#Africa #Markets | 30 Jul

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia shares subdued for central bank, data test
  • Nikkei slips 0.7 pct, volumes light across Asia
  • Focus on Tuesday’s BOJ decision amid talk of policy tweaks
  • Apple results loom as tech sector loses favour

Oil Markets

  • Oil prices mixed; WTI gains after strong US growth figures
  • Brent crude futures down 0.2 pct at $74.18 a barrel (0058GMT)
  • US WTI crude futures up 0.3 pct at $68.91 a barrel

Precious metals

  • Gold prices steady; central bank meetings, US data loom
  • Spot gold nearly unchanged at $1,222.68 an ounce (0107GMT)
  • US gold futures down 0.1 pct at $1,222 an ounce


  • Soybeans jump to 3-wk high on US export demand
  • Most active CBOT wheat futures up 0.9 pct at $5.35-1/2 a bushel (0037GMT)
  • Most active corn futures up 0.7 pct at $3.79 per bushel
  • Most active soy futures up 0.8 pct at $8.92 per bushel
  • Most active rice futures unchanged at $12.01 per hundredweight

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

  • Zimbabwe polls today
  • Results of Mali polls yesterday (29 July) to be in focus
  • Central Bank of Kenya to announce interest rate decision [fcst. 9.0%, prev. 9.5%]
  • South Africa PSCE data for June due [fcst. 4.9% yy, prev. 4.5%]
  • South Africa M3 data for June due [fcst. 5.8% yy, prev. 5.7%]
  • ECOWAS/ECCAS Summit today in Lome, Togo
  • 53rd Ordinary Session of ECOWAS Authority of Heads of State and Government in Lome, Togo, tomorrow (31 July)

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

  • As high seas threaten Liberian slum, residents await promised homes
  • From robots to girl power, getting Cameroon’s women into work
  • Mali begins presidential vote count amid simmering insecurity
  • King Mohammed VI urges action to address Morocco’s social problems
  • Zimbabweans vote in first election since Mugabe’s removal
  • Nigeria to send air force and 1,000 security personnel to tackle banditry
  • Zimbabwe’s Mugabe backs opposition on eve of election
  • Zimbabwe’s Mnangagwa accuses rival Chamisa of striking deal with Mugabe
  • Militants fire mortars in northern Mali during presidential election
  • Ooredoo Q2 profit plunges on challenges in Indonesia, Algeria
  • On eve of election, Zimbabwe’s Mugabe condemns ruling party
  • South Africa’s treasury completes probe of alleged corruption involving state firms Eskom, Transnet
  • Zambia says Turkish firms wants to refinance its $750 mln eurobond
  • Mali goes to polls after five years of jihad, insecurity
  • G20 agriculture ministers slam protectionism, pledge WTO reforms
  • Tweets scorn Egypt’s Sisi in renewed online criticism
  • Somalia’s president pays rare visit to Eritrea
  • Egypt seeks 75 death sentences over 2013 sit-in
  • Zimbabwe rivals promise victory in pitch for votes at final election rallies
  • Malawi vice president says quit ruling party in protest at graft
  • US Pence meets with Ethiopian prime minister, applauds reforms
  • Canada using DNA, ancestry websites to investigate migrants
  • NBA – African, world players to meet in Pretoria Africa Game
  • Arms influx fuels Central African Republic violence – UN experts
  • Congo’s Bemba should be declared ineligible for Dec election – ruling coalition
  • Attacks on aid workers rise in Central African Republic
  • Nigeria brings in fourth commander in 14 mths to lead fight against Boko Haram
  • South African rand ends week on a high after renewed sentiment, stocks up
  • Tunisia releases suspected bin Laden bodyguard, citing lack of evidence
  • South Africa’s Ramaphosa says to discuss nuclear with Putin in future
  • Ivory Coast court orders liquidation of cocoa exporter SAF-Cacao
  • Hundreds in Ethiopia protest apparent killing of dam project manager
  • Zimbabwe’s jobless generation hopes election will mark a change
  • South African Express to resume flight schedules over the next few weeks
  • Oil major Total starts production at offshore Angola’s Kaombo project
  • UN award-winning photographer awaits verdict in Egypt terrorism trial
  • 1,500 migrants have died in Mediterranean in 2018, Italy deadliest route – UN
  • South Africa’s central bank does not see Q2 economic contraction
  • Telkom Kenya wants to double market share, data in focus
  • South Africa’s Zuma says will win case on corruption charges
  • Chinese investors plan $10 bln metallurgical complex in South Africa
  • Egypt’s Zohr gas field capacity to reach 2 bcf/d by Sept – Eni
  • Uganda shilling little-changed as demand in the interbank weighs
  • Logistics firm DHL to create venture with Ethiopian Airlines
  • Kenyan shilling firms against the dollar, helped by remittances
  • US firm Seaboard still seeking to delist Kenya’s Unga
  • South Africa’s Zuma in third court appearance on corruption charges
  • Food group Danone’s Q2 sales growth slows as Morocco boycott weighs

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

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