Market News

African Markets - Factors to watch on April 21 - REUTERS

APRIL 21, 2017

NAIROBI, April 21 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. - - - - -

GET INSTANT UPDATES WITH  abokiFX  APP LINKS BELOW

https://play.google.com/store/apps/details?id=com.app.Abokifx&hl=en

https://itunes.apple.com/us/app/abokifx/id1205477397?mt=8

GLOBAL MARKETS Asian stocks were set to end the week with a bang, lifted by bets on strong U.S. earnings and tax reform, while the euro retreated from a three-week high as jitters returned over French presidential elections on Sunday after a shooting in Paris.

WORLD OIL PRICES Oil opened the last day of a choppy trading week on a cautious note over doubts that an OPEC-led production cut was having the desired effect of restoring balance to a market that has been dogged by oversupply for more than two years.

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 dollar on Thursday and government bonds firmed, helped by slowing inflation and the government's rejection of nationalisation of mines and banks.

AFRICA CURRENCIES Nigeria's naira, is expected to post gains over the next week as a central bank move to ease business access to dollars trims demand on the black market, while Zambia's kwacha is seen supported by salary payments.

NIGERIA ECONOMY Nigeria plans to get out of recession by boosting government revenues and cracking down on corruption, Finance Minister Kemi Adeosun said on Thursday, and will also issue more international debt to pay for infrasturcture projects.

NIGERIA ECONOMY Nigeria's naira shot firmer on the country's black market on Thursday as traders prepared for the central bank to increase the dollar supply to exchange bureaux to keep the official retail rate higher.

ZAMBIA POLITICS A Zambian court will rule next week on whether to throw out a treason case against the leader of the main opposition party whose lawyers say the charges are ambiguous, a magistrate said on Thursday.

KENYA ELECTIONS Kenya's President Uhuru Kenyatta said on Thursday his government would not tolerate violence between rival camps of supporters in party primaries before a national election in August.

KENYA BANKS Kenya will issue its debut Islamic bond planned for the fiscal year starting in July under existing laws as it pushes legal reforms aimed at boosting Islamic finance, a senior government official said.

IVORY COAST ECONOMY Ivory Coast has slashed its 2017 budget due to plummeting cocoa prices, its president said in comments reported in national media on Thursday, as it seeks to shore up state coffers also under pressure following payouts to disgruntled soldiers.

GET INSTANT UPDATES WITH  abokiFX  APP LINKS BELOW

https://play.google.com/store/apps/details?id=com.app.Abokifx&hl=en

https://itunes.apple.com/us/app/abokifx/id1205477397?mt=8

SEE HOW MUCH YOU GET IF YOU SELL

NGN
USD
GBP
EUR
Real Time Analytics