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Africa, Forex

African Markets – Factors to watch on July 21

NAIROBI, July 21 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. – – – – – *Tuesday was a public holiday for observance of Eid al-Adha in some African countries including Kenya, Nigeria and South Africa. Markets reopen on Wednesday in Kenya and South Africa but remain closed in Nigeria. GLOBAL MARKETS Asian shares and U.S. Treasury yields rose on Wednesday, clawing back some of the week’s losses as investors reassessed economic worries, but the dollar was firm on concerns over the impact of a fast-spreading coronavirus variant. WORLD OIL PRICES Oil prices fell on Wednesday after an industry report showed an unexpected build-up in U.S. oil inventories last week, which heightened worries about a resurgence in COVID-19 infections potentially dampening fuel demand. EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on African stocks, click on SOUTH AFRICA MARKETS South Africa’s rand slipped further on Tuesday, as the fast spread of the Delta coronavirus variant made global investors nervous and drove a continued flight to safer assets. SOUTH AFRICA POLITICS A South African court granted former President Jacob Zuma’s request for a delay in his arms deal corruption trial on Tuesday, and adjourned proceedings for three weeks. MALI POLITICS Interim Mali President Assimi Goita, a special forces colonel who orchestrated two coups in the last year, said he escaped unharmed after an assailant tried to stab him during prayers at a mosque in the capital Bamako on Tuesday. For the latest precious metals report click on For the latest base metals report click on For the latest crude oil report click on Compiled by Nairobi Newsroom Email: nairobi.newsroom@thomsonreuters.com (Compiled by Nairobi Newsroom Email: nairobi.newsroom@thomsonreuters.com)


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