slow to pay the two nations a
living income differential (LID) for their
beans. the latest precious metals report click on GOL/
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