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African Markets - Factors to watch on March 23

Published 23/03/2020, 05:36
Updated 23/03/2020, 05:42
© Reuters.
US Dollar Kenyan Shilling
0.16%

NAIROBI, March 23 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Monday.
- - - - -


GLOBAL MARKETS
Asian shares sank on Monday as a rising tide of national
lockdowns threatened to overwhelm policymakers' frantic
efforts to cushion what is likely to be a deep global
recession. MKTS/GLOB

WORLD OIL PRICES
Oil prices fell on Monday as governments escalated lockdowns
to curb the spread of the global coronavirus outbreak that
has slashed the demand outlook for oil and threatened a
global economic contraction. L1N2BF0EU 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 central bank announced a raft of emergency
liquidity measures on Friday to ease the stress on banks
caused by the coronavirus outbreak, while the stock exchange
regulator may take its own steps as surging volatility tests
financial stability. NIGERIA MARKETS
The Nigerian central bank devalued the official currency
rate by 15% on Friday, in a move to converge a multiple
exchange rate regime which it has used to manage pressure on
the naira, traders said. MARKETS
Kenya's central bank sold an undisclosed amount of dollars
in the foreign exchange market late on Friday after the
shilling KES= weakened a to a near record low, traders
said. N6N1UJ003

AFRICA CORONAVIRUS
A first planeload of protective and medical equipment
donated to Africa by Chinese billionaire and Alibaba
co-founder Jack Ma to help it fight the coronavirus arrived
in the Ethiopian capital Addis Ababa on Sunday. L8N2BF0H2

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