African Markets - Factors to watch on June 1

NAIROBI, June 1 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Monday.
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GLOBAL MARKETS
Asian shares pushed to three-month highs on Monday as
progress on opening up economies helped offset jitters over
riots in U.S. cities and unease over Washington's power
struggle with Beijing. MKTS/GLOB

WORLD OIL PRICES
Oil prices fell nearly 1% on Monday as traders hedged bets
with the Organization of the Petroleum Exporting Countries
(OPEC) considering meeting as soon as this week to discuss
whether to extend record production cuts beyond
end-June. O/R

EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand weakened against the dollar early on
Friday as investors waited to hear the latest U.S. response
to China tightening its control over financial hub Hong
Kong. MARKETS
Nigeria's five-year bond yield dropped more than 200 basis
points on Friday as yields fell across maturities, a day
after the central bank unexpectedly cut its benchmark
lending rate to stimulate growth in Africa's largest
economy, traders said. MARKETS
The Kenyan shilling KES= firmed on Friday due to tight
liquidity conditions in the local money market and inflows
from horticulture exports, traders said. ECONOMY
Mauritius's economy is expected to contract by between 7.5%
and 15% in 2020 due to the effects of the coronavirus, which
have hit its tourism, manufacturing, and transport sectors,
the central bank governor said on Friday. ECONOMY
Industrial gold output from Ghana, Africa's top producer of
the precious metal, increased 6% in 2019 from the previous
year while small-scale gold production dropped 20%, the
Chamber of Mines said in its annual general meeting on
Friday. PETROLEUM
Fifty-eight workers tested positive for COVID-19 at an oil
production facility run by Tullow Oil TLW.L off Ghana's
Atlantic coast, the company said in a statement on
Friday. MINING
Zambia's Copperbelt Energy Corp (CEC) CECZ.LZ will stop
supplying power to Vedanta's VDAN.NS local unit Konkola
Copper Mines (KCM) from Monday, it said after talks on an
extension to their supply agreement broke down over debt
owed to CEC. SECURITY
Mozambique President Filipe Nyusi said government forces had
engaged in extensive fighting against insurgents after they
attacked the town of Macomia in the gas-rich northern region
on Thursday. the latest precious metals report click on GOL/
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