African Markets - Factors to watch on July 11
NAIROBI, July 11 (Reuters) -The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.
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EVENTS: *Mauritius' central bank is expected to announce its latest benchmark lending rate decision. GLOBAL MARKETS Stocks rose on Thursday, with markets from Tokyo to New York at record highs, while traders counted down to U.S. data that is expected to show inflation easing and pave the way for rate cuts in September.nL1N3J3026MKTS/GLOB WORLD OIL PRICES Oil prices edged higher on Thursday as crude stocks fell after U.S. refineries ramped up processing and as gasoline inventories eased, signalling stronger demand.nL4N3J300P O/R EMERGING MARKETS For the top emerging markets news, double click on nTOPEMRG AFRICA STOCKS For the latest news on South African stocks, click on .J SOUTH AFRICA MARKETS The South African rand gained on Wednesday against a weaker dollar, as focus remains on the future interest rate path of the world's biggest economy.nL1N3J20OI KENYA MARKETS Kenya's shilling KES= weakened on Wednesday, pressured by increased foreign-currency demand and a credit rating downgrade by Moody's, traders said.nL8N3J20EW UGANDA AIRTEL SHARES Telecom firm Airtel Uganda AIRTEL.UG, a unit of India's Bharti Airtel, said on Wednesday it plans to sell shares left over from its undersubscribed initial public offering to comply with regulatory requirements.nL8N3J21AY ETHIO TELECOM RESULTS Ethiopian state-owned telecom company Ethio Telecom said on Wednesday that its full-year revenue and net profit rose by more 20% in the year that ended in June.nL8N3J20HE RWANDA ELECTION Rwandan President Paul Kagame is expected to cruise to a fourth term in office in an election on Monday against two opposition candidates who were cleared to run against him but have only modest expectations.nL8N3J20TY GHANA INFLATION Ghana's consumer inflation GHCPIY=ECI slowed for a third consecutive month to 22.8% year-on-year in June from 23.1% in May, the statistics service said on Wednesday.nL8N3J20MZ ZIMBABWE ECONOMY Zimbabwe has revised its economic growth forecast downwards as southern Africa's worst drought in decades ravages crop yields, its finance minister told Reuters on Wednesday, but a bounceback in growth is likely in 2025.nL8N3J20JA For the latest precious metals report click on GOL/ For the latest crude oil report click on O/L |
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