#Africa #Markets | 31 Jul

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares slip on tech rout
  • BoJ keeps policy rate, adds flexibility

Oil Markets

  • Oil prices slip after OPEC output rise
  • Brent crude futures down 7 cents to $74.90 a barrel (0109GMT)
  • US WTI crude futures down 6 cents at $70.08 a barrel

Precious metals

  • Gold prices mixed ahead of central bank decisions
  • Spot gold unchanged at $1,221.24 an ounce (0340GMT)
  • US gold futures down 0.1 pct at $1,219.80 an ounce

Grains

  • Wheat edges lower, global output concerns check losses
  • Most active CBOT wheat futures down 0.2 pct at $5.45-1/2 a bushel (0106GMT)
  • Most active corn futures up 0.3 pct at $3.82-1/2 per bushel
  • Most active soy futures up 0.1 pct at $8.92 per bushel
  • Most active rice futures down 0.6 pct at $11.89 per hundredweight

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

  • Zimbabwe vote count to be followed; after polls yesterday
  • Results of 29 July Mali polls in focus as well as vote count continues
  • 53rd Ordinary Session of ECOWAS Authority of Heads of State and Government in Lome, Togo today
  • Kenya inflation data for July due [fcst. 5.5% yy, prev. 4.3%]
  • Uganda inflation data for July expected [fcst. 2.5% yy, prev. 2.2%]

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

  • Zimbabwe’s Chamisa says has done exceedingly well in vote seen as very close
  • Trump suspends duty-free status for Rwanda’s apparel exports to US
  • Tunisia airport workers call off strike
  • Mali presidential race seen facing run-off; attacks could be issue
  • UN struggling to deliver food aid in South Sudan as rains cut off vast areas
  • Mali leader Ibrahim Boubacar Keita ahead in poll count – spokesman
  • Zimbabwe counts votes after first post-Mugabe election
  • High turnout in Zimbabwe’s first post-Mugabe election
  • Italy’s Conte says he is organizing a conference on stabilizing Libya
  • Sudan forces help return missing Egypt patrol – Egypt army
  • Mali poll will go to run-off with Cisse and President Keita – opposition
  • Exiled Congo opposition leader Katumbi to return home for presidential bid
  • Africa’s trafficking gangs flourish as nations fail to work together
  • Africa Crude – Spot cargoes on offer, buyers stay on sidelines
  • Tanzania mulling length of suspension for China’s Star Media
  • Eskom warns of likely South African power cuts due to protests
  • Kenya central bank cuts main lending rate, says inflation expectations within range
  • Uganda’s social media tax will harm business, deter investment – executives
  • Zimbabwe election in some cases “totally disorganised” – EU
  • South Africa faces public debt, state firm bailouts risks – IMF
  • Carry trade draws foreigners back into South African bonds
  • OPEC July oil output hits 2018 peak, but outages weigh – Reuters survey
  • South Africa’s Eskom says high risk of power outages this week
  • Somalia, Eritrea to establish diplomatic ties, open embassies
  • Mistreated women turn ‘lawyers’ to win divorce, child custody in Kenya’s courts
  • Nigeria’s central bank auctions Chinese currency in first yuan sale
  • South African court overturns immunity for Grace Mugabe in assault case
  • Violence disrupted vote in a fifth of Mali polling stations – govt
  • Viettel eyes Ethiopia telecoms sector as govt opens market
  • US confirms deployment of armed drones in Niger
  • Israel’s Baran gets up to $428 mln of African infrastructure deals
  • Zimbabwe’s opposition leader says urban vote being suppressed
  • Ugandan shilling unchanged amid slow dollar demand
  • Zambia to refinance part of Chinese debt, eurobonds – finmin
  • Comoros holds referendum to extend presidential limits
  • Kenya cuts electricity costs to help low income customers
  • Zimbabwe’s president rejects Mugabe’s claim that election is not free
  • South Africa’s Imperial CEO to extend medical leave after stroke
  • Zimbabwe’s Chamisa says victory is certain as he casts vote
  • Kenyan shilling holds firm against the dollar
  • Eskom workers down tools at some South African power stations
  • South Africa’s Massmart warns H1 profit could fall 26 pct
  • South Africa’s credit demand growth rises to 5.68 pct in June

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

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