Tonix Pharmaceuticals stock halted ahead of FDA approval news
NAIROBI, Aug 5 - The following company announcements, scheduled economic indicators, debt
and currency market moves and political events may affect African markets on Wednesday.
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GLOBAL MARKETS
Gold scaled a new high on Wednesday as a weaker dollar
and falling bond yields burnished its safe-haven appeal,
while shares were mostly lower as investors baulked at the
ballooning cost of the coronavirus pandemic. OIL PRICES
Oil prices fell for the first time in four days on
Wednesday, pulling back from as much as five-month highs as
mounting coronavirus cases worldwide and in the United
States undercut market confidence in a pickup in fuel
demand. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand slipped to its weakest in two months
on Tuesday, in a risk-averse mood amid fears over the pace
of economic recovery as coronavirus cases surge. KENYA MARKETS
The Kenyan shilling KES= was broadly stable on
Tuesday, and traders said it was forecast to ease in the
coming days due to dollar demand from oil
importers. L8N2F62MH
CONGO VAT
Democratic Republic of Congo is suspending the
value-added tax (VAT) exemption on imports by mining
companies in an effort to bolster state revenue, the budget
minister said. ARRESTS
A prize-winning Zimbabwean novelist and filmmaker
arrested at recent protests accused President Emmerson
Mnangagwa's government on Tuesday of holding its people in a
repressive "chokehold" as they endured an economic
emergency. the latest precious metals report click on GOL/
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