#Africa #Markets | 9 Jul

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia shares rally on US jobs relief, sterling slugged by politics
  • Sterling hit as two UK ministers resign over Brexit
  • Nikkei leads Asia shares higher, China bourse tries to bounce
  • Balanced US jobs data suggest Fed can stay gradual on hikes
  • Oil, gold prices rise as dollar softens

Oil Markets

  • Oil prices edge up, US-China trade war in focus
  • Brent crude up 0.2 pct to $77.25 a barrel (0113GMT)
  • US WTI crude futures up 0.2 pct at $73.88

Precious metals

  • Gold prices edge up as dollar hovers near 3-1/2 week lows
  • Spot gold up 0.2 pct at $1,256.85 an ounce (0055GMT)
  • US gold futures for August delivery up 0.1 pct at $1,257.60 an ounce

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

  • When the ground opened: horizontal landslides empty Kenyan villages
  • McKinsey’s new boss apologises to South Africans over corruption scandal
  • German firms promised ‘Marshall Plan’ tax breaks for African projects
  • Former South Sudan vice president to be reinstated – presidency
  • MTN Nigeria yet to file IPO application, securities regulator says
  • Son of former South African president Zuma to face charges
  • South African mines minister delays finalisation of draft mining charter
  • Ethiopia’s prime minister, Eritrea’s president embrace at airport before Asmara peace talks – Ethiopian TV
  • IMF says Cameroon’s economic growth to rise to 4 pct in 2018
  • IMF disburses $250 mln loan tranche to Tunisia
  • Armed group in Libya kidnaps 3 Filipinos and one Korean – official says
  • Ivory Coast’s Ouattara to name new govt on Tuesday – sources
  • Ethiopia must work harder to attract investment, reformist PM says
  • Nigeria’s Dangote expects new oil refinery to account for half of group assets
  • Nigerian court clears Senate president of asset-declaration charges
  • MTN Uganda says govt security personnel raided its data centre
  • Ethiopia to borrow $1.2 billion externally in 2018/19
  • Ethiopia needs $7.5 bln to finish megaprojects – PM
  • Libya NOC requests sanctions over push to sell oil to east
  • EU mission urges Zimbabwe to improve ballot access to boost vote credibility
  • Kenya court grants bail to governor accused of fraud conspiracy
  • One killed, 3 wounded after clashes near Congo-Uganda border
  • South Africa’s Eskom ups pay rise offer to 6.7 pct, NUM says ready to strike
  • South Africa’s Ramaphosa assures Zulu king, tribal leaders on land issue
  • Namibia to climb out of recession this year – cbank
  • Swaziland or eSwatini? King’s new name faces legal challenge
  • Congolese, Uganda forces clash near maritime border – Congo official
  • Lafarge Holcim’s Kenyan unit completes grinding capacity expansion
  • Mozambique airline board sacked after PM left stranded
  • South Africa’s net foreign reserves fall to $42.4 billion in June

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

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