#Africa #Markets | 4 May

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia stocks fall, yen firm as markets await US payrolls
  • Eurozone inflation, US data fail to boost dollar
  • Indonesian stocks fall heavily, Argentine peso at record low

Oil Markets

  • Oil prices inch up on Iran sanction worries
  • US WTI crude futures up 3 cents to $68.46 per barrel (0040GMT)
  • Brent crude futures up 0.1 pct at $73.67 per barrel

Precious metals

  • Gold prices steady ahead of US payrolls data
  • Spot gold nearly unchanged at $1,311.61 per ounce (0113GMT)
  • US gold futures for June delivery flat at $1,312.50 per ounce

Grains

  • Wheat drops from 9-mth high, set to finish the week up 7 pct
  • Most active CBOT wheat futures down 0.7 pct at $5.34-1/4 a bushel (0107GMT)
  • Most active corn futures down 0.3 pct at $4.07 per bushel
  • Most active soybean futures down 0.5 pct at $10.48 per bushel
  • Most active rice futures down 0.1 pct at $13.01 per hundredweight

Soft commodities (3 May)

  • Arabica coffee climbs on fund buying, raw sugar slips
  • July arabica coffee settled up 0.5 pct at $1.2435 per lb
  • July robusta coffee settled up 1.3 pct at $1,831 per tonne
  • July raw sugar settled down 0.5 pct at 11.69 cents per lb
  • August white sugar settled down 0.1 pct at $323.50 per tonne
  • July London cocoa settled up 0.6 pct at £1,940 per tonne
  • July New York cocoa settled up 1 pct at $2,841 per tonne

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

  • South Africa Standard Bank PMI for Apr-18 due [prev. 51.1]
  • Japan-Africa Public Private Economic Forum in Johannesburg continues today (3-4 May)

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

  • One miner dies after being trapped in South African gold mine
  • Mozambique opposition leader and ex-guerrilla Dhlakama dies
  • Canadian officials in Nigeria work with US to stem asylum seekers
  • Ethiopia inflation falls to 13.7 pct in April – Stats Office
  • Kenyan fishermen win millions for loss of rights to new port
  • Ivory Coast retires over 2,000 troops in mutiny-plagued army
  • UN calls for urgent aid to Sahel as hunger crisis looms
  • Croatia arrests Bosnian over 2016 Tunisia assassination – agency
  • South Africa’s Transnet chairwoman resigns
  • US complains to China after laser incidents in Djibouti
  • Death toll from Central African church attachk reaches 26
  • Thirteen trapped underground at South African gold mine
  • South African miners reach $400 mln silicosis settlement with mining companies
  • Kellogg tops profit estimates, makes west African investment
  • Yields on Kenya’s 91-day t-bill dip and 182-day, 364-day t-bills rise at auction
  • Moody’s confirms Banco Angolano De Investimentos’ B3 Bca, downgrades local deposit ratings to B3
  • Ethiopia to take a stake in Sudan’s main sea gateway port
  • Brazil will insist Venezuela, Mozambique pay back debt
  • Uganda offers 3-year and 15-year bonds for sale
  • Mnangagwa allies, ministers lose in Zimbabwe ruling party primaries
  • Libya’s NOC witholding Total’s share of Waha crude as dispute drags on
  • Nigeria’s internet fraudsters zero in on corporate email accounts
  • Kenya’s shilling to hold steady, kwacha to ease next week
  • Libyan foreign minister meets senior Russian official in Moscow
  • Three rhinos killed by poachers in Kenya’s Meru National Park – ministry
  • Egypt to auction 1-year dollar-denominated treasury bills on May 7 – central bank
  • Barclays Africa dumps KPMG in latest blow to auditor in South Africa
  • Nigeria central bank signs $2.5 bln FX swap deal with China
  • Ugandan shilling stable amid muted appetite from importers
  • Corrupt officials to blame for loss of Kenya’s forest cover – govt repot
  • Gunmen kidnap German nurse from ICRC in Somali capital
  • Oil-rich Nigeria turns to renewable energy as population booms
  • Sudan closes 13 diplomatic missions in deep spending cuts
  • Rwanda plans to boost spending by 15.5 pct in 2018/19
  • South Africa’s Nedbank to keep KPMG for 2018 financial year
  • Rhinos to return to Chad in airlift after 5-decade absence
  • South Africa to challenge IAAF new hyperandrogenism rules
  • Sibanye’s South African gold output drops, expects to recover losses by year-end
  • South Africa’s Eskom says no power cuts this year
  • Egyptian Electricity Holding to raise $700 mln loan with HSBC and Credit Suisse – sources
  • South African cenbank says no need for banks to use big 4 auditors
  • South Africa’s MTN Q1 revenue rises 9 pct, shares jump

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

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