#Africa #Markets | 27 Apr

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares edge higher after US tech shares bounce
  • MSCI Asia-Pacific up 0.4 pct, South Korea stocks gain 0.7 pct
  • North-South Korea summit seen underpinning won, Kospi
  • Amazon shares jump in after-market trade as revenue surges
  • Euro steady near 3-1/2 month low after ECB meeting

Oil Markets

  • Oil dips, but concerns persist about Iran supplies
  • Brent crude futures down 0.2 pct at $74.61 a barrel (0050GMT)
  • US WTI crude futures down 0.2 pct at $68.07 a barrel

Precious metals

  • Gold stays near 5-wk lows, set for biggest weekly fall in 4 weeks
  • Spot gold steady at $1,317.03 an ounce (0042GMT)
  • US gold futures unchanged at $1,318 an ounce


  • Soybeans up for fourth day on hopes of Chinese buying, Argentina crop losses
  • Most active CBOT wheat futures up 0.5 pct at $4.92 per bushel (0048GMT)
  • Most active corn futures up 0.1 pct at $3.95-1/2 a bushel
  • Most active soybean futures up 0.3 pct at $10.42-1/4 a bushel
  • Most active rice futures down 0.4 pct at $12.90 per hundredweight

Soft commodities (26 Apr)

  • NY cocoa falls from 1-1/2-year high, sugar bounces above lows
  • July New York cocoa settled down 1.2 pct at $2,802 per tonne
  • July London cocoa settled up 0.7 pct at £1,875 per tonne
  • May raw sugar up 1 pct at 10.97 cents per lb
  • August white sugar settled up 3 pct at $321.70 per tonne
  • July arabica coffee settled up 0.7 pct at $1.1965 per lb
  • July robusta coffee settled up 0.6 pct at $1,771 per tonne

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

  • Mo Ibrahim Annual Governance Weekend starts in Kigali today (27-29 Apr)
  • The Africa Report Debates (Is the AU a necessity?) holds in Kigali today as well; on the sidelines of the Mo Ibrahim event
  • South Africa’s Freedom Day today; Ramaphosa speech to be watched

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

  • Boko Haram attack in northeastern city repelled, Nigeria military says
  • Algeria worried about rise in illegal migrants as Europe tightens controls
  • South Africa’s Ramaphosa appoints team to address North West governance
  • Blasts, gunfire heard in Nigerian city of Maiduguri, witnesses says
  • Libyan commander Haftar back in Benghazi after medical treatment
  • Ex-chairman Wiese stuns Steinhoff with $5 billion lawsuit
  • Liberians plan sit-in to pressure Weah to protect land rights
  • Nigeria’s Globacom and Huawei to lay undersea fibre cable in Delta oil region
  • Madagascar opposition calls on president to resign in election law dispute
  • Last year’s ambush in Niger due to number of problems – Mattis
  • Africa Crude – Angola cuts exports, spot deals show
  • Total CEO says Libya raised no objections to Waha deal
  • South Africa’s rand stabilises after torrid week; shares rise
  • Mauritius freezes funds linked to Angola’s sovereign wealth fund
  • Yields on Kenya’s 182-day and 364-day t-bill rise at auction
  • Gambian migrant seized in Italy on suspicion of planning attack
  • South African fuel prices to increase in May
  • Tanzanian anti-government protests flop as Magufuli calls for peace
  • Morocco struggles to curb rise in number of girls married underage
  • South Africa hires banks for international bond issue – National Treasury
  • Nigeria’s Senate summons president to testify on communal killings
  • Uganda currency seen on back foot, Kenya and Zambia’s range-bound; all next week
  • Fitch says IMF, First Quantum uncertainty show key Zambia challenges
  • Tunisia needs dialogue to solve economic crisis – Islamist leader
  • Kenya picks Britain’s Wood Group for oil pipeline design
  • Ten aid workers missing in South Sudan – UN official
  • Five likely mass graves found in Congo borderlands – UN
  • Gasoline builds off West Africa as Nigeria secures supplies before 2019 vote
  • South Africa’s 3-mth t-bill average yield dips to 7.12 pct
  • South Africa’s Ramaphosa to meet labour ministry after minimum wage protests
  • Rains in drought-hit Cape Town cause minor flooding
  • Implats’ Marula mine in South Africa rebounding as community violence fades
  • Kenyan shilling eases due to importer dollar demand
  • Zambia April inflation quickens to 7.4 pct y/y – CSO

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

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