#Africa #Markets | 1 Aug

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares rise, but US tariff plan puts focus back on trade war
  • MSCI Asia-Pacific ex-Japan index up 0.2 pct, Japan’s Nikkei up 0.6 pct
  • Shanghai up 0.5 pct in early trade

Oil Markets

  • Oil extends decline after biggest monthly slump in two years
  • Brent crude futures down 0.4 pct at $73.92 a barrel (0044GMT)
  • US WTI crude futures down 0.6 pct at $68.32 a barrel

Precious metals

  • Gold steady ahead of Fed statement
  • Spot gold unchanged at $1,223.45 an ounce (0050GMT)
  • US gold futures down 0.1 pct at $1,222.40 an ounce

Grains

  • Soybean prices fall 1 pct on worries US-Sino trade war could intensify
  • Most active CBOT wheat futures up 0.3 pct at $5.55-1/4 per bushel (0125GMT)
  • Most active corn futures down 0.2 pct at $3.85-3/4 per bushel
  • Most active soy futures down 1.0 pct at $9.09-1/2 per bushel
  • Most active rice futures down 0.3 pct at $11.88 per hundredweight

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

  • Zimbabwe vote count of 30 July polls in focus; as some results released amid opposition outcry of mischief
  • Results of 29 July Mali polls in focus as well; run-off likely

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

  • Egyptian forces kill five suspected militants north of Cairo – ministry
  • Nigeria’s Senate president quits ruling party in new blow to Buhari
  • South Africa’s ANC to amend constitution to allow land expropriation
  • Tunisia allows boat with migrants to dock after leaving it stranded for two weeks
  • Third candidate claims place in Mali election run-off
  • Nigeria central bank sells $210 mln on FX market after yuan auction
  • Egypt military court sentences poet to prison for insulting army
  • Germany urges US court to dismiss lawsuit over Namibia genocide
  • Angola’s Isabel dos Santos misses summons from prosecutors
  • Three European journalists killed in Central Africa Republic ambush
  • South Africa’s rand firms as trade surplus jumps, stocks up
  • Zimbabwe opposition accuses commission of delaying poll results
  • Africa Crude – Demand stays strong for Angolan cargoes; Nigerian diffs flag
  • UN says migrants’ return to Libya by Italian boat could be illegal
  • South Africa’s Eskom starts power cuts after labour unrest
  • Burundi reversing school pregnancy ban not enough to protect girls – campaigners
  • Zimbabwe group preparing election court action, opposition says
  • South Sudan arrests prominent economist and critic, wife says
  • Trump suspends duty-free status for clothes imports from Rwanda
  • Kenya’s inflation rises to 4.35 pct y/y in July
  • Egypt’s M2 money supply up 18.49 pct y/y in June – c.bank
  • Nigeria recalls 2.4 mln bottles of codeine cough syrup
  • Farming, tourism to boost Kenya 2018 growth to 6.2 pct – c.bank head
  • South Africa’s trade surplus jumps to 12 billion rand in June on metals exports
  • Exposure to debt-stricken cocoa exporter rocks Ivory Coast banks
  • South Africa faces power cuts as Eskom power units down – internal report
  • Zimbabwe observer group concerned about independence of electoral agency
  • Ugandan shilling little changed, end-month flows offer help
  • Shell to make final investment call on Nigeria oilfield in 2019 – official
  • Poachers kill rhino in Kenyan national park – agency
  • Angola’s Isabel dos Santos misses summons from prosecutors
  • Migrants’ return to Libya by Italian boat could breach international law – UN
  • 3rd candidate claims place in Mali election run-off
  • Disruptions hit Arnot power station in South Africa amid protests
  • Turkish steel makers eye exports to West Africa amid US tariff setbacks
  • Opponents of Congo’s Kabila lead presidential race – poll
  • South Africa’s Q2 unemployment rate rises to 27.2 pct
  • Zimbabwe electoral body says vote was fair; 1st results due from 3pm
  • South Africa’s Eskom says high risk of power outages
  • Kenyan shilling firm against dollar on tight liquidity
  • Kenya central bank head sees 2018 economic growth at 6.2 pct
  • South African rand falls after China manufacturing growth slows

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

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