African Markets - Factors to watch on July 15
July 15 (Reuters) -The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.
- - - - -
EVENTS: 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. Nigeria's statistics office is expected to release the latest inflation data. GLOBAL MARKETS U.S. bond futures slipped and the dollar firmed on Monday as investors wagered the attack on U.S. presidential candidate Donald Trump made his victory more likely, while injecting a whole new level of political uncertainty into markets. MKTS/GLOB WORLD OIL PRICES Oil prices fell for a second day on Monday as the dollar gained ground amid political uncertainty in the U.S. following an attack on U.S. presidential candidate Donald Trump while investors eyed the progress of talks for a Gaza ceasefire. O/R EMERGING MARKETS For the top emerging markets news, double click on nTOPEMRG AFRICA STOCKS For the latest news on African stocks, click on .J SOUTH AFRICA MARKETS The South African rand extended its gains on Friday, as a surprisingly soft U.S. inflation data spurred bets the Federal Reserve will cut interest rates in September. KENYA MARKETS Kenya's shilling KES= weakened on Friday due to increased demand for dollars from general goods importers, while inflows from non-governmental organisations cushioned it from easing further, traders said. RWANDA ELECTION Voters in Rwanda headed to the polls on Monday to elect their next president, with 66-year-old incumbent Paul Kagame who has ruled the central African country for nearly a quarter of a century expected to cruise to victory. SENEGAL OIL Senegalese President Bassirou Diomaye Faye said on Saturday the West African country planned to renegotiate its oil contracts, saying it could have negotiated better on the contracts. CONGO POLITICS U.N. peacekeepers are unlikely to proceed with an agreed withdrawal from Congo's conflict-torn North Kivu for as long as Rwandan troops remain in the eastern province, the Congolese foreign minister said on Saturday. KENYA POLITICS Luxury cars, private helicopters, mounds of cash. The lavish lifestyles of Kenya's lawmakers, splashed across TikTok and X, added fuel to anger simmering last month among a young, plugged-in population over proposed tax hikes. SOMALIA SECURITY Eight people were killed in Somalia's capital Mogadishu on Saturday after gunfire broke out between security forces and some prisoners who had acquired weapons and were trying to escape, state media and the prisons service said. For the latest precious metals report click on GOL/ For the latest crude oil report click on O/L |
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.