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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Stock markets in China and Japan rose on Monday after
Beijing’s latest stimulus to shore up the world’s
second-largest economy underpinned sentiment and helped
limit losses across the rest of Asia.
WORLD OIL PRICES
Oil prices rose on Monday, extending last week’s gains as a
drop in the number of U.S. rigs drilling for crude pointed
to lower supply later in the year, while China’s latest
stimulus measure also underpinned the market.
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SOUTH AFRICA MARKETS
South Africa’s rand fell to a one-week low against the
dollar on Friday as the greenback was bolstered by U.S.
inflation data that raised hopes of a rate hike, while local
power cuts and anti-immigrant unrest hit sentiment.
The weighted average yield on Mauritius’ 364-day Treasury
bill fell to 1.57 percent at auction on Friday from 1.95
percent at the previous sale on March 20, the central bank
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