Gold prices edge higher with focus on Ukraine-Russia, Jackson Hole
NAIROBI, May 5 (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 stocks rose on Tuesday, tracking a late Wall Street rally
as governments eased coronavirus lockdowns while oil extended
gains on expectations fuel demand would begin to pick
up. MKTS/GLOB
WORLD OIL PRICES
Oil prices climbed in early trade on Tuesday, adding to gains in
the previous session, on expectations that fuel demand will
begin to pick up as some U.S. states and nations in Europe and
Asia start to ease coronavirus lockdown
measures. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand firmed against the U.S. dollar on Monday,
staging a technical rebound after a selloff in the previous
session due to thin liquidity, while stocks closed
lower. MARKETS
The Kenyan shilling KES= was stable on Monday, supported by
foreign currency inflows from diaspora remittances and
non-governmental organizations amid waning dollar demand from
merchandise importers, traders said. LOCKDOWN
Nigeria began easing restrictions on Monday in its capital Abuja
and in largest city Lagos, heralding the reopening of Africa's
biggest economy after more than four weeks of lockdowns imposed
to contain the new coronavirus. SUDAN GOLD
Sudan, Africa's third biggest gold producer, is setting up a
bourse for the precious metal and will standardize the price in
accordance with the global rate, Sudanese Prime Minister Abdalla
Hamdok said in a statement on Monday. DEBT
The Institute of International Finance (IIF), a trade
association comprising the world's largest financial
institutions, has outlined obstacles to the private sector
joining a plan to ease the debt of the world's poorest
nations. GUINEA OIL
Equatorial Guinea has granted oil and gas companies two-year
extensions on their exploration programmes, a statement from the
hydrocarbons minister said. CAMEROON CORONAVIRUS
The board of the International Monetary Fund (IMF) on Monday
approved a disbursement for Cameroon of around $226 million to
help the central African nation meet urgent balance of payments
needs stemming from the COVID-19 pandemic. the latest precious metals report click on GOL/
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