African Markets - Factors to watch on Feb.17

  • Reuters
  • Stock Market News
African Markets - Factors to watch on Feb.17

NAIROBI, Feb 17 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday.

- - - - - GLOBAL MARKETS U.S. Treasury yields hit one-year highs on Wednesday, lending support to the dollar but pressuring lofty valuations for stocks, as investors reckoned that a stimulus-fuelled global recovery will eventually bring rising inflation. OIL PRICES Bullish oil prices marked time on Wednesday, as support from supply disruptions in the U.S. south caused by an Arctic blast was offset by expectations that OPEC+ producers may ease their output curbs after April. 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 fell on Tuesday, pulling back from a one-year high touched earlier in the session, as Citigroup Inc (NYSE: C ) C.N said it was booking profits from the currency. KENYA MARKETS Kenya's shilling KES= was stable against the dollar on Tuesday amid little activity in the market with demand for dollars matching supply, traders said. HEALTH The World Health Organization has asked six African countries to be alert for possible Ebola infections, as Guinea on Tuesday reported new cases and Democratic Republic of Congo said its new infections were a resurgence of a previous outbreak. AFRICA SECURITY France has no immediate plans to adjust its military presence in Africa's Sahel region, and any changes will depend on other countries contributing troops, President Emmanuel Macron told a news conference on Tuesday after a summit on the region. REPUBLIC OF CONGO ECONOMY Democratic Republic of Congo's economy averted an expected pandemic-induced recession in 2020 to grow 0.8% on the back of strong mining activity, a central bank official said on Tuesday.

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