#Africa #Markets | 19 Jul

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares rise on US earnings but trade worries rattle yuan
  • S&P 500 index at 5-mth peak on solid US earnings
  • Asian shares gain but lack market-lifting catalysts
  • China markets lag, yuan hits 1-yr low on tariff issues

Oil Markets

  • Oil prices extend gains, buoyed by unexpected drop in US gasoline stocks
  • Brent crude futures up 0.1 pct at $72.98 per barrel (0043GMT)
  • US WTI crude futures up 0.3 pct at $68.96 per barrel

Precious metals

  • Gold inches higher as US dollar eases
  • Spot gold up 0.1 pct at $1,227.55 an ounce (0058GMT)
  • US gold futures for August delivery little changed at $1,227.40 an ounce

Grains

  • Soybeans edge higher; wheat pauses after recent gains
  • Most active CBOT wheat futures unchanged at $4.94-1/2 per bushel (0101GMT)
  • Most active corn futures up 0.1 pct at $3.61-1/4 per bushel
  • Most active soy futures up 0.2 pct at $8.59 per bushel
  • Most active rice futures up 0.7 pct at $11.91 per hundredweight

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

  • Ghana mid-year budget review today
  • South Africa’s central bank to announce interest rate decision [fcst. 6.5%, prev. 6.5%]

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

  • North Korea, Eritrea have highest rates of modern slavery – report
  • Too good to be true? Slum graffiti warns Kenyans about trafficking risks
  • Airbus inks deal to sell passenger planes to Uganda
  • Egypt determined to find Italian student’s killers – Sisi
  • Guinea’s mining minister says there will be Simandou deal, talks go on
  • Ethiopia asks Saudi for year’s worth of fuel, with payment delayed
  • Africa Crude – Nigerian loading programmes trickle out
  • South African rand dips on dollar resurgence, stocks rise
  • Ghana’s economy seen up to 40 pct bigger after data overhaul – officials
  • Nigerian police say 8 Boko Haram suspects confess to Chibok abduction
  • Light rail line in Nigeria’s capital opens to passengers
  • South Africa gold producers offer single-digit pay hikes to unions
  • Nigeria’s Senate to investigate “anomalies” in renewal of oil leases
  • Nigeria plans re-launch of national airline in December
  • Steinhoff extends ‘early bird’ lock-up fee deadline for second time
  • Equatorial Guinea targets CHC Helicopter in compliance crackdown
  • Flags, flowers greet first Ethiopia-Eritrea flight in 20 years
  • Obama urges Africa to do more to stem brain drain
  • Migrant rescue boat aims for Spain with bodies, shunning Italy
  • Kenya to launch Nairobi financial centre later this year – finmin
  • South Africa’s retail sales up 1.9 pct y/y in May
  • Ugandan shilling weakens as demand from energy, manufacturing firms weigh
  • Egypt remittances expected to rise nearly 50 pct to $26 bln for FY 2017-18
  • South Africa’s CPI rises to 4.6 pct y/y in June
  • UN says global fight against AIDS is at “precarious point”
  • Kenya shilling strengthens on tourism and horticulture inflows
  • Ethiopia says reforms “to unleash private sector”

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

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