Tonix Pharmaceuticals stock halted ahead of FDA approval news
July 16 (Reuters) - 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 shares and U.S. stock futures fell on Thursday,
weighed down by concern about deteriorating U.S.-China
relations and the economic cost of a resurgence in
coronavirus infections that is prompting some places to
reimpose containment measures. MKTS/GLOB WORLD OIL PRICES
Oil prices slid on Thursday after OPEC and allies such as
Russia agreed to ease record supply curbs from August,
though the drop was cushioned by hopes for a swift U.S.
demand pick-up after a bigger-than-expected drawdown from
the country's crude stocks. O/R EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand raced to a new one-month best on
Wednesday in a broad rally by risk assets spurred by
progress towards a COVID-19 vaccine. KENYA MARKETS
The Kenyan shilling KES= was under slight pressure on
Wednesday as a surge in demand from oil and merchandise
importers weighed against scarce hard currency inflows,
traders said. ETHIOPIA DIPLOMACY
The reservoir behind the Grand Ethiopian Renaissance Dam is
filling, its water minister said on Wednesday, a day after
talks with Sudan and Egypt on the giant Blue Nile
hydroelectric project stalled.
ZAMBIA ECONOMY
Zambia expects its gross domestic product to shrink by
around 4.2% in 2020, more than the 2.6% contraction forecast
by the central bank in May, finance minister Bwalya Ng'andu
said on Wednesday.
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