Tonix Pharmaceuticals stock halted ahead of FDA approval news
The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Friday.
- - - - -
GLOBAL MARKETS
Asian stocks were set to gain on Friday, as global sentiment
remained doggedly upbeat despite increased volatility and
rising new coronavirus infections, with Wall Street pushed
higher by a loosening in bank regulations. MKTS/GLOB
WORLD OIL PRICES
Oil prices rose on Friday, extending gains from the previous
day on optimism about recovering fuel demand worldwide,
despite a surge in coronavirus infections in some U.S.
states and indications of a revival in U.S. crude
production. O/R
EMERGING MARKETS
For the top emerging markets news, double click on
STOCKS
For the latest news on African stocks, click on .J
SOUTH AFRICA MARKETS
South Africa's rand recovered in afternoon trade on Thursday
after sliding earlier following a budget speech that
forecast ballooning debt and a higher government
deficit. MARKETS
The Kenyan shilling KES= traded steady on Thursday with
inflows from horticulture exports and remittances offering
support against end month dollar demand from merchandise
importers, traders said. CENTRAL BANK
Kenya's central bank held its fire on interest rates for the
second time in two months on Thursday, saying the easing
measures it had adopted since the onset of the coronavirus
crisis in March were working. CENTRAL BANK
Nigeria's central bank will strive to increase its foreign
reserves to safeguard the value of the naira currency and
has put in place measures to curb speculation, it said on
Thursday. ELECTION
Malawi opposition leader Lazarus Chakwera has what appears
to be an unassailable lead in a presidential election
re-run, with 60% of the vote, according to a tally by state
broadcaster MBC on Thursday. REPUBLIC OF CONGO EBOLA
The second-largest Ebola outbreak on record is over after
nearly two years and more than 2,200 deaths, Democratic
Republic of Congo said on Thursday, even as a separate
flare-up of the virus continued on the other side of the
country. ECONOMY
Ghana's central bank governor, Ernest Kwamina Addison, said
on Thursday that Ghana needed to raise more domestic revenue
to tackle a ballooning budget deficit that could exceed 7%
of GDP this year as growth shrivels due to the coronavirus
crisis. 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