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 see-sawed in a wild ride on Tuesday following
confusing statements from the White House over the
U.S.-China trade deal, with President Donald Trump later
clarifying the pact was "fully intact." MKTS/GLOB
WORLD OIL PRICES
Oil prices were volatile on Tuesday after markets were
spooked by surprise comments from White House trade adviser
Peter Navarro saying a hard-won U.S-China trade deal was
"over", though he later said his comments had been taken out
of context.
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EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand steadied against the dollar in late
trade on Monday as investors waited for a supplementary
budget due on Wednesday that is expected to show a markedly
wider budget deficit.
MARKETS
The Kenyan shilling KES= was stable on Monday with inflows
from horticulture exports and diaspora remittances supplying
end month dollar demand from merchandise importers, traders
said. WTO TRADE
The West African regional bloc ECOWAS is backing Nigeria's
candidate to head the World Trade Organization (WTO) and
calls on other African countries to follow, a document
showed on Monday, in a possible step towards uniting Africa
behind her. ELECTION
Malawians vote on Tuesday in a re-run of a discredited poll
that has become a test case for the ability of African
courts to tackle vote fraud and restrain presidential
power. COAST AGRICULTURE
Ivory Coast's cotton industry will struggle to cover its
costs after exporting just 20% of last season's 210,902
tonnes of fibre because of COVID-19 disruptions in top
buying destinations in Asia, the cotton ginners' association
told Reuters on Monday. LNG
Partners in Mozambique LNG, the $20 billion gas project led
by Total TOTF.PA , have received a $2.25 billion guarantee
from the government that it will pay the state oil company's
equity share if required, Portugal's Lusa news agency said.
CORONAVIRUS
Liberian President George Weah extended a state of emergency
over the COVID-19 pandemic by 30 days on Monday, citing an
exponential increase in the number of cases despite
compulsory mask-wearing and stay-at-home orders.
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