African Markets - Factors to watch on April 10

NAIROBI, April 10 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Friday.
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GLOBAL MARKETS
Global equity benchmarks moved higher on Thursday following
signs of some success by governments and central banks which
have taken additional steps to bolster their economies
during the COVID-19 pandemic, while oil prices pulled back
from an earlier surge. MKTS/GLOB

WORLD OIL PRICES
Oil prices tumbled on Thursday on doubts that a deal between
OPEC and allies to make a record oil supply cut would be
enough to offset the collapse in global fuel demand caused
by the coronavirus pandemic. O/R

EMERGING MARKETS
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STOCKS
For the latest news on African stocks, click on .J

SOUTH AFRICA MARKETS
South Africa's rand rallied to its firmest in more than a
week on Thursday, breaking through the key 18.00 mark as
increased bets of the currency returning to fair value and a
new $2.3 trillion stimulus by the U.S. central bank spurred
demand. CURRENCIES
Zambian, Ugandan and Nigerian currencies are expected to
remain on the back foot in the coming week while Kenya's
will likely hold steady. AFRICA ECONOMY
The rapidly-spreading coronavirus outbreak is expected to
push sub-Saharan Africa into recession in 2020 for the first
time in 25 years, the World Bank said in a new forecast on
Thursday. MARKETS
The Kenyan shilling KES= was under pressure on Thursday
due to dollar demand from the energy sector and merchandise
importers amid little foreign exchange inflows to offer
support, traders said. BANKING
Kenya's central bank has ordered Absa Bank Kenya ABSA.NR
to stop foreign exchange dealing between April 9 and April
15 for failing to observe anti money-laundering rules on
some trades. the latest precious metals report click on GOL/
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For the latest crude oil report click on O/L