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 shares bounced and bond yields rose from historic lows
on Tuesday as speculation of coordinated stimulus from
global central banks and governments calmed panic
selling. MKTS/GLOB
WORLD OIL PRICES
Oil prices bounced around 6% on Tuesday, but analysts saw
little chance of a major recovery from the biggest daily
rout in nearly 30 years after top producers Saudi Arabia and
Russia launched a price war. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand tumbled to a four-year low on Monday,
joining a global sell-off in riskier assets as the
coronavirus outbreak continued to spread globally and oil
prices collapsed. OIL
Nigeria, Africa's top oil producer, will cut the size of its
record 10.6 trillion naira ($34.6 billion) budget for 2020
because of a sharp decline in the price of crude, the
finance minister said on Monday. MARKETS
The Kenyan shilling KES= weakened on Monday due to dollar
demand from commercial banks beefing up their foreign
reserves outweighing inflows from diaspora remittances,
traders said. AIRLINES CRASH
Ethiopian investigators singled out faulty systems on a
Boeing BA.N 737 MAX plane in an interim report on last
year's Ethiopian Airlines crash that killed 157 people,
piling pressure on the U.S. jetmaker on the eve of the
disaster's anniversary. INSURANCE
The Democratic Republic of Congo has granted an insurance
licence to a subsidiary of Hong-Kong-listed Frontier
Services Group (FSG) 0500.HK , a security and logistics
company run by Erik Prince, the founder of private security
firm Blackwater.
FASO SECURITY
Unidentified assailants killed at least 43 people in raids
on villages in northern Burkina Faso on Sunday, in one of
the deadliest such attacks of the past year, the government
said.
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