#Africa #Markets | 4 Apr

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia shares fail to bounce with Wall St as trade fears lurk
  • White House details tariffs on $50 bln of China imports
  • China threatens to retaliate in kind
  • Currencies steady after safe-haven yen eases

Oil Markets

  • Brent crude futures off 13 cents to $67.99 a barrel
  • US WTI crude futures down 11 cents to $63.40 a barrel

Precious metals

  • Gold steady as China-US trade tensions escalate
  • Spot gold unchanged at $1,332.55 per ounce (0041GMT)
  • US gold futures down 0.1 pct at $1,336.30 an ounce

Grains

  • Wheat extends gains as US crop condition at 16-yr low
  • Most active CBOT wheat futures up 0.8 pct at $4.61 per bushel (0226GMT)
  • Most active corn futures unchanged at $3.88-1/2 a bushel
  • Most active soybean futures up 0.2 pct at $10.39-3/4 a bushel
  • Most active rice futures up 0.3 pct at $12.42 per hundredweight

Soft commodities (3 Apr)

  • NY cocoa slumps below 1-1/2-year top, arabica up from 9-mth low
  • May New York cocoa settled down 5.2 pct at $2,498 per tonne
  • May London cocoa settled down 1.1 pct at £1,733 per tonne
  • May arabica coffee settled up 0.2 pct at $1.166 per lb
  • May robusta coffee settled up 0.8 pct at $1,739 per tonne
  • May raw sugar settled down 0.4 pct at 12.47 cents per lb
  • May white sugar settled up 1 pct at $354.70 per tonne

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

  • Nigeria interest rate decision today [Likely unchanged at 14 pct]
  • Zimbabwe’s Mnangagwa in China for 5-day visit [Arrived yesterday, just after Namibia’s Geingob departed]

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

  • Egypt police raid website office, arrest editor-in-chief
  • Intrepid Mines updates on sale of Zambian project
  • Developing nations to study ways to dim sunshine, slow warming
  • Zambia ends ban South African food imports, except those linked to listeria
  • Libyan court clears Gaddafi’s son of footballer’s murder
  • Winnie Mandela should have been president, says head of South African left
  • South Africa’s ADvTECH expands schools business into east Africa
  • Six found dead in Mali grave had been in military custody – Amnesty
  • Cape Town “Day Zero” pushed back to 2019 as dams fill up in South Africa
  • China’s Xi tells Zimbabwe president they should write “new chapter” in ties
  • Tunisia’s tourism revenues grow 23 pct in first quarter
  • South Africa’s new vehicle sales up 1 pct y/y in March
  • South Africa close to hitting 1.217 trillion rand 2017/18 revenue target
  • Work at South Africa’s Modikwa platinum mine halted after bus attack kills six
  • Mondo TV signs license agreement in Africa with South African Broadcasting Corporation
  • Yields mostly fall in weekly South African govt bond auction
  • Uganda shilling stable as wave of demand recedes
  • South Africa’s ABSA PMI falls in March as strong rand hurts exports
  • Kenyan shilling holds steady against the dollar
  • Egypt to meet investors this week ahead of euro-denominated bond
  • Egypt hires banks for euro bond offering
  • Offshore investors net sellers of South African stocks, buy bonds
  • Advtech to buy Makini Group of Schools in Kenya
  • Cradle Arc to boost copper output in Botswana in April

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

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