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African Markets - Factors to watch on April 2

Published 02/04/2020, 05:56
Updated 02/04/2020, 06:00
© Reuters.
US Dollar Kenyan Shilling
0.00%

NAIROBI, April 2 - The following company announcements, scheduled economic indicators, debt
and currency market moves and political events may affect African markets on Thursday.
- - - - -

GLOBAL MARKETS
Asian equities fell for a second session on Thursday, after
a dire warning about the U.S. coronavirus death toll had
investors looking to the safety of dollars and bonds and
bracing for more bad news from U.S. jobless
figures. MKTS/GLOB

WORLD OIL PRICES
Crude oil futures surged on Thursday after U.S. President
Donald Trump said he expected Saudi Arabia and Russia to
reach a deal soon to end their oil price war and Russian
President Vladimir Putin called for a solution to
"challenging" oil markets. 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
The rand weakened on Wednesday, with confidence hit by
further signs of South Africa's economic
fragility.
KENYA MARKETS
The Kenyan shilling KES= was under pressure on Wednesday
due to lacklustre foreign currency inflows caused by the
coronavirus-related disruptions to farm exports and tourism,
traders said. MARKETS
Nigerian stocks fell 2.4% to hit a new eight-year low on
Wednesday after its biggest listed firm Dangote Cement
declined and a lockdown of the country's two main cities to
stop the spread of coronavirus entered second
day. AFRICA DEBT
African finance ministers want International Monetary Fund,
World Bank and EU support for bilateral, multilateral and
commercial debt relief amid the coronavirus crisis, the UN
Economic Commission for Africa (UNECA) said. 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

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