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Africa, Forex

African Markets – Factors to watch on July 23

NAIROBI, July 23 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. – – – – – GLOBAL MARKETS Asian share markets were in a mixed mood on Friday after a volatile week in which sentiment over global growth waxed and waned with every new headline on the Delta variant. WORLD OIL PRICES Oil prices trimmed overnight gains on Friday but were poised to end the week largely steady after rebounding from a sharp drop, underpinned by expectations supply will remain tight as demand recovers. 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 slid on Thursday as the central bank held interest rates and suggested monetary policy was likely to stay accommodative for a long time, and jobless claims data in the United States deterred risk-taking. NIGERIA MARKETS Shares in Nigeria’s Oando surged around 10% to a five-month high on Thursday after the oil firm settled a long-running dispute with the country’s securities regulator, helping to lift the wider equities market. KENYA MARKETS Kenya’s shilling was steady on Thursday and traders said they expected it to weaken due to excess liquidity in the money markets. ETHIOPIA CONFLICT Attacks by Tigrayan fighters in Ethiopia’s Afar region have forced over 54,000 people from their homes, an official said on Thursday, and refugees in a camp in southern Tigray described heavy clashes nearby. nL1N2OY10B MADAGASCAR POLITICS Police in Madagascar this week arrested six people, including one foreign citizen, suspected of plotting to kill the president following what officials in the Indian Ocean island nation said was a months-long investigation. For the latest precious metals report click on For the latest base metals report click on For the latest crude oil report click on

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