off-the-wire

African Markets - Factors to watch on April 19

Kitco Media
By Reuters
Published:
Updated:
Reuters
NAIROBI, April 19 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. - - - - - EVENTS:
*GHANA - The statistics agency releases fourth-quarter, and full-year 2022 gross domestic product figures and the March producer price index.


GLOBAL MARKETS Stocks eased on Wednesday, while the dollar was under a little pressure, as traders shifted focus from U.S. banking stress to expectations for an imminent peak in the Federal Reserve's interest rate cycle. WORLD OIL PRICES Oil drifted lower on Wednesday as the market weighed potential interest rate hikes from the Federal Reserve that could slow growth and dampen oil consumption, offsetting falling U.S. inventories and strong Chinese economic data. EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on South African stocks, click on SOUTH AFRICA MARKETS South African stocks and the rand strengthened on Tuesday after the resources index jumped on the back of higher platinum group metals (PGM) prices. KENYA MARKETS The Kenyan shilling was little changed on Tuesday, though traders said foreign-currency demand from manufacturers and other importers meant the bias was towards the weaker side. 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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