June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

African Markets - Factors to watch on Feb. 4

Published 2019-02-03, 11:41 p/m
© Reuters.  African Markets - Factors to watch on Feb. 4
APC
-
CL
-
NG
-

NAIROBI, Feb 4 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.

- - - - - GLOBAL MARKETS Asia stocks hovered near four-month highs on Monday after a mixed performance on Wall Street at the close of last week, while the dollar firmed against the yen following strong U.S. job and manufacturing data.

MKTS/GLOB WORLD OIL PRICES Crude oil prices edged lower on Monday after sharp gains during the previous session but were supported by expectations of shrinking supply and signs that China-U.S. trade tensions could ease. 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 The South African rand weakened on Friday, retreating from a near six-month high, as weak economic data at home and shrinking factory activity in China dampened risk demand.

SOUTH AFRICA ENERGY South Africa's struggling state power firm Eskom moved a step closer to narrowing a funding gap for the financial year which ends in March by agreeing a 15 billion rand ($1.1 billion) loan with a local and international banks on Friday.

MARKETS The Kenyan shilling firmed against the dollar on Friday due to dollar inflows from diaspora remittances and portfolio investors buying government debt amid reduced dollar demand from the energy and manufacturing sector, traders said.

NIGERIA SECURITY The Islamist militant group Boko Haram killed at least 60 people in the northeast Nigerian town of Rann on Monday, a day after it was abandoned by the military, Amnesty International and security sources said on Friday.

ZIMBABWE POLITICS Zimbabwe's President Emmerson Mnangagwa dismissed rumours of a rift with his deputy, which have gathered momentum since he promised action in response to a brutal security crackdown that began last month while he was abroad.

GAS Anadarko Petroleum Corp (NYSE:APC) APC.N said on Friday a long-term agreement had been signed with the trading division of China's state-owned offshore oil and gas producer CNOOC Ltd 0883.HK to supply liquefied natural gas (LNG) from Mozambique.

the latest precious metals report click on GOL/

For the latest base metals report click on MET/L

For the latest crude oil report click on O/L

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.