African Markets - Factors to watch on June 2

Published 02/06/2020, 05:30
Updated 02/06/2020, 05:36
© Reuters.
USD/UGX
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NAIROBI, June 2 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Tuesday.
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GLOBAL MARKETS
Asian stocks eked out gains on Tuesday as investors' focus
on the prospects of a global coronavirus recovery won out
over familiar worries about Sino-U.S. relations and the
depth of economic damage. MKTS/GLOB

WORLD OIL PRICES
Oil prices crawled higher on Tuesday, with traders waiting
to see whether major producers agree to extend their huge
output cuts to shore up prices at a meeting expected later
this week. 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
South Africa's rand firmed more than one percent on Monday,
lifted by hopes of economic recoveries at home and abroad as
more countries eased coronavirus lockdowns. PETROLEUM
Nigeria has launched its first licensing round for marginal
oilfields in nearly 20 years, the Department of Petroleum
Resources (DPR) said on Monday, despite court rulings last
week that barred some of the fields from being
auctioned. CURRENCY
The Ugandan shilling UGX= strengthened on Monday on the
back of weaker importer demand and dollar inflows from tea,
coffee and gold exports, traders said. COAST COCOA
Cocoa arrivals at ports in top grower Ivory Coast reached
1.851 million tonnes between Oct. 1 and May 31, exporters
estimated on Monday, down 5.8% from 1.967 mln tonnes over
the same period last season. 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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