NAIROBI, May 3 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
- - - - -
*UGANDA - Bank of Uganda announces its decision on the
Central Bank Rate. It held its main interest rate at 12
percent in April.
*MAURITIUS - Bank of Mauritius auctions 273-day Treasury
bills worth a total 600 million rupees.
Global equity markets rallied but the euro slumped against
the dollar on Thursday after the European Central Bank cut
interest rates to an all-time low and its president suggested
the possibility of negative deposit rates in the future.
WORLD OIL PRICES
Brent crude held below $103 a barrel on Friday, holding on to
most of its steep gains from the previous session when an
interest rate cut by the European Central Bank boosted
investors' appetite for riskier assets.
For the top emerging markets news, double click on
For the latest news on African stocks, click on
The Zambian kwacha could come under pressure next week on
lower copper prices, while in Ghana strong corporate demand
for dollars is likely to keep the cedi near all-time lows.
SOUTH AFRICA MARKETS
South African stocks ended higher on Thursday, breaking a
three session decline, as retailers such as Massmart
and Shoprite recovered from valuation worries.
Government bond yields hit record lows again on Thursday
and the rand firmed against both the dollar and euro as
policy easing in Europe spurred demand for high-yielding
Nigerian stocks rose to their highest level in more than
three weeks on Thursday, lifted by a 10 percent gain in
biggest listed firm Dangote Cement to an unprecedented high,
The Kenyan shilling firmed slightly on Thursday on
reduced corporate dollar demand, while mobile phone service
provider Safaricom lifted Nairobi's main share
Kenya plans to cut its domestic borrowing in the fiscal year
from July to help reduce its overall debt, and will target
114.1 billion shillings ($1.4 billion) in domestic issues, a
finance ministry paper showed on Thursday.
EAST AFRICA BUSINESS REFORMS
A trading bloc of East African economies are making it easier
for businesses to work, but performance among the five varies
widely and reforms are needed to boost trade and investment,
the World Bank said on Thursday.
Mozambique has trimmed this year's economic growth forecast
to 7 percent from 8 percent due to the impact of heavy floods
that hit the southern African nation in January, according to
a government report released this week.
For the latest precious metals report click on
For the latest base metals report click on
For the latest crude oil report click on
((Compiled by Nairobi Newsroom))
Keywords: AFRICA FACTORS/
Copyright Thomson Reuters 2013. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.