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African Markets - Factors to watch on May 14

Published 14/05/2021, 09:14
© Reuters.
USD/KES
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The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Friday.
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GLOBAL MARKETS
Japanese shares led a rebound in Asian markets on Friday,
building on the lead from investors on Wall Street snapping
up stocks that would benefit most from an economic
revival. MKTS/GLOB

WORLD OIL PRICES
Oil prices fell on Friday after dropping about 3% a day
earlier as coronavirus cases remained high in major oil
consumer India and as a key fuel pipeline in the United
States resumed operations after being shut due to a cyber
attack. O/R

EMERGING MARKETS
For the top emerging markets news, double click on
STOCKS
For the latest news on African stocks, click on .J

SOUTH AFRICA MARKETS
South Africa's rand firmed on Thursday, recovering alongside
other emerging market currencies following the surprise
inflation increase in the United States, as investors saw
smaller chances of higher lending rates by the Federal
Reserve. MARKETS
The Kenyan shilling KES= weakened on Thursday due to
increased dollar demand from fuel and manufacturing
companies, traders said. POLITICS
Kenya's High Court ruled on Thursday that a drive by
President Uhuru Kenyatta to change the constitution was
illegal, stopping what his critics have called a political
move designed to check his deputy, whom he has fallen out
with publicly. COAST GHANA COCOA
Ivory Coast and Ghana asked cocoa and chocolate companies
last week to pay more in premiums to support farmers' wages,
the head of Ivory Coast's industry regulator told Reuters on
Thursday. RHINOS
Zimbabwe is re-introducing rhinos to its second biggest
wildlife park Gonarezhou in the south of the country, the
first time that the sanctuary will be home to the species in
30 years, the parks authority said on Thursday. GUINEA EBOLA/USA
The Biden administration said on Thursday it was lifting
Ebola-related travel restrictions for U.S. visitors who have
recently been in Guinea, effective Friday. VIOLENCE
A police officer in Congo's capital Kinshasa was beaten to
death and 46 others were wounded as rival Muslim groups
clashed during Eid celebrations on Thursday, a police
spokesman said. ECONOMY
Mozambique's economic growth rate is expected to be around
1.5% in 2021 and 2.8% in 2022, largely conditioned by
"well-known" risk factors, the country's President Filipe
Nyusi said on Thursday. COAST PRIME MINISTER
Ivory Coast Prime Minister Patrick Achi, 65, has been
admitted to hospital in Paris for medical tests, two sources
close to him said. For the latest precious metals report click on GOL/
For the latest base metals report click on MET/L
For the latest crude oil report click on O/L

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