African Markets - Factors to watch on April 27

  • Reuters
  • Stock Market News
African Markets - Factors to watch on April 27
Credit: © Reuters.

NAIROBI, April 27 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.

- - - - - GLOBAL MARKETS Asian shares fell and U.S. stock futures were steady on Tuesday as caution ahead of a U.S. Federal Reserve meeting and a slew of corporate earnings offset growing optimism about the global economic recovery from the COVID-19 blow. MKTS/GLOB

WORLD OIL PRICES Oil prices bounced back early on Tuesday from drops in the previous session, but gains were seen likely capped by growing concern about fuel demand in India, the world's third-biggest crude importer now slammed by spiralling new coronavirus cases. 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 edged higher early on Monday in thin trade ahead of a national holiday, with traders unlikely to take many big bets before key data due later in the week. MARKETS The Kenyan shilling KES strengthened slightly on Monday on the back of news that the central bank foreign reserves have picked up in the last week, traders said. SECURITY Militants overran an army base in northeastern Nigeria, killing more than 30 soldiers before pulling back in the face of air strikes, soldiers and a resident said. SECURITY Chad's new military rulers named a civilian politician, Albert Pahimi Padacke, as prime minister of a transitional government on Monday a week after President Idriss Deby's battlefield death, but opposition leaders quickly dismissed the appointment. TELECOMS Ethiopia's finance ministry said on Monday it had received two bids, from South Africa's MTN MTNJ.J and a consortium including Kenya's Safaricom SCOM.NR , for new telecoms operating licences. SECURITY Gunmen opposed to Somalia's Mohamed Abdullahi Mohamed had control of strategic parts of the capital Mogadishu on Monday, Reuters journalists saw, after factions in the security forces clashed at the weekend over his term extension. OIL AND GAS French energy group Total TOTF.PA declared force majeure on its $20 billion liquefied natural gas (LNG) project in Mozambique and confirmed it had withdrawn all staff from the construction site following insurgent attacks last month. REPUBLIC OF CONGO VACCINES Health authorities are reallocating around 75% of Democratic Republic of Congo's 1.7 million AstraZeneca AZN.L COVID-19 vaccine doses to other African countries to make sure they're used before they expire, a UNICEF representative said on Monday. 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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