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
Asian equities eased from a record high on Thursday as
stalled U.S. stimulus talks and a sell-off in tech stocks
weighed, while sterling traders sat on a knife's edge as
last-ditch Brexit negotiations yielded only an agreement to
keep talking. MKTS/GLOB
WORLD OIL PRICES
Oil prices rose on Thursday, buoyed by a COVID-19 vaccine
rollout in Britain and the imminent approval of a vaccine in
the United States that could spur a rebound in fuel demand,
despite a large build in U.S. crude stocks last
week. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand clung to its recent gains on Wednesday,
inching firmer as global risk demand and
better-than-expected local economic data lifted demand for
the unit. ENI SHELL
Shell's RDSa.L former international upstream head Malcolm
Brinded had no reason to think that the awarding of the
OPL-245 oilfield license in Nigeria was illegal, his lawyer
said on Wednesday. MARKETS
The Kenyan shilling KES= was stable on Wednesday as supply
matched demand for dollars were evenly balanced, traders
said. CORONAVIRUS
Kenyan doctors on Wednesday decried the death of a
28-year-old physician from COVID-19 as the latest example of
dangerous and unjust working conditions in government
hospitals. ELECTION
Ghana's President Nana Akufo-Addo has won a second four-year
term in office, the election commission said on Wednesday,
following a tightly contested vote that was tainted by
violence in which five people died. ETHIOPIA CONFLICT
Ethiopia's prime minister shifted focus away from war on
Wednesday, opening a cross-border highway to Kenya at the
opposite end of his country, while the United Nations voiced
alarm at continuing fighting in the northern Tigray
region. MARKETS
The Ugandan shilling UGX= traded flat on Wednesday amid
thin activity on both demand and supply sides. DEBT
The International Monetary Fund said on Wednesday that it
will assess a possible support programme for debt-strained
Zambia in the coming weeks. BANKS
The amount of bad loans on the books of African banks is set
to potentially double heading into next year, ratings firm
Moody's warned on Wednesday. For 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