The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.
- - - - - EVENTS: TANZANIA - Expecting the latest inflation data from the statistics office. SENEGAL - Ousmane Sonko, a prominent opposition leader, is due in court for a hearing regarding a rape charge that sparked violent protests across the country.
GLOBAL MARKETS Share markets turned mixed on Monday as the U.S. Senate passage of a $1.9 trillion stimulus bill augured well for faster global economic growth, but also put fresh pressure on Treasuries and tech stocks with lofty valuations. MKTS/GLOB
WORLD OIL PRICES Brent crude futures surged above $70 a barrel on Monday for the first time since the COVID-19 pandemic began, while U.S. crude touched its highest in more than two years, following reports of attacks on Saudi Arabian facilities. O/R
EMERGING MARKETS For the top emerging markets news, double click on STOCKS For the latest news on African stocks, click on .J
AFRICA VACCINES Nigeria, Kenya and Rwanda started inoculating frontline healthcare workers and vulnerable citizens against COVID-19 on Friday as Africa, the world's poorest continent and home to 1.3 billion people, stepped up its vaccination campaigns. AFRICA MARKETS South Africa's rand was set for a weekly loss of more than 2% against the dollar on Friday, as higher bond-market borrowing costs and a rising dollar sapped risk appetite. MARKETS Nigeria will offer a naira incentive to import U.S. dollars through certain licensed channels, the central bank said, in a push to shore up the country's dollar supply. RATING The S&P ratings agency downgraded Kenya's rating to B from B+, and revised the outlook to stable from negative. MARKETS The Kenyan shilling KES= was stable against the dollar on Friday, mainly due to balanced supply and demand counters, traders said. STANBIC Kenyan lender Stanbic Holdings SBIC.NR said on Friday that the bulk of customers who had stopped repaying their loans due to the COVID-19 pandemic have resumed payments. PROTESTS Senegalese police clashed with protesters in several neighbourhoods of the capital Dakar on Friday, including in front of a courthouse where an opposition leader made his first appearance since his arrest on a rape charge. GUINEA EXPLOSIONS A series of large explosions at a military base that killed at least 15 people in Equatorial Guinea on Sunday were the result of negligence related to the use of dynamite, President Teodoro Obiang Nguema said. AIRLINES VACCINES
Ethiopian Airlines is set to take a lead role in ferrying COVID-19 vaccines around the world and expects demand for the service to last for up to three years, its head of cargo services said on Sunday. 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.