#Africa #Markets | 13 Jul

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares extend rebound but trade fears dog China stocks
  • MSCI Asia-Pacific ex-Japan index up 0.6 pct
  • Japan’s Nikkei stock index up 1.3 pct
  • China’s blue-chip CSI300 index up 0.1 pct, Shanghai down 0.4 pct

Oil Markets

  • Oil edges lower, set for big weekly decline
  • Brent crude futures down 0.3 pct at $74.25 per barrel (0059GMT)
  • US WTI crude futures down 0.1 pct at $70.27

Precious metals

  • Gold prices subdued as dollar extends rally
  • Spot gold down 0.1 pct at $1,246.11 an ounce (0050GMT)
  • US gold futures for August delivery little changed at $1,246.30 an ounce

Grains

  • Soybeans set for 5 pct weekly loss as USDA warns of record supplies
  • Most active CBOT wheat futures up 1 pct at $4.89-1/4 per bushel (0111GMT)
  • Most active corn futures down 0.1 pct at $3.58-3/4 per bushel
  • Most active soy futures unchanged at $8.49-1/4 per bushel
  • Most active rice futures unchanged at $11.92 per hundredweight

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

  • Afreximbank annual meetings continue in Abuja (11-14 July)
  • Nigeria inflation data for June 2018 expected [fcst. 11.0% yy, prev. 11.6%]
  • UN Security Council to vote on proposed arms embargo on South Sudan
  • South Africa’s Ramaphosa continues 3-nation tour, in UAE today; after Nigeria and Saudi Arabia

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

  • DR Congo envoy: US ties investment to open and fair general election
  • Egyptian courts sentence 31 to death for killings, prison escape
  • Chemicals factory blast injures 12 outside Cairo’s main airport
  • UN Security Council to vote Friday on proposed arms embargo on South Sudan
  • Congo Republic economy rebounds in 1st quarter
  • Egypt army spokesman says earlier explosion at chemical factory due to high temperatures
  • Egypt civil aviation minister says air traffic at Cairo airport unaffected after blast
  • Sudan extends ceasefire with rebels until year-end – statement
  • US tries to rally votes for a UN arms embargo on South Sudan
  • Egyptian General Petroleum Corp hires HSBC to raise $1 bln loan – sources
  • Cameroon investigates video showing apparent execution of women and children
  • Egypt court finds 37 guilty of illegal organ trading trial
  • Exxon beefs up Mozambique LNG project to cut costs ahead of bank talks
  • South Africa says Saudi Arabia to invest $10 billion in the country, focus on energy
  • China opens embassy after Burkina Faso severs ties with Taiwan
  • Africa Crude – Spot trade speeds up ahead of loading programmes
  • Sudan teen jailed for killing ‘rapist’ husband appeals for ‘unconditional freedom’
  • Bread price hike sharpens economic pain for Libyans
  • Ethiopian rebel group declares ceasefire in wake of reforms
  • South Africa’s rand stronger on sell-off retreat, stocks falter
  • Glencore shares under cloud after US demands Congo documents in probe
  • Microfinance could help African cities solve housing crisis – experts
  • Kenya’s high court to decide on safe abortion as teenager dies
  • South Sudan parliament extends president’s term until 2021
  • Nigeria’s amputee football team prepares for World Cup debut
  • Libya’s National Oil Corporation reopens El Feel oilfield
  • Easing risk in Ivory Coast banking sector a slow process – Moody’s
  • Zambia’s tax collection jumps in H1, easing debt pressure
  • South Africa’s manufacturing output tempers recession fears
  • Sudan’s president to visit Russia on Friday – Russian news agencies
  • Ugandan lawmakers to get sharpshooters and armoured cars for security
  • Tunisia toursim revenues jump as Europeans return
  • South Africa’s May manufacturing output up 2.3 pct
  • Old Mutual appoints Deloitte as joint auditor in a blow to scandal-hit KPMG
  • South Africa’s Ramaphosa embarks on Eskom overhaul
  • South Africa court opens culpable homicide case against Zuma’s son Duduzane
  • Ugandan shilling stronger, helped by charity, horticulture flows
  • Zambian tax agency says collects $2.4 bln in H1 2018
  • Egypt’s Eastern Co raises cigarette prices
  • South African court postpones Duduzane Zuma culpable homicide case
  • Djibouti starts project to develop geothermal power

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

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