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African Markets - Factors to watch on Feb.17

Published 17/02/2021, 06:53
© Reuters.
USD/KES
-

NAIROBI, Feb 17 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Wednesday.
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GLOBAL MARKETS
U.S. Treasury yields hit one-year highs on Wednesday, lending
support to the dollar but pressuring lofty valuations for stocks, as
investors reckoned that a stimulus-fuelled global recovery will
eventually bring rising inflation. MKTS/GLOB

WORLD OIL PRICES
Bullish oil prices marked time on Wednesday, as support from supply
disruptions in the U.S. south caused by an Arctic blast was offset
by expectations that OPEC+ producers may ease their output curbs
after April. 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 fell on Tuesday, pulling back from a one-year
high touched earlier in the session, as Citigroup Inc C.N said it
was booking profits from the currency. KENYA MARKETS
Kenya's shilling KES= was stable against the dollar on Tuesday
amid little activity in the market with demand for dollars matching
supply, traders said. HEALTH
The World Health Organization has asked six African countries to be
alert for possible Ebola infections, as Guinea on Tuesday reported
new cases and Democratic Republic of Congo said its new infections
were a resurgence of a previous outbreak. AFRICA SECURITY
France has no immediate plans to adjust its military presence in
Africa's Sahel region, and any changes will depend on other
countries contributing troops, President Emmanuel Macron told a news
conference on Tuesday after a summit on the region. REPUBLIC OF CONGO ECONOMY
Democratic Republic of Congo's economy averted an expected
pandemic-induced recession in 2020 to grow 0.8% on the back of
strong mining activity, a central bank official said on Tuesday.
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