Tonix Pharmaceuticals stock halted ahead of FDA approval news
NAIROBI, July 27 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Monday.
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GLOBAL MARKETS
Gold hit an all-time high on Monday as tit-for-tat consulate
closures in China and the United States rattled investors,
boosting the allure of safe haven assets, although sentiment
was mixed with tech gains supporting some Asian
stocks. MKTS/GLOB
WORLD OIL PRICES
Oil prices edged lower on Monday as rising coronavirus cases
and tensions between the United States and China pushed
investors toward safe-haven assets. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand hit its weakest level in more than a week
on Friday after the central bank cut interest rates on
Thursday and signalled it may have reached the end of its
easing cycle, and as relations between the United States and
China worsened. MARKETS
Nigerian stocks climbed to a three-week high on Thursday
lifted by gains in its biggest listed firm Dangote Cement,
which announced a share buyback this year. MARKETS
The Kenyan shilling KES= regained ground on Friday due to
receding dollar demand from the energy sector which had pushed
the shilling to an all time record low during previous
sessions, traders said. AFRICA ECONOMIES
Sub-Saharan Africa's economy will contract this year after
shutdowns disrupted activity and as daily cases of coronavirus
are still rising in the region but a recovery is expected next
year, a Reuters poll found on Friday. TELECOMS
The sale of a 20% equity stake in MTN Uganda, the country's
biggest telecoms operator, will be restricted to citizens of
the East African Community trading bloc, a spokesman for the
sector regulator said on Friday. POLITICS
Somalia's parliament ousted Prime Minister Hassan Ali Khaire
in a no-confidence vote on Saturday, as a simmering power
struggle between him and the president came to the
fore. CENTRAL BANK
Eswatini's central bank has cut its policy rate by 25 basis
points to 3.75%, it said in a statement on Saturday, the
latest of several cuts meant to counter a coronavirus-linked
downturn. the latest precious metals report click on GOL/
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