African Markets - Factors to watch on April 22

  • Reuters
  • Stock Market News
African Markets - Factors to watch on April 22
Credit: © Reuters.

NAIROBI, April 22 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.

- - - - - GLOBAL MARKETS Asian stocks rose on Thursday, extending a rebound in global markets following a sharp selloff earlier this week, while oil prices eased again on worries about rising COVID-19 cases in some parts of the world. MKTS/GLOB

WORLD OIL PRICES Oil prices fell for a third day on Thursday as a surprise build in U.S. crude inventories and a resurgence of COVID-19 cases in India and Japan raised concerns that a recovery in global economy and fuel demand may slow. 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 firmed on Wednesday, erasing losses from the previous session as investors continued to see value in the high-yielding, high-risk currency despite an uptick in local inflation. MARKETS The Kenyan shilling KES= weakened on Wednesday, traders said, a day after central bank sold dollars to cushion it. DEBT Nigeria's senate approved on Wednesday taking external loans worth $1.5 billion and 995 mln euros ($1.2 billion) from the World Bank and Brazil. ECONOMY Ghana's economy grew 0.4% in 2020, gathering steam in the last three months after contractions in the second and third quarters due to the coronavirus outbreak, the country's statistics agency said on Wednesday. SECURITY The son of Chad's slain leader Idriss Deby took over as president and armed forces commander on Wednesday as rebel forces threatened to march on the capital, deepening the turmoil in a country vital to international efforts to combat Islamist militants in Africa. ENERGY Mozambique President Filipe Nyusi said on Wednesday the government will work to restore peace in the country after a deadly militant attack last month near multi-billion-dollar gas projects backed by global oil companies. CORONAVIRUS The problems faced by Ghana, one of sub-Saharan Africa's more economically developed nations, illustrate how a continent with experience in battling deadly infectious diseases has found itself ill-prepared to inoculate people against this pandemic. 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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