NAIROBI, May 26 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Tuesday.
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GLOBAL MARKETS
Asian shares forged ahead on Tuesday while U.S. stock futures
challenged a major chart barrier as investors looked past
Sino-U.S. trade tensions to more stimulus in China and a
re-opening world economy. MKTS/GLOB
WORLD OIL PRICES
Oil prices rose on Tuesday on clear signs that producers are
sticking to commitments to cut crude supply as more cars get
back on the road with coronavirus lockdowns easing around the
world. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand slipped against the dollar on Monday as
tension between the United States and China over civil
liberties in Hong Kong dented appetite for riskier assets.
NIGERIA ECONOMY
Nigeria's economy grew 1.87% in the first three months of 2020
from a year earlier, the statistics office said on Monday,
shrinking from the previous quarter as oil prices and
international trade fell due to the coronavirus pandemic.
TANZANIA MINING
Barrick's ABX.TO Tanzania subsidiary Twiga Minerals has
resumed exports of gold concentrate after receiving clearance
for its first shipments since the lifting of a government ban
imposed during a tax dispute with the mining company.
BURUNDI ELECTIONS
Burundi's ruling party candidate, retired general Evariste
Ndayishimiye, has won the presidential election with 69% of
votes cast, the electoral commission said on Monday, after
accusations of rigging by the leading opposition challenger.
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