Views Article – Sharenet Wealth

Africa, Forex

African Markets – Factors to watch on April 6

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. – – – – – GLOBAL MARKETS Asia’s stock markets rose on Tuesday as another batch of strong U.S. economic data bolstered the global outlook, while currency and bond markets paused for breath after a month of rapid gains in the dollar and in U.S. Treasury yields. WORLD OIL PRICES Oil prices rose early on Tuesday as a drop in the U.S. dollar made crude a more attractive buy, paring losses of more than 4% incurred overnight on the prospect of producers returning more than 2 million barrels per day of supply to the market by July. EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on African stocks, click on SOUTH AFRICA MARKETS South Africa’s rand extended gains against the U.S. dollar on Thursday, as positive manufacturing activity and new vehicle sales data pointed to a recovery in the economy. KENYA TRAVEL Kenya Airways will suspend flights to the United Kingdom effective April 9, the airline said in a statement. MOZAMBIQUE INSURGENCY The town in northern Mozambique that Islamic State-linked insurgents attacked late last month is now secure after the military killed a significant number of militants and cleared one final area, an army spokesman and a provincial official said. AFRICA CORONAVIRUS/WORLD BANK The World Bank estimates that Africa would need about $12 billion for COVID-19 vaccines and their distribution to attain sufficient levels of vaccination coverage to interrupt virus transmission, according to new paper by the bank and the IMF. ETHIOPIA TIGRAY/USA The United States is looking into reports of human rights abuses and atrocities in Ethiopia’s Tigray region, the U.S. State Department said on Monday. GHANA DOLPHINS At least 80 dolphins and large numbers of fish have washed up dead on beaches near Ghana’s capital Accra since Friday, prompting investigations by the authorities. CAMEROON LGTB Two transgender women facing charges of “attempted homosexuality” in a high profile case in Cameroon will spend more than two months behind bars without trial after a judge postponed their hearing again on Monday. For the latest precious metals report click on For the latest base metals report click on For the latest crude oil report click on


© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.