African Markets - Factors to watch on April 28

  • Reuters
  • Stock Market News
African Markets - Factors to watch on April 28
Credit: © Reuters.

NAIROBI, April 28 (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 were mixed on Wednesday as already high valuations discouraged investors from buying equities ahead of a closely-watched U.S. Federal Reserve meeting. MKTS/GLOB

WORLD OIL PRICES Oil prices dropped on Wednesday, paring overnight gains, with soaring COVID-19 cases in India and a bigger-than-expected build in U.S. crude stocks offsetting confidence shown by OPEC and its allies in a solid recovery in global fuel demand. 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 African financial markets were closed for Freedom Day public holiday on Tuesday, April 27. Trading in Johannesburg will resume on Wednesday, April 28. MARKETS The Kenyan shilling KES strengthened on Tuesday mostly because of little dollar demand in the market from importers, traders said. TOURISM Around 250 tour guides from Kenya's famed national parks lined up in downtown Nairobi on Tuesday to receive the COVID-19 vaccination, as part of a government effort to revive the tourism sector that has been battered by the pandemic. SECURITY Nigeria's parliament called on the presidency, armed forces and police to address the country's mounting security crisis on Tuesday, with the lower house urging President Muhammadu Buhari to declare a state of emergency. SECURITY Chad's transitional military leader Mahamat Idriss Deby said on Tuesday that his country needs massive support from partners to stabilize an economic and financial situation severely impacted by the security situation and the coronavirus pandemic. FASO SECURITY Two Spanish journalists and an Irish citizen were killed in an armed ambush on an anti-poaching patrol near a nature reserve in eastern Burkina Faso, the Burkinabe and Spanish authorities said on Tuesday. SECURITY Somalia's President Mohamed Abdullahi Mohamed said on Wednesday he would drop an attempt to extend his term by two years, bowing to domestic and international pressure after clashes in the capital Mogadishu split security forces along clan lines. CORONAVIRUS Botswana's president will miss a Southern (NYSE: SO ) African regional meeting he had been due to chair on Thursday to discuss recent attacks on Mozambique after a staff member tested positive for COVID-19, prompting him to self-quarantine, his office said on Tuesday. ENTERTAINMENT MultiChoice 's MCGJ.J online streaming platform Showmax is investing in producing its own local content for African audiences as it competes for their attention against Netflix (NASDAQ: NFLX ) on the continent, a senior executive told Reuters. the latest precious metals report click on GOL/

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