African Markets - Factors to watch on April 21

  • Reuters
  • Stock Market News
African Markets - Factors to watch on April 21
Credit: © Reuters.

NAIROBI, April 21 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday.

- - - - - GLOBAL MARKETS Asian shares and U.S. stock futures fell on Wednesday as concern about a resurgence of coronavirus cases in some countries cast doubt on the strength of global growth and demand for crude oil . MKTS/GLOB

WORLD OIL PRICES Oil prices fell for a second day on Wednesday on concerns that soaring COVID-19 cases in India will drive down fuel demand in the world's third biggest oil importer. O/R

EMERGING MARKETS For the top emerging markets news, double click on STOCKS For the latest news on African stocks, click on .J

SOUTH AFRICA MARKETS South Africa's rand weakened on Tuesday as the dollar steadied and global investors awaited further clues on the direction of global lending rates. MARKETS The Kenyan shilling KES= weakened slightly on Tuesday but was cushioned by the central bank selling dollars in the foreign exchange market, traders said. CEMENT Lawmakers on Tuesday criticised the dominance of three large firms in Nigeria's cement industry amid price rises they said impedes construction critical to economic recovery, calling for looser licensing rules to attract new entrants. SECURITY The death toll from violence last week in Ethiopia's northern Amhara region has risen to at least 50, residents said on Tuesday, amid tensions in the area between the country's two largest ethnic groups, the Oromo and Amhara. SECURITY Chad's president, Idriss Deby, who ruled his country for more than 30 years and was an important Western ally in the fight against Islamist militants in Africa, was killed on Monday in a battle against rebels in the north, authorities said. REPUBLIC OF CONGO REPARATIONS Lawyers for the Democratic Republic of Congo on Tuesday told the International Court of Justice that they are seeking $4.3 billion in reparations payments from neighbouring Uganda for its role in the conflicts in the country's mineral-rich Ituri province. the latest precious metals report click on GOL/

For the latest base metals report click on MET/L

For the latest crude oil report click on O/L

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