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 share markets were mixed on Tuesday, as another day awaiting clearer news on the progress of U.S.-China trade negotiations left investors bereft of trading motivation. MKTS/GLOB
WORLD OIL PRICES U.S. oil prices fell for the second straight day on Tuesday amid market jitters over limited progress between China and the United States on rolling back trade tariffs, exacerbated by a rise in U.S. inventories. O/R
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SOUTH AFRICA MARKETS South Africa's rand weakened on Monday, as cautious investors awaited clues on monetary policy from the local central bank and some of the world's major central banks, as well as developments in U.S.-China trade talks. OIL/SEPLAT The chief executive officer of Seplat SEPLAT.LG will retire in July and will be replaced by the chief financial officer, the Nigerian oil company said on Monday. INFLATION Higher food prices pushed up annual inflation in Nigeria last month after borders with neighbouring countries were closed in a crackdown on smuggling. MARKETS The Kenyan shilling KES= firmed against the dollar on Monday supported by tightening liquidity in the local money markets and inflows from offshore investors buying stocks and government debt, traders said. KENYA/SANCTIONS The United States on Monday imposed sanctions on Kenya's former attorney general, Amos Sitswila Wako, accusing him of involvement in "significant" corruption, according to a statement from U.S. Secretary of State Mike Pompeo. MARKETS The Ugandan shilling UGX= was stable on Monday amid lacklustre appetite for hard currency from both commercial banks and major importers like manufacturers and energy firms. CENTRAL BANK Zimbabwe's central bank said on Monday it would halve its main lending rate to 35% as it sought to boost an economy facing its worst crisis in a decade. POLITICS Awol Beyene got married on Sunday in a white tuxedo, with his voting card in one hand and his bride's hand in the other. WOODSIDE Woodside Petroleum WPL.AX would consider increasing its equity stake in the Sangomar oil project off Senegal if any of its partners looked to sell down their stake, Chief Executive Peter Coleman said on Tuesday. SECURITY Twenty-four Malian soldiers were killed and 29 wounded in an attack on an army patrol in northern Mali on Monday in which 17 militants were also killed, a spokesman for the army said. the latest precious metals report click on GOL/
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