The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Wednesday.
- - - - -
EVENTS:
*Burundi holds presidential and parliamentary elections, the
first competitive vote since a civil war broke out there in
1993.
*KENYA - KCB Group KCB.NR to release its first quarter
2020 earnings results.
GLOBAL MARKETS
Asian stocks struggled to extend the week's rally on
Wednesday and gold and bonds firmed as a skeptical press
report dented some hopes for a COVID-19 vaccine and concerns
about bumps in the global recovery from the pandemic
returned. MKTS/GLOB
WORLD OIL PRICES
Oil prices rose on Wednesday amid signs of improving demand
and a drawdown in U.S. crude inventories but worries over
the economic fallout from the coronavirus pandemic capped
gains. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand extended a rally from the previous
session on Tuesday, spurred by optimism about prospects for
a COVID-19 vaccine and the re-opening of economies around
the world. LAFARGE CEMENT
Lafarge Africa WAPCO.LG will freeze capital expenditure
this year, Chief Executive Khaled El Dokani said on Tuesday
after the cement company forecast a drop in second-quarter
sales as the coronavirus pandemic hits demand. KENYA MARKETS
The Kenyan shilling KES= gained ground on Tuesday, helped
by tight liquidity and an increase in foreign currency
reserves held by the central bank, traders said. POLITICS
Lesotho's Prime Minister Thomas Thabane bowed to pressure to
resign on Tuesday, three months after police named him and
his current wife as suspects in the murder of his former
wife in a case that has transfixed the southern African
nation. POLITICS
Burundi holds on Wednesday its first competitive
presidential election since a civil war erupted in 1993,
despite simmering political violence and the new coronavirus
pandemic. the latest precious metals report click on GOL/
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