The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Tuesday.
- - - - -
GLOBAL MARKETS
Global shares and oil prices extended their rebound on
Tuesday on mounting speculation policymakers around the
world would move to ease the economic fallout from the
spreading coronavirus. MKTS/GLOB
WORLD OIL PRICES
Oil prices rose for a second day on Tuesday on expectations
that central banks are likely to enact financial stimulus to
offset the impacts of the coronavirus outbreak and growing
optimism that OPEC will order deeper output cuts 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 strengthened on Monday as central banks
abroad signalled a willingness to shield their economies
against the coronavirus, though the currency was restrained
by anticipation of another batch of grim local
data. SECURITY
An armed gang killed at least 50 people in attacks on
villages in the northern Nigerian state of Kaduna on Sunday,
Kaduna's governor said on Monday on a visit to the affected
communities. OIL
Nigerian oil firm Lekoil said on Monday that an audit into
the $184 million loan scam uncovered "no evidence of
complicity" from any of its company directors or
employees. EXPLORATION
Somalia has agreed an initial roadmap with a Shell/Exxon
RDSa.L , XOM.N joint venture to explore and develop
potential offshore oil and gas reserves, the Ministry of
Petroleum and Mineral Resources said on Monday. SOMALIA SECURITY
Fighting erupted in south Somalia on Monday between the
national army and regional forces, amid deepening divisions
that help Islamist insurgents and may exacerbate regional
frictions. MARKETS
The Kenyan shilling KES= was broadly stable on Monday as
hard currency inflows from non-governmental organizations
and offshore investors buying government debt helped provide
support, traders said. MARKETS
The Ugandan shilling UGX= traded unchanged on Monday as a
recent spike in importer appetite for hard currency
weakened. COAST COCOA
Below-average rainfall mixed with heat in Ivory Coast's
central cocoa-growing regions last week raised concerns over
the mid-crop outlook, though there was sufficient moisture
in other regions, farmers said on Monday. CORONAVIRUS/HEALTH
Senegal's health minister on Monday announced the first case
of coronavirus in the country, the second case in
sub-Saharan Africa after one was confirmed in Nigeria last
week. 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