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 climbed on Thursday and bonds extended their
blistering rally as investors wagered the likely prospect of
U.S. policy gridlock would greatly favour some industries
while putting a restraining hand on government
borrowing. MKTS/GLOB
WORLD OIL PRICES
U.S. oil prices dropped on Thursday as the dollar
strengthened on growing expectations Democrat Joe Biden
would win the U.S. presidential election but the Republicans
would retain Senate control, holding back any huge COVID-19
relief package. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
The South African rand recovered against the U.S. dollar on
Wednesday afternoon, as global markets whipsawed amid a far
closer U.S. presidential election than polls had
predicted. PROTESTS
Nigerian immigration officials blocked a prominent
anti-police brutality activist from leaving the country and
confiscated her passport, she told Reuters on
Wednesday. MARKETS
The Kenyan shilling KES= was stable against the dollar on
Wednesday and it was expected to remain in that position, as
the supply of dollars matched the demand, traders
said. CORONAVIRUS
Kenya's President Uhuru Kenyatta has extended the country's
nightly curfew to Jan. 3 as part of measures to contain the
spread of COVID-19 after numbers surged in
October. CONFLICT
Heavy fighting flared in Ethiopia's northern Tigray region
on Wednesday, diplomatic sources said, after the prime
minister launched military operations in response to what he
said was an attack on federal troops. MARKETS
The Ugandan shilling UGX= was flat on Wednesday with
subdued dollar demand from both commercial banks and
importers. MAURITIUS ENVIRONMENT
The clean-up of a massive oil spill in August from a vessel
off Mauritius will likely be mostly completed by January,
the bulk carrier's owner, Japan's Nagashiki Shipping, said
on Thursday. COAST GUINEA
Ivory Coast opposition leaders refused to disband their
breakaway government on Wednesday despite being put under
effective house arrest following a disputed presidential
election. BUDGET
The Democratic Republic of Congo's government has proposed
to parliament a budget of 14.2 trillion Congolese francs
($6.9 billion) for 2021, a 23.2% decrease compared with the
previous year, a draft document seen by Reuters showed on
Wednesday. ANGOLA
Total TOTF.PA is seeking to sell stakes in a number of
Angolan oilfields, in what is seen as an early sign of an
expected wave of divestments by big energy companies from
the West African country, industry sources said. For the latest precious metals report click on GOL/
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