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.
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GLOBAL MARKETS
Asian equities posted a mild bounce on Friday from
three-week lows hit the previous day, with persistent
worries over the status of trade negotiations between China
and the United States limiting the
gains. MKTS/GLOB
WORLD OIL PRICES
Oil prices pulled back from their highest levels in nearly
two months on Friday amid continued overtainty over whether
the United States and China will be able to reach a partial
trade deal that would lift some pressure on the global
economy. O/R
EMERGING MARKETS
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STOCKS
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SOUTH AFRICA MARKETS
South Africa's rand firmed on Thursday, supported by a
weaker dollar and the central bank's decision to keep the
repo rate unchanged, while stocks edged lower. OIL/SAVINGS
Nigeria's excess crude account stood at $324.54 million as
of November 20, the accountant general said on
Thursday. MARKETS
The Kenyan shilling KES= surged against the dollar on
Thursday with inflows from offshore investors buying stocks
and government debt exceeding dollar demand from merchandise
importers, traders said. POLITICS
Ethiopia's ruling coalition on Thursday approved the merger
of three of its four ethnic-based parties into a single
national one ahead of the 2020 elections, part of the prime
minister's efforts to unite the country, but one of the
parties boycotted the meeting and vote. MARKETS
The Ugandan shilling UGX= traded unchanged on Thursday
amid lacklustre activity on both counters and traders said
they expected it to remain broadly stable on the back of
thin importer appetite for hard currency. GRAINS
Zimbabwe has removed import controls on maize and wheat
flour following a severe drought that cut supplies, a
cabinet minister said on Thursday. BISSAU ELECTION
After weeks of political turmoil including violent protests,
an alleged coup attempt and the emergence of two competing
prime ministers, Guinea-Bissau is holding a presidential
election on Sunday that many hope will usher in a semblance
of calm. GAS
Major gas discoveries offshore Senegal will enable the West
African nation to switch its coal and oil-fired power plants
to gas generation in the coming years, Petroleum and Energy
Minister Mouhamadou Makhtar Cisse said on
Thursday. CURRENCIES
Kenyan and Tanzanian currencies are expected to strengthen
in the coming week as Uganda's remains stable and Zambia's
weakens. the latest precious metals report click on GOL/
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