African Markets - Factors to watch on July 22
NAIROBI, July 22 (Reuters) -The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.
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GLOBAL MARKETS Asian shares slid anew on Monday, getting little lift from a surprise rate cut by China's central bank, while Wall Street futures firmed in the wake of President Joe Biden's decision to bow out of the election race.nL1N3JE01NMKTS/GLOB WORLD OIL PRICES Oil prices rose in early trade on Monday as investors keep a lookout for signs of a rate-cut cycle expected to begin as soon as September.nL8N3JD0COO/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 South Africa's rand weakened against the dollar on Friday, weighed down by risk-off sentiment as a worldwide cyber outage cut across sectors and worried investors.nL1N3JB0RH NIGERIA PETROLEUM Nigeria's Dangote refinery is in talks with Libya to secure crude for the 650,000 barrels per day (bpd) plant and will also seek Angolan oil, a senior executive said, as it seeks to overcome problems with domestic supplies.nL8N3JC0BI NIGERIA META Nigeria fined Meta Platforms META.O $220 million, its competition watchdog said on Friday, after investigations showed data-sharing on social platforms violated local consumer, data protection and privacy laws.nL1N3JB0XH KENYA MARKETS Kenya's shilling KES= was stable on Friday but faced pressure from interbank foreign currency demand amid thin supply, traders said.nL4N3JB0MM KENYA POLITICS Kenyan President William Ruto on Friday mostly named holdovers from the cabinet he sacked last week to a new government meant to respond to the grievances of young protesters.nL8N3JB0W5 DEMOCRATIC REPUBLIC OF CONGO MINING The governor of Democratic Republic of Congo's South Kivu province has suspended all mining activities in the restive region and ordered companies and operators to leave mining sites, he said on Friday.nL1N3JB0KQ ANGOLA CENTRAL BANK RATE Angola's central bank kept its main interest rate at 19.5% on Friday, citing a potential slowdown in inflation and an improvement in the supply of essential goods in the near term.nL8N3JB1O4 For the latest precious metals report click on GOL/ For the latest crude oil report click on O/L |
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