Nucor earnings beat by $0.08, revenue fell short of estimates
NAIROBI, Feb 19 (Reuters) - 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 and U.S. stock futures edged cautiously
higher on Wednesday, as investors tried to shake off
worries about the coronavirus epidemic after a slight
decline in the number of new cases. MKTS/GLOB
WORLD OIL PRICES
Oil prices were slightly higher on Wednesday with gains
limited by the widening economic impact from the
coronavirus epidemic that started in China, although new
confirmed cases fell for a second day in the province at
the centre of the outbreak. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
The rand extended losses on Tuesday to touch a fresh
one-week low after rating agency Moody's cut its economic
growth forecast for South Africa, raising fears that the
country may lose its last investment-grade rating.
MARKETS
The Kenyan shilling KES= weakened on Tuesday due to a
surge in dollar demand from some multinational companies
and merchandise goods importers, traders
said. ETHIOPIA
The United States will provide financial assistance to
Ethiopia as it pursues political reforms, the office of
Ethiopian Prime Minister Abiy Ahmed said on Tuesday
during a visit by U.S. Secretary of State Mike Pompeo.
AFRICA ESKOM
South Africa's ailing power utility Eskom urgently needs
more cash to stabilise its ballooning debt pile with the
funds coming from a rise in tariffs or new equity, new
chief executive Andre de Ruyter told lawmakers on
Tuesday. INFLATION
Annual inflation in Nigeria rose in January to its
highest level in nearly two years, data released on
Tuesday by the country's National Bureau of Statistics
showed, as prices increased across all categories
measured. SUDAN LOCUSTS
Swarms of locusts ravaging crops and grazing land across
east Africa have reached South Sudan, already reeling
from widespread hunger and years of civil war, the
country's agriculture minister said on Tuesday.
MINING
Zimbabwe has given holders of mining concessions up to
the end of April to pay $11 million in outstanding annual
fees or risk losing their licences, the mines minister
said on Tuesday. the latest precious metals report click on GOL/
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