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Africa, Forex

African Markets – Factors to watch on May 4

NAIROBI, May 4 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. – – – – – GLOBAL MARKETS Asian share markets advanced marginally on Tuesday as investors looked to signs of recovery from the coronavirus pandemic as major economies around the world reopen. WORLD OIL PRICES Oil prices extended gains on Tuesday as more U.S. states eased lockdowns and the European Union sought to attract travellers, helping to offset concerns over fuel demand in India as COVID-19 cases soar. EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on African stocks, click on SOUTH AFRICA MARKETS The South African rand gained on Monday, helped by the U.S. dollar falling as Treasury yields retreated and economic data disappointed. KENYA MARKETS The Kenyan shilling was gained ground on Monday, helped by muted dollar demand from importers and inflows from exports and remittances, traders said. TANZANIA CORONAVIRUS Tanzania on Monday announced new anti-coronavirus measures, saying it wanted to prevent the importation of new variants, highlighting new President Samia Suluhu Hassan’s more active efforts to contain the pandemic. CONGO SECURITY Congo will replace civilian authorities with military administrations in two conflict-hit provinces for a month, the government said on Monday, announcing the details of a state of siege to address worsening bloodshed in the east. NIGERIA SECURITY More than a dozen people, including seven soldiers, were killed by Islamist militants in an attack in northeast Nigeria, four sources told Reuters. IVORY COAST COCOA Below average rainfall mixed with long sunny spells last week in most of Ivory Coast’s cocoa growing regions could hurt bean quality for the April-to-September mid-crop, farmers said on Monday. BURKINA FASO SECURITY Armed assailants killed around 30 people in an attack on a village in eastern Burkina Faso on Monday, four security sources said. For the latest precious metals report click on For the latest base metals report click on For the latest crude oil report click on


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