African Markets - Factors to watch on May 5
Reuters
Published May 05, 2021 07:02
NAIROBI, May 5 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday.
GLOBAL MARKETS
Asian shares were trying to avoid a fourth straight session of falls on Wednesday as U.S. stock futures steadied in the wake of a pullback in large-cap tech darlings.
WORLD OIL PRICES
Oil prices rose nearly 1% on Wednesday, extending overnight gains, after industry data estimated U.S. crude stockpiles fell much more than expected last week reinforcing bullish views on fuel demand in the world's largest economy.
SOUTH AFRICA MARKETS
The South African rand weakened against a dominant dollar on Tuesday, erasing the previous day's gains as investors awaited upcoming data and policy speeches.
MARKETS
The Kenyan shilling (KES) was slightly firmer on Tuesday as export and remittance inflows outstripped importer demand for dollars, traders said.
LENDING RATES
Nigerian lawmakers on Tuesday urged the central bank to standardise commercial lending rates to support small businesses and get credit flowing to the real economy in Africa's most populous nation.
VACCINES
When Edith Serem received her COVID-19 vaccination last month at a hospital in Nairobi where she works as a doctor, nurses jokingly warned she might start speaking in a foreign language.
ELECTION
The European Union has scrapped plans to send observers to a parliamentary election in Ethiopia next month, saying conditions had not been met on communication systems and the mission's independence.
MTN
MTN Nigeria (MTNN.LG) has issued a 100 billion naira ($263 mln) fixed rate bond in the first quarter of 2021, due in seven years, under a 200 billion naira bond programme to refinance existing debt and support network expansion.
CONFLICT
Conflict in Ethiopia's Tigray region has separated nearly 5,000 children from their parents, Save the Children said on Tuesday.
Get The App
Written By: Reuters
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.