African Markets - Factors to watch on July 25
NAIROBI, July 25 (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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GLOBAL MARKETS Asian shares were hammered on Thursday as a slump in global tech stocks sent investors fleeing into less risky assets, including short-dated bonds, the yen and Swiss franc.nL1N3JH04IMKTS/GLOB WORLD OIL PRICES Oil prices eased on Thursday as concerns over weak demand in China, the world's largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains in the previous session after draws in U.S. inventories.nL1N3JH037O/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 recouped some losses against a weaker dollar on Wednesday even as national inflation slowed, fuelling hopes of an interest rate cut by the South African Reserve Bank (SARB).nL1N3JG0NY NIGERIA PETROLEUM Eni ENI.MI has received formal approval from the Nigerian Upstream Petroleum Regulatory Commission to sell its unit Nigerian Agip Oil Company (NAOC) to the country's leading energy company OANDO OANDO.LG, the Italian group said on Tuesday.nL8N3JG27I NIGERIA POLITICS Nigeria's government on Wednesday pleaded for more time and patience to end economic hardships as citizens mobilise for demonstrations, a day after the country's police chief warned against protests.nL8N3JG28V KENYA MARKETS Kenya's shilling KES= was weaker against the dollar in early trade on Wednesday, LSEG data showed.nL8N3JG0KN KENYA POLITICS Kenyan President William Ruto on Wednesday nominated four members of the main opposition party to a "broad-based" cabinet he promised in response to nationwide protests, but activists criticised the new government as a corrupt bargain.nL1N3JG0AX For the latest precious metals report click on GOL/ For the latest crude oil report click on O/L |
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