NAIROBI, May 28 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Thursday.
- - - - -
GLOBAL MARKETS
Asian shares and U.S. stock futures rose on Thursday as
growing optimism about a global economic recovery from the
coronavirus pandemic trumped immediate concerns about a
standoff between the United States and China over Hong Kong.
MKTS/GLOB
WORLD OIL PRICES
Oil prices slid for a second consecutive session on Thursday
as U.S. industry data showed a steep and surprising build-up
in crude stockpiles, dampening hopes of a smooth demand
recovery as the world begins to ease its way out of
coronavirus lockdowns. O/R
EMERGING MARKETS
For the top emerging markets news, double click on STOCKS
For the latest news on African stocks, click on .J
SOUTH AFRICA MARKETS
South Africa's rand fell on Wednesday following global
weakness in emerging market currencies due to increasing
Sino-U.S. friction over China's proposed security law for Hong
Kong, retreating the two-month high seen a day before.
MARKETS
The Kenyan shilling KES= weakened slightly on Wednesday due
to some manufacturers and merchandise importers buying dollars
to meet their end month obligations, traders said.
KENYA RATES
Kenya's central bank kept its benchmark lending rate at 7.0%
on Wednesday, as expected, judging that its current
accommodative stance remained appropriate, the Monetary Policy
Committee said in a statement. UGANDA COFFEE
The quality of Uganda's coffee crop may decline in the coming
months as heavy rains across the east African nation have
reduced the amount of sunshine necessary for bean drying, an
industry official told Reuters on Wednesday. DEBT
Zambia has picked French company Lazard Freres to provide
advisory services regarding liability management for its debt
portfolio, Secretary to the Treasury Fredson Yamba said on
Wednesday.
NAMIBIA ECONOMY
Namibia's economy is likely to contract by 6.6% in 2020 and by
1.1% next year as the COVID-19 pandemic hits economies
globally, finance minister Iipumbu Shiimi said on Wednesday.
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