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CORRECTED-African Markets - Factors to watch on July 24
(Corrects date in headline and day in first paragraph)
NAIROBI, July 24 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
- - - - -
*ZAMBIA - The statistics office is expected to release July
consumer price index data any time starting today.
Asian stocks slipped on Monday as demand for riskier assets
ebbed after their recent strong gain
BRIEF-Delta expands Austin, adds Medford, Oregon service from Seattle
Delta Air Lines Inc(DAL): * Press release - Delta expands Austin, adds Medford, Oregon service from Seattle. * Says will add a second daily nonstop flight from Seattle to Austin, Texas, beginning Oct. 1, 2017. * Will add a second daily nonstop flight from Seattle To Austin, Texas, beginning Oct. 1, 2017.
Tesla's stock could make new highs as Model 3 production ramps--analyst
Shares of Tesla Inc. slumped 1.4% in premarket trade, on the back of downbeat deliveries data, but Baird analyst Ben Kallo said he believed the weakness will be short lived as investors start looking ahead to the Model 3 introduction later this month Kallo reiterated his outperform rating and stock price target of $368, which is 4.4% above Monday's closing price of $352.62. Despite the disappointing second-quarter deliveries data, Kallo said what he believes is important is that Tesla indicated it expects to increase combined deliveries of the Model S and Model X, which demonstrates continued demand for Tesla vehicles. The Model 3 is set to be introduced on July 28. "The release of Q2 deliveries was another de-risking event for the stock, and we expect shares to trade higher as investors are increasingly able to focus on the Model 3," Kallo wrote in a note to clients. He said the stock could "make new highs"--the record close was $383.45 on June 23--as Model 3 production ramps. The stock has soared 65% year to date through Monday, while the S&P 500 has gained 8.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BA to get strike cover from Qatar Airways
British Airways wins approval to lease planes and staff from Qatar Airways to cover flights as 16-day strike begins.
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