Log In

African Markets - Factors to watch on Feb 13

Published 3 months ago2 minute read
World map with charts and graphs as symbols of global finance

Feb 13 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.

Rwanda’s central bank will set its key interest rate. In November the bank held the rate at 6.5%.

U.S. and European stock futures rallied on Thursday on optimism over prospects of a peace deal between Ukraine and Russia, offsetting a jump in Treasury yields as hot inflation threatens to close the door to any policy easing in the U.S. this year.

Oil prices fell on Thursday on expectations a potential peace deal between Ukraine and Russia would mean the end of sanctions that have disrupted supply flows and U.S. President Donald Trump’s intention to introduce reciprocal tariffs stoked inflation jitters.

South Africa’s rand slipped on Wednesday, after data showed U.S. consumer prices rose more than expected last month, raising the prospect of the Federal Reserve holding interest rates higher for longer.

The Kenyan shilling strengthened slightly against the U.S. dollar on Wednesday, supported by foreign exchange inflows from the diaspora and central bank support, traders said.

Barrick Gold will resume operations at its shuttered Loulo-Gounkoto mine in Mali once authorities in the country allow it to resume gold shipments, CEO Mark Bristow told Reuters on Wednesday.

Senegal’s Court of Auditors released a long-awaited review of the country’s finances on Wednesday that confirmed the previous government misreported key economic data including debt and deficit figures.

An agreement has been reached for the creation of a Russian naval base in Sudan, Sudanese Foreign Minister Ali Yusef Sharif said in a televised press conference in Moscow on Wednesday.

((Compiled by Nairobi Newsroom))

Origin:
publisher logo
CNBC Africa
Loading...
Loading...
Loading...

You may also like...