African Markets - Factors to watch on April 29

  • Reuters
  • Stock Market News
African Markets - Factors to watch on April 29
Credit: © Reuters.

NAIROBI, April 29 (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 shares rose in early trade on Thursday after the U.S. Federal Reserve said it was too early to consider rolling back emergency support for the economy, and as U.S. President Joe Biden unveiled plans for a $1.8 trillion stimulus package. MKTS/GLOB

WORLD OIL PRICES Crude prices rose more than 1% on Wednesday, after U.S. distillate inventories posted a large drawdown and refiners ramped up activity to the highest in over a year, boosting hopes for rising fuel demand in the world's top oil consumer. 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 as the global hunt for high yields trumped caution ahead of the U.S. Federal Reserve's latest policy decision which will likely set the tone for global currency trading in the coming sessions. MARKETS The Kenyan shilling KES was stable on Wednesday, traders said, on the back of subdued demand for dollars from importers. CORONAVIRUS Kenya's health minstry said on Wednesday it was suspending flights to and from India after midnight on Saturday amid the coronavirus surge in that country. SECURITY The capital of Chad appeared calm on Wednesday morning, with security forces deployed in large numbers and burning tyres still smouldering in the streets, a day after at least five people were killed in clashes between protesters and the army. SECURITY Members of Somalia's opposition on Wednesday refused to withdraw from fortified positions in the capital after the president tried to defuse an armed standoff by promising to appear before parliament to debate a proposal to extend his term by two years. MINING Ghana's military has launched a nationwide operation to clear illegal miners out of its water bodies, the West African country's lands minister said in on Wednesday. LNG Tokyo Gas Co Ltd 9531.T has not been notified of any delays in the liquefied natural gas (LNG) project in Mozambique by Total TOTF.PA despite the French energy group's recent declaration of force majeure, a senior company official said on Wednesday. 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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