Intel stock spikes after report of possible US government stake
NAIROBI, Nov 12 (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 rose toward a more than two-year peak on Thursday,
buoyed by sustained global stimulus efforts and hopes of a
coronavirus vaccine, but some analysts warned of the risk of a
correction lower. MKTS/GLOB
WORLD OIL PRICES
Oil prices rose in early trade on Thursday, taking the week's
gains to more than 12% on growing hopes that the world's major
producers will hold off on a planned supply increase as soaring
cases of COVID-19 dent fuel demand.
O/R
EMERGING MARKETS
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KENYA MARKETS
The Kenyan shilling KES= weakened on Wednesday due to dollar
demand from importers in sectors such as energy, traders said.
KENYA EQUITIES
Kenya's KCB Group said on Wednesday its pretax profit for the
first nine months of this year plummeted by more than a third,
as the COVID-19 pandemic led the bank to boost its provisions
for bad loans.
SOUTH AFRICA MARKETS
South Africa's rand retreated against a stronger dollar on
Wednesday as optimism around a potential COVID-19 vaccine waned
and investors awaited an address by President Cyril Ramaphosa on
developments in the country's COVID-19 response.
ETHIOPIA WAR
Ethiopian refugees were flooding into Sudan on Wednesday as
Prime Minister Abiy Ahmed's federal troops battled well-armed
local forces in Tigray and protests against the northern
region's leaders were planned elsewhere.
NIGERIA EQUITIES
Nigerian stocks climbed to a more than two-year high on
Wednesday as domestic funds bought shares across sectors and
global oil prices rose on hopes of an effective COVID-19 vaccine
IVORY COAST POLITICS
Ivory Coast President Alassane Ouattara and a main opposition
leader promised on Wednesday to press ahead with talks to
resolve a bitter standoff over the Oct. 31 election that has
sparked clashes killing 85 people.
ZAMBIA DEBT
Holders of Zambia's dollar-denominated bonds must accept steep
write-downs to allow the copper producer, which is set to see
Africa's first pandemic-era sovereign default, regain its
footing, a leading debt relief campaigner said on Wednesday.
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