#Africa #Markets | 23 Jul

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian stocks ease, dollar near 2-wk lows on Trump comments
  • Dollar eases after Trump complains about greenback strength
  • Trump ratchets up protectionist rhetoric, hits stocks
  • Investors await Trump-Juncker trade talks later this week

Oil Markets

  • Oil prices mixed as G20 warns of risks to growth
  • Brent crude futures up 2 cents at $73.09 a barrel (0037GMT)
  • US WTI crude futures down 8 cents at $68.18 a barrel

Precious metals

  • Gold rises further as US dollar eases
  • Spot gold up 0.2 pct at $1,234.24 an ounce (0045GMT)
  • US gold futures for August delivery up 0.3 pct at $1,234.20 an ounce

Grains

  • Wheat falls from near 6-wk high, dry weather limits losses
  • Most active CBOT wheat futures down 0.3 pct at $5.14-1/4 a bushel (0121GMT)
  • Most active corn futures up 0.1 pct at $3.69-1/4 per bushel
  • Most active soy futures up 0.1 pct at $8.65-3/4 a bushel
  • Most active rice futures unchanged at $11.93 per hundredweight

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

  • Nigeria inflation data for June due [fcst. 11.0% yy, prev. 11.6%]
  • Ghana interest rate decision expected [fcst. 16.0%, prev. 17.0%]
  • China’s Xi Jinping in Rwanda for 2-day visit; arrived on Sunday
  • India’s Modi due in Rwanda today

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

  • Egyptian women challenge social norms by practising Parkour
  • Ethiopia prime minister calls for multiparty democracy – chief of staff
  • Egypt’s Sisi says false rumours main threat to Arab countries
  • US doubts ability of South Sudan’s president and rebel leader to bring peace
  • Kenya’s Safaricom restores services after voice and data outage
  • Eleven taxi drivers shot dead in South Africa on return from funeral
  • In Senegal, China’s President Xi pledges stronger Africa ties
  • Migrant charity files manslaughter complaint against cargo ship, Libya
  • Egypt hikes gas prices by up to 75 pct in IMF-backed austerity plan
  • Egypt says Israel’s Jewish nation-state law undermines Middle East peace
  • Zimbabwe’s president courts white voters ahead of election
  • Liberia’s biggest palm oil project quits eco-certification scheme
  • Eritrea appoints first ambassador to Ethiopia in two decades
  • Soccer – Africa looks for answers after disastrous World Cup
  • Ivory Coast government faces collapse in coalition row
  • Ethiopia’s birr black-market evaporates as confidence booms
  • Ghana’s 91-day bill edges up to 13.32 pct
  • Investor group oppose General Electric plans for Kenyan power plant
  • Nigeria to devise green bond issuance programme by end 2018
  • Nigeria flying home 152 citizens stranded in Russia after World Cup
  • Africa Crude – Nigeria’s Bonny Light programmes emerge
  • Shareholders approve Steinhoff Africa Retail name change
  • Mugabe-era minister jailed for corruption in Zimbabwe
  • Zimbabwe presidential election too close to call – poll
  • As Ethiopia’s “Wall” comes down, exiles dream of going home
  • Court blow to tax plans aimed at funding cheap Kenyan housing
  • Ethiopia offers amnesty to recently freed political prisoners
  • South African retailer Truworths flags dip in annual profit
  • Nigeria central bank asks lenders to bid for Chinese yuan – traders
  • Kenyan shilling holds steady amid excess liquidity in the market
  • Ivory Coast issues 8-yr 100 bln CFA ($171 mln) bond
  • Libya rejects EU plans for migrant centres on its territory
  • Gabon oil workers’ union ends strike at Total facilities
  • Ugandan shilling unchanged amid low appetite for lenders
  • South Africa’s Sasol flags up to 11 pct drop in FY earnings

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

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