Tonix Pharmaceuticals stock halted ahead of FDA approval news
NAIROBI, Aug 6 - The following company announcements, scheduled economic indicators, debt
and currency market moves and political events may affect African markets on Thursday.
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GLOBAL MARKETS
The dollar languished and just about everything else
rose on Thursday, as markets took patchy U.S. economic data
as a harbinger of ever more stimulus and brinkmanship on
Capitol Hill as a sign that a deal on a new U.S. stimulus
package is close. OIL PRICES
Oil prices were mostly flat on Thursday, as a boost from
lower-than-expected U.S. crude stocks that lifted the market
to five-month highs in the previous session gave way to fuel
demand concerns amid rising coronavirus
infections. O/R
EMERGING MARKETS
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STOCKS
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SOUTH AFRICA MARKETS
South Africa's rand recovered on Wednesday from a
two-month low set the previous session, thanks to a weaker
dollar, while stocks jumped to a more than five-week high
led by gold miners. AFRICA ECONOMY
South Africa's economic downturn extended into last
month, though businesses still reeling from the impact of
the COVID-19 pandemic reported slightly less steep in output
and new orders, a survey showed on Wednesday. MARKETS
The Kenyan shilling KES= traded largely unchanged on
Wednesday, and traders said they expected it to weaken due
to dollar demand, especially from oil companies. L8N2F72CF
KENYA TELCOM
Telkom Kenya said on Wednesday it was no longer looking
to merge its business with the Kenyan unit of India's Bharti
Airtel BRTI.NS, citing challenges of securing the required
regulatory approvals for the deal. SANCTIONS
The United States on Wednesday imposed sanctions on
Zimbabwean Kudakwashe Tagwirei, an adviser to President
Emmerson Mnangagwa, accusing the prominent businessman of
being corrupt and helping support the government of
Zimbabwe. COVID-19
Gambia, mainland Africa's smallest country, imposed a
three-week curfew on Wednesday after coronavirus cases
surged over 60% in the last seven days to nearly
800. PRICE
Transport delays from South Africa against a backdrop of
increasingly robust Chinese demand have fuelled a price
rally for cobalt hydroxide, used to make chemicals for
electric vehicle batteries. the latest precious metals report click on GOL/
For the latest base metals report click on MET/L
For the latest crude oil report click on O/L