The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday.
- - - - -
GLOBAL MARKETS Asia equities are set for a sluggish open on Wednesday after Wall Street pulled back from record highs reached in previous sessions, as investors eye the upcoming earnings season for more signs of a recovery following a series of strong U.S. economic data. MKTS/GLOB
WORLD OIL PRICES Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a report that crude inventories in the United States, the world's biggest fuel consumer, fell. 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 firmer to a new five-week best on Tuesday, boosted by greater risk demand as U.S. treasuries slipped and global commodity prices rallied. PRISON More than 1,800 prisoners are on the run in southeast Nigeria after escaping when heavily armed gunmen attacked their prison using explosives and rocket-propelled grenades, the authorities said. MARKETS Kenya's shilling KES= gained ground against the dollar on Tuesday due to lack of importer demand, traders said. INSURGENCY/TANZANIA United Nations teams have received "worrying" reports that Tanzania has rejected over 1,000 people seeking refuge from an Islamic State-claimed attack on a town in northern Mozambique, the U.N. refugee agency UNHCR said on Tuesday. PRESS Tanzania's new President Samia Suluhu Hassan said on Tuesday she would lift a ban on all media in the country, a radical shift from a press crackdown implemented by her late predecessor John Magufuli. COAST POLITICS Ivory Coast's President Alassane Ouattara has confirmed his younger brother Tene Birahima Ouattara as minister of defence, part of a slate of new appointments announced on Tuesday. COAST COCOA Cocoa arrivals at ports in top grower Ivory Coast reached 1.660 million tonnes by April 4 since the start of the 2020/2021 season on Oct. 1, exporters estimated on Tuesday, up 1.6% from the same period last season. SECURITY Border clashes between Ethiopia's Afar and Somali regions have killed at least 100 people, a regional official said on Tuesday, the latest outbreak of violence ahead of national elections in June. DAM/EGYPT Egypt and Sudan said on Tuesday that the latest round of talks with Ethiopia over the Grand Ethiopian Renaissance Dam (GERD) in Kinshasa have ended with no progress. DEBT/IMF Chad's creditors will get together within the next week to deal with the African country's request for debt relief under a new common framework agreed last year by the Group of 20 major economies and the Paris Club of official creditors, IMF chief Kristalina Georgieva said on Tuesday. MINING/GLENCORE
Glencore 's GLEN.L Kamoto Copper Company (KCC) mine in the Congo had a "limited release" of sulphuric acid from a tank during maintenance work on March 16, the commodities trading giant said on Tuesday. ELECTION/PROTEST Opponents of Benin's President Patrice Talon protested in several cities and towns on Monday night and Tuesday morning, denouncing his decision to stand for re-election next week. 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
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.