April 17, 2017 / 5:03 AM / 3 months ago

African Markets - Factors to watch on April 17

3 Min Read

    NAIROBI, April 17 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Monday.
    - - - - -
 GLOBAL MARKETS
 Shares and the U.S. dollar dipped on Monday while U.S. bond
 yields slumped to five-month lows after soft U.S. economic
 data hurt investor sentiment already frayed by worries over
 North Korea and coming French
 elections.                       
 
 WORLD OIL PRICES
 Crude oil fell in quiet trading on Monday, after the
 three-day Easter break, on signs the United States is
 continuing to add output, undermining OPEC efforts to
 support prices, and as the market digested North Korea's
 failed missile launch on Sunday.                 
 
 EMERGING MARKETS
 For the top emerging markets news, double click on
            
 
 AFRICA STOCKS
 For the latest news on African stocks, click on     
 
 SOUTH AFRICA MARKETS
 South Africa's rand firmed slightly on Thursday after new
 Finance Minister Malusi Gigaba pledged to work to keep the
 country from a third credit downgrade to junk
 status.            
 
 SOUTH AFRICA ECONOMY
 South Africa's new finance minister pledged on Thursday to
 do what he can to keep the country from a third credit
 downgrade to junk status, saying he would meet ratings firm
 Moody's to persuade it he will stay on the path of fiscal
 discipline.            
 
 NIGERIA SECURITY
 The United Nations' World Food Programme could in a few
 weeks run out of funding to feed millions living on the
 brink of famine in Nigeria, four people familiar with the
 matter said, intensifying one of the world's largest
 humanitarian crises.            
 
 SENEGAL DEBT
 Senegal will issue a Eurobond this month in order to finance
 a series of infrastructure and power production projects
 that it hopes will push economic growth above 7 percent from
 next year, Finance Minister Amadou Ba said on
 Friday.                
 
 SOUTH SUDAN CONFLICT
 At least 14 people were killed in the South Sudanese town of
 Raga when fighting erupted between government forces and the
 main rebel group, a rebel spokesman said on Saturday, within
 a week of violence in neighbouring Wau state that killed
 16.             
 
 SOMALIA CONFLICT  
 Two men were killed in the Somali capital after they were
 spotted firing mortars that appeared to be aimed at the
 international airport on Sunday, police and officials
 said.            
 
 NAMIBIA ECONOMY
 President Hage Geingob has said Namibia will make it
 mandatory for white-owned businesses to sell a 25 percent
 stake to blacks, calling the country one of the most unequal
 in the world.            
 
 ZAMBIA POLITICS
 Zambian President Edgar Lungu will not intervene in the
 treason case against opposition leader Hakainde Hichilema,
 he told a public rally late on Friday.            
 
 
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