March 13, 2018 / 4:49 AM / in 5 months

African Markets - Factors to watch on March 13

    NAIROBI, March 13 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Tuesday.
    - - - - -
 EVENTS:
 *RWANDA - The statistics office to release fourth quarter 2017 gross
 domestic product data.
 
 GLOBAL MARKETS
 Asian stocks stalled on Tuesday as Wall Street shares lost steam,
 while the dollar sagged on the back of declining U.S. yields.
     Investors were focused on U.S. inflation data due later in the day
 (1230 GMT) for clues on the pace of Federal Reserve interest rate
 rises this year.                       
 
 WORLD OIL PRICES
 Oil prices fell on Tuesday, extending losses from the previous
 session, as the inexorable rise in U.S. crude output weighed on
 markets.                 
 
 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 steadied on Monday, holding on to gains notched up
 in the previous session as a benign U.S. jobs report eased worries
 about inflation and faster rate hikes.            
 
 NIGERIA MARKETS
 Nigeria's central bank said on Monday it had injected $210 million
 into the interbank foreign exchange market, extending efforts to boost
 liquidity and alleviate dollar shortages.            
 
 KENYA MARKETS
 The Kenyan shilling        strengthened on Monday, helped by dollar
 inflows from offshore investors interested in buying government bonds,
 traders said.            
 
 KENYA POLITICS
 Kenyan opposition politicians said on Monday they had suspended their
 rival assembly, days after their leader said he would reconcile with
 President Uhuru Kenyatta and end months of post-election
 turmoil.            
 
 GHANA COCOA
 Ghana may only produce around 700,000 tonnes of cocoa this season,
 well short of its initial forecast of 850,000 tonnes, due to poor
 rains during the main crop harvest, the head of the Cocobod marketing
 board told Reuters on Monday.            
 
 DEMOCRATIC REPUBLIC OF CONGO POLITICS
 Exiled Democratic Republic of Congo opposition leader Moise Katumbi
 said on Monday he would return home by June to lodge his candidacy for
 a presidential election in December to succeed Joseph
 Kabila.            
 
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