Gold prices edge up amid Fed rate cut hopes; US-Russia talks awaited
NAIROBI, April 14 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Wednesday.
- - - - -
EVENTS
UGANDA - The central bank is expected to announce its benchmark
rate for the next two months.
GLOBAL MARKETS
Global equity markets rose to a fresh record high on Wednesday
as bond yields eased after data showed U.S. inflation was not
rising wildly.
Most Asia-Pacific share indexes followed Wall Street higher,
with Hong Kong's Hang Seng leading gains in the region, while
benchmark U.S. Treasury yields continued their decline, marking
a fresh three-week low. MKTS/GLOB
WORLD OIL PRICES
Oil prices rose in early trade on Wednesday, adding to overnight
gains, after industry data showed U.S. oil inventories declined
more than expected and OPEC raised its outlook for oil demand.
O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand reversed earlier losses on Tuesday, as
traders digested news of strong gains in March U.S. inflation,
though that was not expected to alter the Federal Reserve's
commitment to keep interest rates at rock-bottom levels for
years. MARKETS
The Kenyan shilling KES= strengthened against the dollar on
Tuesday due to a sharp slowdown in demand for hard currency.
POLITICS
President Patrice Talon has won re-election in Benin, with 86%
of the votes in the first round of a ballot boycotted by some
opposition parties, provisional results showed on Tuesday.
ZIMBABWE STEEL
Zimbabwe's state-controlled iron and steel company ZISCO has
invited new investors to help revive operations at the company
that has been the target of interest from Indian and Chinese
investors in the past, a company document seen by Reuters
showed. For the latest precious metals report click on GOL/
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