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NAIROBI, May 1 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Friday.
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GLOBAL MARKETS
Japanese shares retreated on Friday from a near eight-week peak
hit in the previous session, tracking Wall Street's overnight
losses on profit-taking, with chipmaking-related companies
dropping the most. MKTS/GLOB
WORLD OIL PRICES
Oil prices rose on Friday, extending the previous session's
gains, as major producers began output cuts to offset a slump in
fuel demand triggered by the coronavirus pandemic while data
showed U.S. crude inventories grew less than
expected. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand weakened on Thursday as a global asset price
rally evaporated, with investors bracing for more bad news after
dismal economic releases around the world signalled coming pain
for developed and emerging economies. MARKETS
Nigerian funds are switching back to equities from fixed-income
securities, hoping for a stock market rebound later this year
after a coronavirus-induced rout in oil prices prompted foreign
investors to sell-off their holdings, market players
said. MARKETS
The Kenyan shilling KES= was weaker on Thursday as oil and
merchandise importers bought dollars to meet their end-month
obligations amid thin inflows, traders said. ECONOMY
Kenya's economy is expected to rebound next year, while its
current account deficit will narrow slightly, the central bank
governor said on Thursday, a day after the regulator cut its
benchmark lending rate for the second time in a
month. HEALTH
The World Health Organization is worried by the community spread
of the new coronavirus in a significant number of West African
countries, the regional head of the organization said on
Thursday. ECONOMY
Namibia will start to ease nationwide restrictions on movement
from next Tuesday, allowing economic activity under strict
monitoring, President Hage Geingob said on Thursday. the latest precious metals report click on GOL/
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