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African Markets - Factors to watch on July 14 - CNBC Africa

Published 8 hours ago2 minute read
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NAIROBI, July 14 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.

Wall Street and European share futures pulled Asian indices lower on Monday as the latest salvo of threats in the U.S. tariff wars kept investors on edge, though there were still hopes it was mainly bluster by President Donald Trump.

Oil prices nudged higher on Monday, adding to gains of more than 2% from Friday, as investors eyed further U.S. sanctions on Russia that may affect global supplies, but a ramp-up in Saudi output and ongoing tariff uncertainty limited gains.

The South African rand fell against a firmer dollar on Friday as U.S. President Donald Trump’s tariff threats kept markets on edge.

Azule Energy, a partnership between BP and Eni in Angola, discovered gas in its first gas-specific exploration well off the country’s shores, the national oil and gas agency ANGP said late on Friday.

Ethiopia launched a secondary market for trading treasury bills and equities on Friday, a major step forward for its nascent securities exchange which launched earlier this year as part of a drive to liberalise the tightly controlled economy.

((Compiled by Nairobi Newsroom))

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