Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

African Markets - Factors to watch on Feb. 5

Published 2019-02-04, 11:53 p/m
Updated 2019-02-05, 12:00 a/m
© Reuters.  African Markets - Factors to watch on Feb. 5

NAIROBI, Feb 5 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.

- - - - - GLOBAL MARKETS Asian stocks extended gains on Tuesday as overnight strength on Wall Street and the Federal Reserve's cautious turn underpinned appetite for riskier assets, while the dollar held firm on last week's upbeat U.S. data. MKTS/GLOB WORLD OIL PRICES U.S. oil prices inched up on Tuesday, buoyed by expectations of tightening global supply due to U.S. sanctions on Venezuela and production cuts led by OPEC 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 eased on Monday as a strong dollar and U.S. Treasury yields holding recent gains put pressure on emerging market currencies, while stocks also edged lower.

SOUTH AFRICA MTN GROUP South African telecoms giant MTN MTNJ.J said on Monday it expected to see a 20 percent improvement in earnings per share last year compared with 2017. KENYA MARKETS The Kenyan shilling KES= strengthened to its strongest level in six months against the dollar on Monday due to hard currency inflows from horticulture exports and offshore investors buying government debt amid thin oil importer demand, traders said. CHAD SECURITY French warplanes struck a rebel convoy in northern Chad on Sunday, helping local troops repel an incursion across the border from Libya, a sign France's support for President Idriss Deby goes beyond fighting Islamist militants.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

ECONOMIC CRISIS Zimbabwe's mines minister on Monday said the central bank governor would soon introduce a monetary policy tool to alleviate foreign currency shortages that have affected mining companies. ECONOMY Botswana's economy is expected to expand at a slower pace in 2019 compared with last year, Finance Minister Kenneth Matambo said on Monday. COAST COCOA Ivory Coast's cocoa farmers expect an abundant April-to-September mid-crop, they said on Monday, following a week of above-average rainfall in most of the country's cocoa regions 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.