#Africa #Markets | 5 Feb

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

 Global Markets

  • Asia shares skid as inflation shadow spooks bonds
  • Asia shares ex-Japan in largest daily fall since late 2016
  • Treasury 10-year yields make fresh top at 2.86 pct
  • Emerging markets pressured as borrowing costs rise globally
  • Dollar losing altitude again, even as Fed seen moving faster

Oil Markets

  • Oil prices fall on strong dollar, Brent near 1-mth low
  • Brent down 1.1 pct at $67.83 a barrel (0033GMT)
  • US WTI crude down 66 cents to $64.79

Precious metals

  • Gold dips on firmer dollar after positive US jobs data
  • Spot gold dips 0.1 pct to $1,331.80 per ounce (0051GMT)
  • US gold futures down 0.1 pct at $1,336 per ounce

Grains

  • Wheat falls 1 pct to hit 10-day low as snow blankets US midwest
  • Most active CBOT wheat futures down 1.3 pct at $4.41 a bushel (0129GMT)
  • Most active soybean futures fall 0.6 pct to $9.72-1/2 a bushel
  • Most active corn futures down 0.8 pct to $3.58-3/4 a bushel
  • Most active rice futures down 0.2 pct to $12.44 per hundredweight

Softs commodities (2 Feb)

  • NY cocoa futures extend longest rally since March 2016
  • March London cocoa settled up 3.3 pct at £1,455 per tonne
  • March New York cocoa settled up 2 pct at $2,059 per tonne
  • March raw sugar settled up 1.9 pct at 13.63 cents per lb
  • March white sugar settled up 0.7 pct at $358.10 per tonne
  • March arabica coffee settled down 0.8 pct at $1.204 per lb
  • March robusta coffee settled down 0.3 pct at $1,764 per tonne

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

  • National working committee of South Africa’s ruling ANC to meet today over Zuma’s future ahead of SONA on 8 February

Key Africa events or data releases over the weekend
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]

  • Egypt’s non-oil business sector activity stabilises in Jan – PMI
  • South Africa’s ANC meets Zuma as pressure mounts for him to quit
  • Egypt’s net foreign reserves rise to $38.2 bln at end-Jan
  • Egypt to issue eurobonds worth $4-5 billion within days – finmin
  • Sierra Leone says relations with IMF “normal” after suspended payout
  • Kenyan police briefly detain legislators over opposition leader’s ‘swearing in’
  • Zuma should resign, says senior official in South Africa’s ruling party
  • S&P says Mozambique foreign currency ratings affirmed at ‘SD/SD’
  • Egypt’s opposition slams President Sisi’s warning to opponents
  • Congo Republic plans to dissolve state power, water utilities
  • Kenya defies court order to reopen TV stations, detains opposition figure
  • Ghana’s 91-day bill yield dips to 13.3 pct
  • Zimbabwe should press on with fair land reforms – Britain
  • South African stocks post worst week in 2 years, rand drops
  • South Africa’s Zuma faces new no-confidence vote this month
  • South Africa fines Chinese bank $6 mln under anti-money laundering act
  • Mauritius 91-day treasury bill yield unchanged at 2.44 pct
  • France condemns killings in Cameroon, urges dialogue
  • South Africa’s Capitec says Benguela Global Fund Managers satified with co’s response
  • Tunisia’s central bank holds key rate unchanged at 5 pct
  • South Africa approves Eskom application to buy more renewable power
  • US bans export of weapons, defense services to South Sudan
  • South Africa’s Cape Town water crisis hitting tourism – officials
  • Workers trapped underground in South Africa gold mine rescued
  • South Africa’s crisis-hit Steinhoff to halt dividends to save cash
  • Tanzania says GDP growth rises to 6.8 pct y/y in Q3
  • South Africa’s 3-mth t-bill average yield falls to 7.31 pct
  • Yields rise at South African inflation-linked bond auction 

N.B. Full stories of above headlines are available @Reuters, @ReutersAfrica

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