#Africa #Markets | 2 Aug

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares face headwinds from fresh trade worries, bonds fragile
  • Asian shares little changed in early trade
  • Trade worries keep companies, investors cautious
  • Global bond yields up on higher US borrowing, BOJ

Oil Markets

  • Oil trades higher after two days of heavy losses
  • Brent crude futures up 0.4 pct at $72.64 a barrel (0055GMT)
  • US WTI crude futures up 0.4 pct at $67.92 a barrel

Precious metals

  • Gold prices rise slightly on steady dollar
  • Spot gold up 0.2 pct at $1,218.22 an ounce (0052GMT)
  • US gold futures down 0.1 pct at $1,226.80 an ounce

Grains

  • US soybeans fall for 2nd on China trade war fears
  • Most active CBOT wheat futures up 0.6 pct at $5.61-1/2 per bushel (0040GMT)
  • Most active corn futures up 0.2 pct at $3.80-1/4 per bushel
  • Most active soy futures down 0.5 pct at $8.97 per bushel
  • Most active rice futures unchanged at $11.88 per hundredweight

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

  • Release of Zimbabwe presidential poll results to start today
  • Mali presidential poll results to remain in focus

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

  • Canada’s Kinross Gold puts Mauritania mine expansion on hold
  • Congo declares new Ebola outbreak in eastern province
  • Nigeria’s Buhari to travel to UK for 10-day leave
  • Three killed as Zimbabwe troops, protesters clash after vote
  • Morocco’s King Mohammed sacks minister after urging action on economy
  • WHO moving staff and supplies to Congo’s new Ebola zone
  • Big crowds welcome home Congo presidential hopeful Bemba after long absence
  • Ghana central bank revokes licenses of five banks – statement
  • Madagascar’s former leader Andry Rajoelina says to seek presidency again
  • Zimbabwe opposition leader spokesman says army action unjustified
  • Zimbabwe police say 3 killed in Harare violence on Wednesday
  • Zimbabwe’s Mnangagwa says Harare violence meant to disrupt election
  • Armed raid on Tunisian bank treated as terrorism-related – official
  • Kenyans ask court to halt slum evictions as thousands lose homes
  • Libya’s coast guard picks up 574 migrants – navy spokesman
  • Randgold Resources’ Mali mine granted 4-yr, 50 pct tax concession
  • Kremlin critic vows to find killers of Russian TV crew in CAR
  • South African white lobby group calls ANC plan “catastrophic”
  • Zimbabwe police requested army help to quell post-election protests – spokesman
  • UN chief concerned by Zimbabwe violence, calls for restraint
  • Africa Crude – Demand for Angolan cargoes holds steady; arb gets pricier
  • South Africa’s rand, stocks recover from slip after ANC land move
  • Bank while you chat on WhatsApp with South Africa’s Absa
  • Ramaphosa ally Gordhan to oversee struggling South African Airways
  • Morocco’s King Mohammed VI sacks minister for economy and finance
  • EU to support Spain, Morocco on immigration, but funds limited
  • Mali candidates allege poll fraud ahead of result
  • Zimbabwe justice minister says army deployed to restore peace
  • Eskom says more South African power cuts likely due to protests
  • Ugandan hospitals hit by shortages of drugs, other supplies
  • Isuzu finds used car habit curbs East African industry growth
  • Migrant rescue ship Aquarius returns to sea after Italy-Malta dispute
  • Taking the land: ANC grasps South Africa’s most emotive issue
  • US policy on Zimbabwe hinges on transparency of election – lawmaker
  • Zimbabwe presidential election results expected from Thursday – electoral commission
  • SocGen prepares to exit South Africa, in talks with Absa – sources
  • Dissident Ethiopian group to return home amid reforms
  • Zimbabwe ruling party has two-thirds majority in parliament – official results
  • Congo police fire teargas at opposition leader Bemba’s supporters
  • EU sees several problems in Zimbabwe vote, questions presidential results delay
  • Zimbabwe opposition supporters confront police outside electoral commission centre
  • Gunmen strike convoy with Mali election materials, 12 killed in shootout
  • Kenyan shilling unchanged amid flows from remittances, coffee exports
  • Charity inflows help to support Ugandan shilling
  • SADC observer group says Zimbabwe election peaceful, orderly
  • South Africa’s Absa PMI up in July as new sales orders rise
  • Congo opposition leader arrives home for presidential bid
  • ArcelorMittal South Africa swings to H1 profit

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

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