African Markets - Factors to watch on May 14

  • Reuters
  • Stock Market News
African Markets - Factors to watch on May 14
Credit: © Reuters.

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday.

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GLOBAL MARKETS Japanese shares led a rebound in Asian markets on Friday, building on the lead from investors on Wall Street snapping up stocks that would benefit most from an economic revival. MKTS/GLOB

WORLD OIL PRICES Oil prices fell on Friday after dropping about 3% a day earlier as coronavirus cases remained high in major oil consumer India and as a key fuel pipeline in the United States resumed operations after being shut due to a cyber attack. 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 Thursday, recovering alongside other emerging market currencies following the surprise inflation increase in the United States, as investors saw smaller chances of higher lending rates by the Federal Reserve. MARKETS The Kenyan shilling KES= weakened on Thursday due to increased dollar demand from fuel and manufacturing companies, traders said. POLITICS Kenya's High Court ruled on Thursday that a drive by President Uhuru Kenyatta to change the constitution was illegal, stopping what his critics have called a political move designed to check his deputy, whom he has fallen out with publicly. COAST GHANA COCOA Ivory Coast and Ghana asked cocoa and chocolate companies last week to pay more in premiums to support farmers' wages, the head of Ivory Coast's industry regulator told Reuters on Thursday. RHINOS

Zimbabwe is re-introducing rhinos to its second biggest wildlife park Gonarezhou in the south of the country, the first time that the sanctuary will be home to the species in 30 years, the parks authority said on Thursday. EBOLA/USA

The Biden administration said on Thursday it was lifting Ebola-related travel restrictions for U.S. visitors who have recently been in Guinea, effective Friday. VIOLENCE A police officer in Congo's capital Kinshasa was beaten to death and 46 others were wounded as rival Muslim groups clashed during Eid celebrations on Thursday, a police spokesman said. ECONOMY Mozambique's economic growth rate is expected to be around 1.5% in 2021 and 2.8% in 2022, largely conditioned by "well-known" risk factors, the country's President Filipe Nyusi said on Thursday. COAST PRIME MINISTER Ivory Coast Prime Minister Patrick Achi, 65, has been admitted to hospital in Paris for medical tests, two sources close to him said. the latest precious metals report click on GOL/

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