The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Tuesday.
- - - - -
EVENTS:
*Turkish President Tayyip Erdogan visits Senegal
GLOBAL MARKETS
Asian stocks extended a global selloff on Tuesday as China
took more drastic steps to combat a deadly new coronavirus,
while bonds shone on expectations central banks would need
to keep stimulus flowing to offset the likely economic
drag. MKTS/GLOB
WORLD OIL PRICES
Oil futures slipped on Tuesday, extending losses into a
sixth session as the spread of a new virus in China and
other countries raised concerns about a hit to economic
growth and slower oil demand. O/R
EMERGING MARKETS
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STOCKS
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SOUTH AFRICA MARKETS
South Africa's rand plunged to a one week-low while stocks
sank by more than two percent on Monday as the outbreak of a
deadly virus in China worsened, dimming demand for risk
assets globally. USA IMMIGRATION
Nigeria had no warning from Washington that it could be
added to the list of countries subject to a U.S. travel ban,
information minister Lai Mohammed said on Monday, adding
such a move would be "hasty" and send the wrong signal to
investors. TRANSPORTATION
Nigeria's business capital of Lagos will ban commercial
motorcycles from operating in large parts of the city, the
state government announced on Monday, a move that could
change the commute for thousands and threaten ride-hailing
startups. MARKETS
The Kenyan shilling KES= was broadly stable against the
dollar on Monday with market players eyeing a central bank
monetary policy meeting later in today's session, traders
said. RATES
Kenya's central bank cut its benchmark lending rate
KECBIR=ECI on Monday for the second time in a row, saying
the economy was operating below potential and there was room
for a more accommodative monetary policy. MARKETS
The Ugandan shilling UGX= was unchanged on Monday but
traders said it could draw some strength from inflows
targeting this week's planned Treasury bill
auction. RIGHTS
Rwanda, often lauded internationally for its economic
progress and reintegration after the 1994 genocide, is
detaining and abusing street children at a holding centre in
the capital, an international rights group said
Monday. ECONOMY
Zimbabwe's tax agency on Monday ordered businesses charging
their customers in foreign currency to also settle their tax
obligations in foreign currency, as the government aims to
raise scarce dollars. COAST COCOA
Farmers in Ivory Coast's cocoa regions said on Monday more
rain was needed to boost the April-to-September mid-crop
following hot, dry weather last week and only patchy
rainfall before that. the latest precious metals report click on GOL/
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