African Markets - Factors to watch on March 3

African Markets - Factors to watch on March 3

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.- - - - -GLOBAL MARKETSAsian share markets made guarded gains on Monday as investors waited anxiously to see if imminent tariffs would go ahead, while bitcoin surged on news it would be included in a new U.S. strategic reserve of cryptocurrencies.WORLD OIL PRICESOil prices rose 1% on Monday as upbeat manufacturing data from China, the world's biggest crude importer, led to renewed optimism for fuel demand, although uncertainty about global economic growth from potential U.S. tariffs loomed.EMERGING MARKETSFor the top emerging markets news, double click on AFRICA STOCKSFor the latest news on South African stocks, click on SOUTH AFRICA MARKETSSouth Africa's rand was little changed on Friday, after the release of a key U.S. inflation reading and a flurry of local economic data.KENYA MARKETSKenya's shilling firmed slightly on Friday, supported by inflows of foreign currency from international donors and merchandise exporters, traders said.KENYA INFLATIONKenya's annual consumer inflation (KECPI=ECI) rose for the fourth month in a row to 3.5% in February from 3.3% in January, the statistics office said on Friday. KENYA DEBT Kenya will wait to draw cash from a $1.5 billion privately placed bond in the United Arab Emirates so that it can fit into its budget plans for this financial year, Finance Minister John Mbadi said on Friday.GUINEA-BISSAU POLITICSGuinea-Bissau's President Umaro Sissoco Embalo threatened to expel a political mission sent to his country by the Economic Community of West Africa States (ECOWAS), the political and economic bloc said on Sunday.DEMOCRATIC REPUBLIC OF CONGO SECURITYDemocratic Republic of Congo's government and Rwandan-backed M23 rebels traded blame on Friday for explosions at a rally in the rebel-held eastern city of Bukavu that killed 13 people and wounded scores.MALAWI ECONOMYMalawi's government trimmed its economic growth forecast for this year in its annual budget on Friday as disgruntled citizens protested in major cities over rising prices.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)) ((Email: ))

Reuters