African Markets - Factors to watch on June 2
NAIROBI, June 2 (Reuters) - 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 stocks slipped broadly in choppy Tuesday trading as doubts over the durability of a Middle East ceasefire blunted the boost from AI optimism.nL6N42A03ZMKTS/GLOB WORLD OIL PRICES Oil prices held on to most of the previous session's sharp gains in early trade on Tuesday on uncertainty over the status of ceasefire talks between the United States and Iran and the potential reopening of the Strait of Hormuz.nL4N4291RBO/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 weakened on Monday after a survey showed factory sentiment eased in May, while higher oil prices dampened risk appetite.nL1N4290EL ETHIOPIA POLITICS Voting took place in Ethiopia on Monday in parliamentary and regional elections expected to hand Prime Minister Abiy Ahmed's ruling Prosperity Party an easy victory, despite significant unrest in much of the country.nL1N42907R DRC HEALTH - EBOLA Democratic Republic of Congo said on Monday that the number of confirmed Ebola cases had increased to 321, with three provinces affected.nL6N4291BP SENEGAL POLITICS Senegal's recently ousted prime minister, Ousmane Sonko, announced on Monday that the political party he leads will not participate in the country's new government, raising the prospect of political gridlock amid a daunting debt crisis.nL6N42917G US - AFRICA RELATIONS The United States will slash the number of embassies in Africa that process visas by more than half, the Associated Press reported on Monday, citing sources.nL6N42914P WEST AFRICA OIL PRICES Initial offers of Angolan crude for July loading heard on Monday suggested a market under downward pressure, despite ongoing disruptions to Middle East supplies. nL6N4290YN
KENYA HEALTH - EBOLA Hundreds of people took to the streets in the central Kenyan town of Nanyuki on Monday to protest moves by the United States to set up an Ebola quarantine facility at a military base there, residents told Reuters, days after the High Court ordered the government to suspend the plan temporarily.nL8N4290OT For the latest precious metals report click on GOL/ For the latest crude oil report click on O/L |
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