Africa-Press – Eritrea. The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.
Global markets
The dollar and longer-dated U.S. Treasuries slid on Tuesday after President Donald Trump announced he was firing a Federal Reserve governor, an unprecedented move that further undermines confidence in the Fed’s independence and U.S. assets.
World oil prices
Oil prices edged down on Tuesday after surging nearly 2% in the previous session, as traders kept a close watch on developments in the Russia-Ukraine conflict for the potential impact on fuel supplies from the region.
South Africa markets
The South African rand was on the backfoot on Monday as investors booked profits after a rally that took the currency to a nine-month peak.
Nigeria energy
Nigeria’s state oil firm NNPC Limited said on Monday nearly all pipeline theft has been eliminated after coordinated efforts by the country’s defence and intelligence agencies.
Zimbabwe trade
Zimbabwe has brought back a ban on maize imports to boost local farmers, and has grown enough of its own this year to supply its millers after a bumper harvest, a senior agriculture ministry official said on Monday.
Ivory Coast cocoa
Farmers across most of Ivory Coast’s cocoa-growing regions said on Monday more sunshine and rains were needed from September to boost the next October-to-March main crop.
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