African Markets - Factors to watch on April 26

Kitco Media
By Reuters
Published:
Updated:
Reuters
NAIROBI, April 26 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. - - - - - GLOBAL MARKETS U.S. stock futures bounced as buybacks and earnings beats boosted tech giants in after-hours trade, although Asian shares wallowed at one-month lows on Wednesday, with investors turning nervous on the outlook for the world's two biggest economies. WORLD OIL PRICES Oil rose on Wednesday after plunging more than 2% in the previous session as reports of falling U.S. crude oil and fuel inventories refocused investors on robust demand in the world's top 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


South Africa's rand slipped on Tuesday against the dollar, as the central bank warned core inflation in the country remained elevated and a leading business cycle indicator fell.


KENYA MARKETS


Kenya's shilling nudged lower against the dollar on Tuesday, as foreign currency demand mainly by fuel importers and companies meeting month-end demand outpaced meagre inflows, traders said.


SUDAN CONFLICT


Fighting flared anew in Sudan late on Tuesday despite a ceasefire declaration by the warring factions, as a U.N. envoy said the truce was partially holding even though there was no sign that the two sides were ready for serious talks.


SUDAN POLITICS


The U.N. refugee agency (UNHCR) is making plans for hundreds of thousands of people spilling over Sudan's borders to escape violence, officials said on Tuesday, many of them forced to places they have already fled from.


KENYA CULT


The death toll among followers of a Kenyan cult who believed they would go to heaven if they starved themselves has risen to 89, Interior Minister Kithure Kindiki said on Tuesday, calling for the group's leader to spend the rest of his life in prison.


UGANDA LGBTQ


The United States is engaged with the Ugandan government at the highest level on its anti-LGBTQ bill, which would be one of the most extreme laws in the world, the White House said on Tuesday.


ETHIOPIA CONFLICT


Talks between the Ethiopian government and rebels from the Oromiya region have started in Zanzibar, a semi-autonomous region of Tanzania, a spokesman for regional Africa group IGAD said on Tuesday.


CONGO MINES


An agreement on royalties between Congo's state miner and China's CMOC 603993.SS has been reached, paving the way for the resumption of minerals exports from the world's second largest cobalt mine, Congo's finance minister said late on Monday.


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