Tonix Pharmaceuticals stock halted ahead of FDA approval news
July 15 (Reuters) - 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
Asian shares jumped on Wednesday as optimism about a
coronavirus vaccine bolstered risk appetite while the euro
rose to a four-month top on the prospect of stimulus ahead
of a crucial EU summit. MKTS/GLOB WORLD OIL PRICES
Oil prices rose on Wednesday following a sharp drop in U.S.
crude inventories, with the market waiting for next steps
from a meeting later in the day on the future level of
output cuts by OPEC and its allies.
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SOUTH AFRICA MARKETS
South Africa's rand edged firmer on Tuesday, clinging on to
recent gains as investors continued to see value in holding
the high-yielding currency despite signs of a creaking
economy and climbing COVID-19.
KENYA MARKETS
The Kenyan shilling KES= lost ground on Tuesday due to
dollar demand from players in the energy sector and
importers of merchandise, traders said. NIGERIA LABOUR
The Nigerian National Petroleum Corporation (NNPC) has fired
850 workers, many of them from refineries, amidst the
coronavirus pandemic, an oil union said on Tuesday.
BOTSWANA WEALTH FUND
The Bank of Botswana will seek legislation to limit access
to its sovereign wealth fund, a central bank official said
on Tuesday, as it seeks to stem a steady fall in the fund's
reserves often tapped to meet budget deficits. ZIMBABWE INFLATION
Zimbabwe's inflation was at 737.26% year-on-year in June
compared to 785.55% the previous month, as prices of basic
goods continue to rise beyond the reach of most citizens,
Zimstat, a state statistics body, said on Tuesday.
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