🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

African Markets - Factors to watch on Dec. 21

Published 21/12/2020, 06:00
© Reuters.
USD/ZAR
-
USD/KES
-
LCO
-

GLOBAL MARKETS

Asian stocks faltered and sterling slid on Monday as unease over a new coronavirus strain that was shutting much of the United Kingdom offset news that a deal had finally been struck on a long-awaited U.S. stimulus bill.

WORLD OIL PRICES

Oil prices slid in early trade on Monday as a fast-spreading new coronavirus strain in the United Kingdom raised concerns that tighter restrictions there and in other European countries could stall a recovery in the global economy and its need for fuel. 

SOUTH AFRICA MARKETS

South Africa's rand firmed on Friday, extending its rally to a fifth session as global risk appetite linked to a record stimulus package in the United States and a buoyant Chinese economy continued to offset worries about domestic growth.

MARKETS

The Kenyan shilling (KES=) was unchanged on Friday from the previous session amid thin demand for hard currency from importers, traders said.

SECURITY

Annas Shuaibu says he awoke to the sound of gunshots fired by men who burst into his boarding school in northwest Nigeria in a nighttime raid. He and hundreds of other boys were rounded up and forcibly marched out of the school and into a nearby forest.

CONFLICT

Ethiopia offered a 10 million birr ($260,000) reward on Friday for information on the location of fugitive leaders of a rebellious force in northern Tigray region.

AFRICAN REPUBLIC ELECTION

Central African Republic's main opposition coalition on Sunday demanded the Dec. 27 election be postponed due to violence by armed groups outside the capital Bangui, but the government insisted the vote would go ahead.

ELECTION

Ghana President Nana Akufo-Addo faces a hung parliament after the opposition clinched the last undeclared seat on Friday, potentially complicating his ability to implement economic measures to respond to the coronavirus pandemic. 

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.