NAIROBI, May 4 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Monday.
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GLOBAL MARKETS
The dollar inched higher, stock markets struggled for traction
and oil fell on Monday as a U.S.-China spat over the origin of
the coronavirus put the brakes on optimism about an economic
re-start as countries around the world ease
restrictions. MKTS/GLOB
WORLD OIL PRICES
Oil prices fell in early trade on Monday, paring last week's
gains, on worries the global oil glut may persist as U.S.-China
trade tension could hold back an economic recovery even as
coronavirus pandemic lockdowns start to ease. 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. FUNDS
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. CORONAVIRUS
Zimbabwe's President Emmerson Mnangagwa extended a nationwide
lockdown to fight the new coronavirus by two more weeks and
announced a $720 million stimulus package for distressed
companies, most which will be allowed to reopen on
Monday. TRADE
A blockbuster African trade deal is unlikely to be implemented
before early next year, an official said on Friday, after the
disruption caused by the new coronavirus made the current July 1
deadline unworkable. MINING
Glencore 's GLEN.L Zambian subsidiary Mopani Copper Mines (MCM)
will resume mining for 90 days, but still expects to go ahead
with its initial plan to place operations on hold, the local
firm said on Sunday. the latest precious metals report click on GOL/
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