Tonix Pharmaceuticals stock halted ahead of FDA approval news
July 8 (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 stocks dithered on Wednesday as an increase in new
coronavirus cases in some parts of the world cast doubts
over the economic recovery while oil prices eased on
oversupply fears. MKTS/GLOB
WORLD OIL PRICES
Oil prices dipped on Wednesday after industry data showing a
build in U.S. crude stockpiles added to worries about
oversupply, but hopes for a swift economic recovery in China
limited losses. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand weakened on Tuesday as worries over
surges in coronavirus infections reactivated investor
concerns about the economic impact of the
pandemic. MARKETS
Nigeria's naira eased 5.5% on the official market on
Tuesday, after the central bank sold dollars to lenders at a
lower rate, bowing to pressure from international lenders to
unify its multiple exchange rates. MARKETS
The Kenyan shilling KES= was stable on Tuesday supported
by inflows from horticulture exports amid subdued dollar
demand from merchandise importers, traders said. ECONOMY
Africa is expected to partially rebound next year from a
pandemic-induced economic slump, but it could still lose
nearly a quarter of a trillion dollars in economic output in
2020 and 2021, the African Development Bank (AfDB) said on
Tuesday. OIL
Angola has agreed with OPEC to comply fully with a global
pact on supply curbs and will compensate for previous
overproduction by cutting more from July to September, two
OPEC sources said. SOUTH SUDAN RATES
South Sudan's central bank said it cut its benchmark
interest rate to 10% from 13%, as part of efforts to
mitigate the effects of the coronavirus outbreak on the
economy. DEBT
Zimbabwe should implement sustainable political and economic
reforms and successfully complete an IMF monitoring
programme in order to normalise ties with international
lenders, the Paris Club of creditor nations said in a letter
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