Trump meets Zelenskiy, says Putin wants war to end, mulls trilateral talks
NAIROBI, April 9 (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 rose on Thursday on hopes the COVID-19 pandemic
is nearing a peak and that governments would roll out more
stimulus measures, while expectations of an oil production
cut agreement bolstered crude prices. MKTS/GLOB
WORLD OIL PRICES
Crude futures rose on Thursday on expectations the world's
largest oil producers would agree to cut production at a
meeting later in the day as the industry grapples with the
coronavirus-driven collapse in global oil
demand. O/R
EMERGING MARKETS
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STOCKS
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SOUTH AFRICA MARKETS
South Africa's stock market fell almost 2% on Wednesday, as
the disappearance of investor optimism that had boosted
emerging markets combined with a drop in business confidence
to a seven-month low. PETROLEUM
Nigeria has decided to close all its oil refineries as it
works to secure funding and a model to upgrade them, the
head of Nigerian National Petroleum Corporation (NNPC) said
on Wednesday. DEVELOPMENT BANK CORONAVIRUS FUND
The African Development Bank (AfDB) launched a $10 billion
COVID-19 response facility on Wednesday aimed at helping the
continent confront the pandemic, which is already wreaking
havoc on the region's economies. BANK SUB-SAHARAN AFRICA ECONOMY
The World Bank forecasts the sub-Saharan Africa region's
economic growth for 2020 will contract because of the impact
of the coronavirus outbreak, going into a recession for the
first time in 25 years, it said on Thursday. MARKETS
The Kenyan shilling KES= was weaker on Wednesday due to
lack of dollar inflows and thin trading activity amid
slowing economic activity due to the effects of the
coronavirus epidemic, traders said. REPUBLIC OF CONGO CORRUPTION
Vital Kamerhe, the chief of staff to the president of
Democratic Republic of Congo, was arrested on Wednesday
after testifying in an investigation into the alleged
misappropriation of public funds, police said. For the latest precious metals report click on GOL/
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