#Africa #Markets | 16 Apr

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia shares mixed, oil down amid Syria fallout
  • S&P 500 futures up 0.4 pct
  • Market assumes US-led Syria action over for time being
  • Oil and treasury prices ease, yen dips in limited reaction
  • Future of Japan PM Abe in doubt as polls worsen

Oil Markets

  • Oil markets tense after western strikes on Syria, but rising US drilling weighs
  • US, France, UK launched missiles on Syria on Saturday
  • In oil markets, rising US drilling activity weighs
  • Brent crude futures down 1 pct at $71.87 per barrel (0124GMT)
  • US WTI crude futures down 0.9 pct at $66.80 a barrel

Precious metals

  • Gold edges up after Syria strikes
  • Spot gold up 0.1 pct at $1,346.1 an ounce (0115GMT)
  • US gold futures up 0.1 pct at $1,349.2 an ounce


  • Wheat falls 1 pct, hits 10-day low as weather outlook improves
  • Most active CBOT wheat futures down 1.1 pct at $4.67-1/2 per bushel (0101GMT)
  • Most active corn futures down 0.6 pct at $3.84 a bushel
  • Most active soybean futures down 0.3 pct at $10.51-1/2 a bushel
  • Most active rice futures down 0.3 pct at $13.07 per hundredweight

Soft commodities (13 Apr)

  • Raw sugar futures fall for 7th straight week on surplus
  • May raw sugar settled up 0.3 pct at 12.08 cents per lb
  • August white sugar settled up 0.4 pct at $339 per tonne
  • July New York cocoa settled up 0.5 pct at $2,576 per tonne
  • July London cocoa settled up 0.2 pct at £1,764 per tonne
  • July arabica coffee settled down 0.4 pct at $1.195 per lb
  • July robusta coffee closed flat at $1,736 a tonne

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

  • IMF to release April 2018 World Economic Outlook (17 Apr)
  • African presidents to speak at Chatham House in London
    • Kenya’s Kenyatta (17 Apr)
    • Mozambique’s Nyusi (17 Apr)
    • Seychelles’ Faure (18 Apr)
    • Gambia’s Barrow (18 Apr)
  • South Africa inflation and retail sales data due on 18 Apr

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

  • Nigeria’s Buhari to meet Trump at White House on April 30
  • UAE ends programme to train Somalia’s military
  • South Sudan rebels say they have freed seven aid workers
  • KPMG South Africa reviewing work done by its partners
  • Israel to free 200 African migrants awaiting deportation
  • Militants in UN disguise explode car bombs, rockets at Mali bases
  • Morocco deplores Western air strikes on Syria, demands political solution
  • South Africa’s anti-apartheid heroine Winnie Mandela laid to rest
  • Algerian PM says economy to improve in 2018 as energy exports recover
  • Egypt court upholds life sentence against Brotherhood leader
  • IMF resumes lending to Chad following Glencore debt deal
  • Egypt says deeply concerned over military escalation in Syria
  • Libya’s Haftar treated in Paris after feeling ill on tour – spokesman
  • 8 Egyptian soldiers, 14 militants killed in Sinai attack – army
  • Egypt to extend state of emergency for 3 months – official gazette
  • Egypt sees 2 pct primary surplus in FY 2018/19 on higher taxes, lower subsidies
  • S&P says Cameroon ‘B/B’ ratings affirmed, outlook stable
  • Rift among abductors of Chibok girls delays release talks – Nigerian president
  • S&P affirms Ethiopia’s ratings at ‘B/B’
  • Ghana’s 91-day bill yield inches up to 13.36 pct
  • IMF urges Tunisia to raise energy prices, retirement age
  • Kenya’s c.bank receives proposals for Imperial Bank
  • Africa Crude – Angolan cargoes trade, Total wins IOC tender
  • Zambia says IMF has not asked for independent debt audit
  • South African rand steadies at end of volatile week, stocks flat
  • Egypt targets 10 pct inflation in 2018/19 – finance ministry
  • New Ethiopian premier promises reforms at meeting with opposition
  • Tanzania seeks consultancy service provider for delayed LNG project
  • Uganda considering Israeli request to take African migrants – minister
  • Congo faces “Dante’s inferno” but shuns UN aid effort
  • Bomb kills up up to 5 during football match in Somalia
  • Profit at Nigeria’s NNPC engineering unit hit by lower forex again
  • Kenyan lawmakers say interest cap to stay, finmin still sees change
  • Nigeria’s NNPC engineering unit says 2017 pretax profit down 34 pct
  • Ugandan shilling in firm position as charity, coffee flows help
  • South Africa’s 3-mth t-bill average yield rises to 7.16 pct
  • Yields mostly rise at undersubscribed South African CPI-linked bond auction
  • Mauritius 91-day treasury bill yield falls to 3.51 pct
  • Zimbabwe to sell shares in 35 state-owned firms as part of reforms
  • Kenyan shilling firms, horticulture inflows help
  • Kenya’s National Oil and Schlumberger sign field development deal
  • South Africa’s rand edges firmer as China export surge eases trade war worries
  • Violence in Nigeria’s swing states could cost Buhari votes

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

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