African Markets - Factors to watch on March 21

Kitco Media
By Reuters
Published:
Updated:
Reuters
NAIROBI, March 21 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. - - - - - GLOBAL MARKETS Asian stocks were lifted from lows on Tuesday, with the rescue of Credit Suisse stemming selling in bank shares, though the mood was fragile and the stress in markets had traders wondering whether U.S. rate hikes might be finished. WORLD OIL PRICES Oil prices stabilised on Tuesday after falling early in the previous session on investor worries that recent banking-sector problems would weigh on the global economy and limit demand for crude. 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 African shares strengthened on Monday despite a global banking crisis as investors rushed into safe haven resource stocks, while the risk-sensitive rand weakened. KENYA MARKETS The Kenyan shilling traded weaker on Monday, hurt by strong demand for dollars from importers in the energy and manufacturing sectors, traders said. ETHIOPIA CONFLICT
The United States has determined that all sides committed war crimes during the conflict in northern Ethiopia that killed tens of thousands of people, left hundreds of thousands facing hunger and displaced millions, U.S. Secretary of State Antony Blinken said on Monday. IVORY COAST COCOA
Unusually heavy rain last week in Ivory Coast's central cocoa-growing regions will improve bean quality for the April-to-September mid-crop, while more rain is needed elsewhere, farmers said on Monday. KENYA UNREST
Kenyan police tear gassed the leader of the opposition on Monday and arrested senior lawmakers in his parliamentary faction, as protesters took to the streets to march against President William Ruto and the high cost of living. GHANA DEBT
Ghana's finance minister Ken Ofori-Atta will travel to Beijing on Wednesday to meet Chinese officials to discuss a proposed restructuring of Ghana's debt, according to a source with knowledge of the talks. For the latest precious metals report click on For the latest base metals report click on For the latest crude oil report click on

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