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’s latest stimulus to shore up the world’s
second-largest economy underpinned sentiment and helped
limit losses across the rest of Asia.
WORLD OIL PRICES
Oil prices rose on Monday, extending last week’s gains as a
drop in the number of U.S. 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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AFRICA STOCKS
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AFRICA DEBT
Yields on Nigeria’s local debt could ease next week, while
subscription rates for Kenyan Treasury bills may slip as
banks build cash reserves.
SOUTH AFRICA MARKETS
South Africa’s rand fell to a one-week low against the
dollar on Friday as the greenback was bolstered by U.S.
inflation data that raised hopes of a rate hike, while local
power cuts and anti-immigrant unrest hit sentiment.
NIGERIA MARKETS
Nigeria’s overnight lending rates eased to 12.25 percent on
average on Friday as the central bank repaid matured
treasury bills, after peaking at 90 percent in the week.
KENYA MARKETS
Kenyan shares rose on Friday 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 Saturday
that a new IMF support program for Ghana would likely unlock
lending from other 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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