Market News
African Markets – Factors to watch on April 22 - REUTERS
April 22 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.
EVENTS:
Kenya’s President William Ruto will meet his Chinese counterpart Xi Jinping during a state visit to Beijing.
GLOBAL MARKETS
Asian stock markets fought to hold their footing on Tuesday after a furious flight from U.S. assets undermined Wall Street and the dollar, while concerns about the independence of the Federal Reserve piled fresh pressure on Treasuries.
WORLD OIL PRICES
Oil prices climbed in early trade on Tuesday as investors took advantage of the previous day’s losses to cover short positions, although concerns persisted over economic headwinds from tariffs and U.S. monetary policy that could dampen fuel demand.
SOUTH SUDAN SECURITY
South Sudan’s army said it had recaptured a key town in Upper Nile state that it lost to an ethnic Nuer militia in March in clashes which led to the arrest of First Vice President Riek Machar and a spiralling political crisis.
NIGERIA VIOLENCE
The Islamic State West Africa Province (ISWAP) has claimed responsibility for a series of deadly attacks targeting Nigerian security forces as well as Christian civilians in Nigeria’s northeastern regions earlier this month.
((Compiled by Nairobi Newsroom))
