NAIROBI, May 7 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Thursday.
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GLOBAL MARKETS
Asian shares pared early losses on Thursday after Chinese
exports proved far stronger than even bulls had imagined, while
U.S. bond investors were still daunted by the staggering amount
of new debt set to be sold in coming weeks. MKTS/GLOB
WORLD OIL PRICES
Oil prices steadied on Thursday as data showed China's crude
imports rebounded, but market watchers expect gains to be capped
by the glut in supplies as the coronavirus pandemic crushes
global fuel demand. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand weakened against the dollar in afternoon
trade on Wednesday, with market sentiment bruised by indicators
painting a bleak outlook for the economy both at home and
globally amid the coronavirus crisis. MARKETS
The Kenyan shilling KES= firmed on Wednesday due to reduced
demand from the energy sector and commercial banks selling off
their excess dollars, traders said. MARKETS
Nigerian stocks rose for the eight session on Wednesday, up
1.28% after oil price climbed above $31 a barrel on hopes for a
recovery in demand as some countries ease coronavirus
lockdowns. IMF
The International Monetary Fund on Wednesday said its executive
board has approved $739 million in emergency financing to help
Kenya respond to the economic shock caused by the novel
coronavirus pandemic. PRIVATE SECTOR
Kenya's private sector activity declined sharply in April as
businesses reeled from the impact of the coronavirus, a survey
showed on Wednesday. IMF
Uganda will receive an emergency loan worth $491.5 million from
the International Monetary Fund to help cushion its economy from
the impact of the new coronavirus, the fund said on
Wednesday. For the latest precious metals report click on GOL/
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