#Africa #Markets | 14 Feb

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia shares wary of US inflation, dollar breaks down
  • Asia shares ex-Japan up 0.4 pct, markets mixed
  • Nikkei hits 4-month low as yen climbs to 15-month top
  • Dollar slips as US twin deficits set to explode
  • US Jan CPI forecast at 1.9 pct, core at 1.7 pct

Oil Markets

  • Oil stable on weaker dollar and healthy economic growth, but pockest of oversupply linger
  • Weaker dollar potentially spurs fuel demand
  • Healthy economic growth also supports oil markets
  • But physical crude falls as exporters compete for customers
  • US crude inventories rise – API
  • Oil supplies could outgrow demand again in 2018 – IEA

Precious metals

  • Gold rises on softer dollar ahead of US inflation data
  • Spot gold up 0.3 pct at $1,332 an ounce (0115GMT)
  • US gold futures up 0.4 pct to $1,335 per ounce

Grains

  • Wheat falls more than 1 pct despite dry weather threat persisting
  • Dry weather across the US plains production
  • Soybeans fall from 10-week high hit in previous session
  • Corn edges lower
  • Most active CBOT wheat futures down 1.3 pct to $4.54-1/2 a bushel (0222GMT)
  • Most active corn futures down 0.3 pct at $3.65-1/2 a bushel
  • Most active soybean futures down 0.4 pct at $10.07-1/2 a bushel
  • Most active rice futures unchanged at $12.29 per hundredweight

Soft commodities (13 Feb)

  • Sugar prices slip; weak dollar boosts NY cocoa
  • March raw sugar settled down 1.3 pct at 13.44 cents per lb
  • March white sugar settled up 1 pct at $359.60 per tonne
  • May New York cocoa settled up 1.4 pct at $2,036 per tonne
  • May London cocoa settled up 0.8 pct at £1,470 per tonne
  • May arabica coffee settled up 1.3 pct at $1.2505 per lb
  • May robusta coffee settled up 0.5 pct at $1,778 per tonne

Key African events or data releases today

[Posts & comments at my Twitter handle @DrRafiqRaji]

  • Namibia interest rate decision
  • Nigeria Jan-18 inflation data

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

  • Mali’s debut sale of Islamic bonds to fund social housing
  • Moody’s Downgrades Government Of Kenya’s Issuer Rating To B2 And Assigns Stable Outlook
  • Egypt’s former anti-graft chief ordered detained for 15 days- agency
  • ANC orders Zuma to step down as South African president
  • Egypt launches US$4bn bond
  • South Africa’s Zuma to hold media briefing Wednesday – eNCA TV
  • South Africa declares drought a national disaster
  • Africa Crude-Nigerian firm, most Angolan cargoes sold
  • Egypt expected to raise around US$4bn through triple-tranche bond
  • South Africa dismisses Massmart anti-competitive complaint against rivals
  • Ethiopia frees opposition leader amid protests
  • South Africa’s rand, bonds slide after ANC says no deadline for Zuma exit
  • Congo violence forces over 22,000 to flee to Uganda
  • South Africa cabinet meeting due Wednesday postponed
  • Ethiopia frees opposition leader jailed for incitement
  • Zuma will respond to ANC exit order on Wednesday – top party official
  • Kenya’s Attorney General resigns, says Kenyatta
  • South Africa’s ANC says will “deal with matter” if Zuma refuses to go
  • Egypt’s former anti-graft chief taken to military prosecutor, family says
  • Thomas Cook flies Britons to Tunisia three years after beach attack
  • Uganda cuts rates to lowest ever to nudge private sector credit growth
  • South Africa dismisses Massmart anti-competitive complaint against rivals
  • South Africa’s ANC confirms Zuma removal, says cannot agree timeframe
  • Ugandan shilling stable despite key rate cut
  • SA’s Competiton Tribunal Says Dismisses Massmart Complaint Against Retailers
  • South Africa’s power utility Eskom would have defaulted without PIC loan
  • South African adviser to South Sudan rebels could face death penalty
  • South Africa’s power utility Eskom would have defaulted without PIC loan
  • South Africa’s PIC Updates On ‍Repayment Of Loan Advanced To Eskom
  • Moody’s Downgrades Government Of Kenya’s Issuer Rating To B2 And Assigns Stable Outlook
  • Egypt’s former anti-graft chief ordered detained for 15 days- agency
  • ANC orders Zuma to step down as South African president
  • Egypt launches US$4bn bond
  • South Africa’s Zuma to hold media briefing Wednesday – eNCA TV
  • South Africa declares drought a national disaster
  • Egypt expected to raise around US$4bn through triple-tranche bond
  • South Africa dismisses Massmart anti-competitive complaint against rivals
  • Ethiopia frees opposition leader amid protests
  • South Africa’s rand, bonds slide after ANC says no deadline for Zuma exit
  • Congo violence forces over 22,000 to flee to Uganda
  • Zuma will respond to ANC exit order on Wednesday – top party official
  • Kenya’s Attorney General resigns, says Kenyatta
  • South African adviser to South Sudan rebels could face death penalty
  • Egypt police detain former anti-graft chief, family says
  • Botswana’s central bank holds lending rate at 5 percent
  • South Africa’s unemployment rate falls to 26.7 percent in Q4 2017
  • Top ANC official telling Zuma that party wants him out – source
  • Kenya offers 15-yr re-opened Treasury bonds for 40 bln shillings

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

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