Gold prices rise from 2-wk low with focus on Russia-Ukraine, Jackson Hole
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 steadied from early losses on Monday as
investors placed their hopes on a coordinated global
monetary policy response to weather the damaging economic
impact of the coronavirus epidemic. MKTS/GLOB
WORLD OIL PRICES
Oil prices pared losses after earlier hitting multi-year
lows on Monday as hopes that a bigger than expected
production cut from OPEC and stimulus from central banks
could offset economic gloom from the coronavirus
outbreak. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South African rand closed at its weakest level in 18 months
on Friday, extending its slump throughout the day as stocks
also crashed amid deepening worries about coronavirus that
sent global financial markets into a tailspin. HEALTH/CHINA
Nigerian authorities have contacted around 100 people who
may have been exposed to an Italian man who is the country's
first coronavirus patient, a Lagos state official said on
Sunday, in a bid to stop an outbreak in Africa's most
populous country. MARKETS
The Kenyan shilling KES= was stable on Friday supported by
inflows from diaspora remittances and offshore investors
buying government debt amid waning end month dollar demand,
traders said. DEBT
Somalia's 2-million strong diaspora has a huge role to play
as the Horn of Africa country rebuilds its economy and
resets ties with major international institutions after
three decades as a "failed state," Somalia's finance
minister said. HEALTH
The United States will give Zambia a new one year bilateral
grant of $389 million for AIDS relief starting in October
after Congressional approval, Zambia's ministry of health
said in a statement. AGRICULTURE
Zambia's African Green Resources (AGR) on Sunday launched an
$81 million financing programme under which the company and
its partners will provide farm supplies and technology to
farmers in exchange for grain. HEALTH/CHINA
Angola will prohibit the entry of citizens from China, South
Korea, Italy, Iran, Nigeria, Egypt and Algeria, if they
travel directly from those countries, as a precaution
against the coronavirus, official news agency ANGOP reported
on Sunday. FRANCE
Cameroon President Paul Biya agreed on Sunday with his
French counterpart, Emmanuel Macron, that an impartial probe
was needed after gunmen killed 22 people in a village at the
heart of a separatist insurgency last month, the French
presidency said. the latest precious metals report click on GOL/
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