Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

African Markets - Factors to watch on April 20

Published 20/04/2021, 06:00
Updated 20/04/2021, 06:00
© Reuters.

NAIROBI, April 20 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Tuesday.
- - - - -
GLOBAL MARKETS
Asian shares rose on Tuesday, led by a stronger Chinese opening
and shaking off the initial drag from tech-driven Wall Street
losses, while the dollar stayed at multiweek lows against other
major currencies. MKTS/GLOB

WORLD OIL PRICES
Oil prices rose on Tuesday as a weaker U.S. dollar supported
commodities and on expectations that crude inventories fell in
the United States, the world's biggest oil user, though rising
coronavirus cases in Asia capped gains. 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 strengthened on Monday, aided by the U.S.
dollar being pinned near a one-month low and greater global risk
appetite. MARKETS
The Kenyan shilling KES= weakened slightly on Monday on the
back of an uptick in demand for dollars from importers, traders
said. BANKS
Nigeria's biggest lender Access Bank has agreed to buy a
majority stake in African Banking Corporation of Botswana for
cash, a month after acquiring a South African bank. DEMOCRATIC REPUBLIC OF CONGO MINING
Kibali Goldmines SA, the Congolese joint venture of Barrick
ABX.TO and AngloGold Ashanti ANGJ.J , said its 10%
shareholder Société Minière de Kilo-Moto (SOKIMO) had filed a
financial claim against it in a Kinshasa commercial
court. ELECTION
Chad's veteran president, Idriss Deby, has won a sixth term,
provisional election results showed on Monday, as the army said
it had beaten back a column of insurgents advancing on the
capital, N'Djamena. MINING
China's Chifeng Jilong Gold Mining 600988.SS on Monday
cancelled an agreement to buy the Bibiani gold mine in Ghana,
saying it had not received timely information from the seller
about the termination of the mining lease. TELECOMS
MTN Rwandacell Plc, majority-owned by South Africa's MTN Group
MTNJ.J , said on Monday trading in existing shares worth about
$365 million would start in Rwanda on May 4 after it obtained
approvals from authorities and a minority
shareholder. 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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.