African Markets – Factors to watch on April 20




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The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Monday.
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GLOBAL MARKETS
Stock markets in China and Japan rose on Monday after
Beijing’ latest stimulus to shore up the world’
second-largest economy underpinned sentiment and helped
limit losses across the rest Asia.

WORLD OIL PRICES
Oil prices rose on Monday, extending last week’ gains as a
drop in the number U.. rigs drilling for crude pointed
to lower supply later in the year, while China’s latest
stimulus measure also underpinned the market.

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EMERGING MARKETS
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STOCKS
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DEBT
Yields on ’s local debt could ease next week, while
subscription rates for Kenyan Treasury bills may slip as
banks build cash reserves.

MARKETS
’s rand fell to a -week low against the
dollar on as the greenback was bolstered by .
inflation data that raised hopes a rate hike, while local
power cuts and anti-immigrant unrest hit sentiment.

MARKETS
’s overnight lending rates eased to 12.25 percent on
average on as the central bank repaid matured
treasury bills, after peaking at 90 percent in the week.

KENYA MARKETS
Kenyan rose on led by telecoms firm Safaricom
SCOM.NR, while Kenya’s shilling KES= was steady but was seen
weakening due to importer dollar demand.

GHANA IMF
The head of the International Monetary Fund said on
that a new IMF support program for Ghana would likely unlock
lending from bilateral institutions.

MAURITIUS TBILLS
The weighted average yield on Mauritius’ 364-day Treasury
bill fell to 1.57 percent at auction on Friday from 1.95
percent at the previous sale on March 20, the central bank
said.

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