African Markets - Factors to watch on April 26

  • Reuters
  • Stock Market News
African Markets - Factors to watch on April 26

NAIROBI, April 26 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.

- - - - - GLOBAL MARKETS Asian stocks rose on Monday with Chinese shares near three-week highs as signs the world economic recovery was well on track bolstered risk appetite, while the U.S. dollar slipped to a two-month low. MKTS/GLOB

WORLD OIL PRICES Oil prices eased slightly on Monday on concerns that a resurgence of coronavirus infections in India and Japan, the world's third and fourth largest oil importers, would cut fuel demand in Asia. 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 inched firmer on Friday as the U.S. dollar traded near multi-week lows, after a directionless week in which it took its cues from moves on global markets. MARKETS The Kenyan shilling KES was little changed on Friday, with little importer dollar demand in the market, traders said. OIL Nigeria's president restored four oilfield licences to Addax, a company controlled by China's Sinopec, his office said in a statement, overruling a previous revocation from the country's petroleum regulator. SECURITY Chad's ruling military council has rejected an offer from northern rebels for a ceasefire and talks, calling them "outlaws" who needed to be tracked down and arrested for their role in the battlefield death of President Idriss Deby. SECURITY The death toll in clashes this month between Ethiopia's two largest ethnic groups, the Oromo and Amhara, in the northern Amhara region may be as high as 200, a senior official said on Sunday, up from previous reports of at least 50. SECURITY A former Somali leader accused his successor President Mohamed Abdullahi Mohamed of orchestrating an attack by soldiers on his home on Sunday as splits deepened over an extension of the incumbent's term in office. MINING Debswana Diamond Company, a joint venture between the Botswana government and Anglo American (JO: AMSJ )'s AAL.L De Beers, said on Friday that its new business strategy adopted last year should enable it to create at least 10 billion pula ($924 million) in additional revenue over the next four years. 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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