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NAIROBI, April 3 - 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
Oil prices retreated on Friday after massive gains, while
stocks in Asia edged down, as doubts grew over an oil price
deal between Saudi Arabia and Russia that U.S. President
Donald Trump said he had brokered. MKTS/GLOB
WORLD OIL PRICES
Oil prices fell on Friday, coming off their biggest one-day
gains in the previous session, after U.S. President Donald
Trump said he had brokered a deal between Saudi Arabia and
Russia to cut output, but made no offer to reduce U.S.
production. 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 fell to a new all-time low against the
dollar on Thursday, as analysts predicted a steep economic
contraction and large budget deficit because of the global
coronavirus pandemic. KENYA MARKETS
The Kenyan shilling KES= weakened on Thursday due to some
merchandise importers and retailers buying dollars to meet
their obligations amid lacklustre inflows due to the
coronavirus-related disruptions, traders said. NIGERIA OIL
Nigeria's Department of Petroleum Resources ordered oil and
gas companies on Thursday to reduce their workforce and
practice social distancing, tightening measures to stem the
spread of the coronavirus. MOBILE MONEY
Ethiopia's central bank will allow locally-owned
non-financial institutions to start offering mobile money
services as it seeks to boost non-cash payments in the
country, it 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