The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Thursday.
- - - - -
GLOBAL MARKETS
Global shares crumbled on Thursday after U.S. President
Donald Trump stunned investors by announcing a temporary
travel ban from Europe in an effort to curb the spread of
the coronavirus, threatening more disruptions to businesses
and the world economy. MKTS/GLOB
WORLD OIL PRICES
Oil prices sank again on Thursday along with the broader
market after the United States banned travel from Europe
following a World Health Organization declaration that the
coronavirus outbreak is now a pandemic. 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 weakened on Wednesday as another bout of
risk aversion dragged emerging market currencies lower, with
investors fretting over the impact of the coronavirus and
opting for safe-haven assets. MARKETS
Nigerian stocks sank to a more than four-year low on
Wednesday, while bond yield spreads widened as jittery
investors fret over a possible naira devaluation after oil
prices plunged. MARKETS
The Kenyan shilling KES= strengthened on Wednesday
supported by dollar inflows from non-governmental
organizations amid subdued buying activity from merchandise
importers, traders said. ECONOMY
Zimbabwe will adopt a "managed float" exchange rate regime,
Finance Minister Mthuli Ncube said on Wednesday, abandoning
strict control of foreign exchange by the central bank in
the latest in a series of currency reforms that have so far
failed. SECURITY
A U.S. air strike aimed at Somali Islamist militants killed
six civilians instead, a lawmaker and relative of one victim
said on Wednesday, raising further questions about the
extent of civilian casualties from U.S. military operations.
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