#Africa #Markets | 23 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

 Global Markets

  • Asia stocks rise as end to US govt shutdown buoys Wall St, dollar steady
  • MSCI Asia-Pacific index up 0.2 pct, Nikkei adds 0.45 pct
  • Wall St rises to new record highs after US govt shutdown ends
  • Dollar wavers, lift from end to US govt shutdown short-lived
  • Some focus on BOJ decision and Kuroda’s policy views

Oil Markets

  • Oil rises on economic growth, OPEC/Russian supply curbs
  • Spot Brent crude futures at $69.33 a barrel (0148GMT), up 0.4 pct
  • US WTI crude futures at $63.90, up 0.5 pct

Precious metals

  • Gold steady on weak dollar
  • Spot gold little changed at $1,334.36 an ounce (0111GMT)
  • US gold futures up 0.2 pct at $1,333.90

Grains

  • Soybeans snap winning streak, still hover near 5-week high
  • Most active CBOT soybean futures down 0.1 pct at $9.83-1/2 a bushel (0152GMT)
  • Most active corn futures skid 0.3 pct to $3.51 a bushel
  • Most active wheat futures slipped 0.4 pct to $4.24 a bushel

Soft commodities (22 Jan)

  • Raw sugar turns lower, New York cocoa buoyed by firm sterling
  • March raw sugar settled down 0.6 pct to 13.17 cents per lb
  • March white sugar settled down 0.2 pct at $352.90 per tonne
  • March New York cocoa settled up 0.4 pct at $1,938 per tonne
  • March London cocoa settled down 0.7 pct at £1,370 per tonne
  • March arabica coffee settled up 1.1 pct at $1.2255 per lb
  • March robusta coffee settled up 0.6 pct at $1,767 per tonne

Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]

  • World Economic Forum starts in Davos [South Africa’s Ramaphosa to be watched]
  • African Union summit continues [Started 22 Jan, key event 28-29 Jan]

Key African events or data releases yesterday
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]

  • Morocco’s king appoints 5 new ministers
  • Weah sworn in as Liberia president, vows to end corruption
  • Egypt dismisses report US has banned cargo transport from Cairo airport
  • Gambia arrests top Jammeh generals after they return from exile
  • South Africa’s Eskom looks to borrow $1.7 bln to ease financial crisis
  • Nigeria’s Oando and key shareholder settle longrunning dispute
  • Sudanese authorities release Reuters, AFP journalists
  • South Africa’s ANC says deciding whether to remove Zuma as president
  • Egypt’s former supply minister cleared in wheat buying scandal
  • Dutch court decision on South Africa’s Steinhoff probe delayed again
  • Kenya’s Nakumatt Supermarkets goes into administration
  • South African markets strengthen on prospects of a Zuma exit
  • Weekend clashes during Ethiopia religious festival leave 7 dead
  • Kenya central bank holds main lending rate at 10 pct
  • IMF cuts South Africa’s growth forecast for next two years
  • Kenya pledges to try to live within its means after criticism
  • Algeria’s energy earnings up 16.5 pct in 2017 – customs
  • Ghana central bank keeps policy rate unchanged at 20 pct
  • Botswana to spend $495 mln to extend power grid to northwest
  • Kenya fiscal deficit to fall to 6 pct of GDP in 2018/19 fiscal year
  • South Africa’s Eskom Eurobond up 1.4 cent as new board appointed
  • South Africa bourse may suspend trade in Steinhoff bonds over results delay
  • Offshore investors net buyers of South African stocks, sell bonds

N.B. Full stories of above headlines are available on Reuters

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