African Markets - Factors to watch on February 23

Reuters
02/23
African Markets - Factors to watch on February 23

NAIROBI, Feb 23 (Reuters) - 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

Wall Street futures and the dollar slid in Asia on Monday as confusion over U.S. tariffs revived the "sell America" trade, while confidence in the entire AI sector was set to be tested by results from tech-diva Nvidia this week.nL1N3ZJ013MKTS/GLOB

WORLD OIL PRICES

Oil prices slid 1% on Monday with the U.S. and Iran headed for a third round of nuclear talks, easing concerns about a potential conflict, while President Donald Trump created uncertainty for global growth and fuel demand with a new round of tariff hikes.nL1N3ZI06E

O/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 edged up on Friday after the release of a higher-than-expected December U.S. inflation reading while investors also watched rising geopolitical tensions between the United States and Iran.nL1N3ZG0E7

NIGERIA SECURITY

At least 50 people were killed and several women and children abducted after armed men attacked a village in Nigeria's northwestern Zamfara state, a state lawmaker told Reuters on Friday.nL1N3ZG0TC

WEST AFRICA OIL

West African crude oil differentials for March-loading cargoes remain under pressure, traders said on Friday, due to elevated freight costs and ample supply.nL6N3ZG0Y8

UGANDA BUDGET

Uganda raised its projected public spending for the 2026/2027 financial year by 12.7% to 78.2 trillion shillings ($21.78 billion), up from an earlier estimate of 69.4 trillion shillings, the finance ministry announced on Friday.nL8N3ZG1AT

KENYA EUROBOND

Kenya has successfully issued two Eurobonds worth a total $2.25 billion, the finance ministry said on Friday.nS8N3XA04E

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))

((Email: nairobi.newsroom@thomsonreuters.com))

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