African Markets - Factors to watch on April 17

Kitco Media
By Reuters
Published:
Updated:
Reuters
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 Asian stocks traded cautiously on Monday as U.S. earnings season gets into full swing, while a raft of Chinese data will offer insight into how the world's second-largest economy is recovering. WORLD OIL PRICES Oil prices edged up on Monday, supported by OPEC+'s plans to cut more output, while investors eyed Chinese economic data for signs of a demand recovery by the world's No. 2 oil consumer. 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


The South African rand weakened on Friday as the dollar jumped higher after hawkish comments by a Fed official on the U.S. central bank's future interest rate trajectory. KENYA MARKETS


The Kenyan shilling weakened against the dollar on Friday as fuel retail companies' appetite outstripped foreign currency inflows, traders said. SUDAN SECURITY


Sudan's army appeared to gain the upper hand on Sunday in a bloody power struggle with rival paramilitary forces, pounding their bases with air strikes, said witnesses. NIGERIA INFLATION
Nigeria's annual inflation accelerated to 22.04% in March from 21.91% in the previous month, its bureau of statistics said on Saturday. BURKINA FASO SECURITY
Unidentified assailants killed 40 people and wounded 33 others in an attack on the army and volunteer defence forces in northern Burkina Faso, the government said in a statement on Sunday. ZAMBIA DEBT
Zambia last week gave its bondholders a "concrete proposal" for the restructuring of some $3 billion in eurobonds, the ministry of finance and national planning said on Friday. KENYA VIOLENCE
Kenya's opposition alliance has written to the prosecutor of the International Criminal Court (ICC) asking him to open an investigation into the head of the police who it accuses of ordering attacks on its supporters during anti-government protests. 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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