NAIROBI, April 16 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday.
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GLOBAL MARKETS Shares fell in Asia on Wednesday as AI darling Nvidia NVDA.O took a hit from U.S. curbs on chip sales to China, highlighting the damage to come in a tit-for-tat global trade war, while gold hit a record and the dollar stayed under pressure.nL4N3QT1PWMKTS/GLOB WORLD OIL PRICES Oil prices edged lower on Wednesday, as shifting U.S. tariff policies fuelled uncertainty, prompting traders to weigh the potential impact of the U.S.-China trade war on economic growth and energy demand.nL1N3QU03JO/R EMERGING MARKETS For the top emerging markets news, double click on nTOPEMRG AFRICA STOCKS For the latest news on South African stocks, click on .J SOUTH AFRICA MARKETS The South African rand retreated on Tuesday after the country's central bank warned in a biannual review that the scope for monetary policy easing had narrowed because of global economic uncertainty.nL1N3QT0MF NIGERIA INFLATION Nigeria's headline consumer inflation NGCPIY=ECI edged up to 24.23% year-on-year in March from 23.18% in February, its statistics agency said on Tuesday.nL8N3QT151 NIGERIA PETROLEUM Nigeria plans to establish a national strategic petroleum products stockpile this year to safeguard its economy against disruptions in the international market, the petroleum products regulator said at a press briefing on Tuesday.nL1N3QT0MP KENYA MARKETS Kenya's shilling KES= was little changed against the U.S. dollar on Tuesday, data from the London Stock Exchange Group showed.nL8N3QT0E9 TULLOW OIL KENYA West Africa-focused oil and gas explorer Tullow Oil TLW.L said on Tuesday it would sell its assets in Kenya to Gulf Energy Ltd for at least $120 million as it works to reduce its debt.nL4N3QT0QH TANZANIA POLITICS Tanzania's main opposition party CHADEMA said on Tuesday its disqualification from elections due later this year was unconstitutional, days after its leader was arrested and charged with treason.nL4N3QT192 AFRICA CRUDE OIL A steep drop in crude oil prices largely due to U.S. President Donald Trump's tariffs will squeeze budgets of emerging market oil exporters, analysts said, while the potential economic slowdown could also curb any benefits for importers.nL5N3QO1L1 BARRICK GOLD MALI Malian authorities have shut the Canadian miner Barrick Gold's ABX.TO office in the capital Bamako over the alleged non-payment of taxes, two sources close to the matter told Reuters, in the latest escalation of a protracted dispute over mining revenues.nL6N3QT0Q7 For the latest precious metals report click on GOL/ For the latest base metals report click on MET/L For the latest crude oil report click on O/L |
((Compiled by Nairobi Newsroom))
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