#Africa #Markets | 3 Aug

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia stocks capped, dollar at 2-wk high as trade war dents confidence
  • MSCI Asia-Pacific index up 0.05 pct, Nikkei up 0.25 pct
  • Lingering trade woes continue to curb risk appetite
  • Dollar index reaches 2-wk peak amid trade tensions
  • Crude dips after rally, copper headed for steep weekly loss

Oil Markets

  • Oil edges lower as supply concerns return
  • Brent crude futures down 0.2 pct at $73.32 a barrel (0052GMT)
  • US WTI crude futures down 5 cents at $68.91 a barrel

Precious metals

  • Gold holds steady near 1-yr low
  • Spot gold up 0.1 pct at $1,209.15 an ounce (0050GMT)
  • US gold futures down 0.2 pct at $1,217.20 an ounce

Grains

  • Wheat rallies to linger near 3-yr high, set to finish week up 7 pct
  • Most active CBOT wheat futures up 1.1 pct at $5.66-3/4 per bushel (0241GMT)
  • Most active corn futures up 0.3 pct at $3.82-1/4 per bushel
  • Most active soy futures down 0.5 pct at $8.92-3/4 per bushel
  • Most active rice futures down 1.7 pct at $11.44 per hundredweight

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

  • DRC’s Kabila in Angola; arrived 2 Aug
  • South Africa Standard Bank PMI for Jul-18 due [prev. 50.9]

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

  • Mali election heads to run-off between President Keita and rival Cisse
  • Zimbabwe’s Mnangagwa wins first post-Mugabe election
  • Zimbabwe opposition rejects presidential election result – MDC
  • Congo ebola outbreak poses high regional risk, says WHO
  • Ebola in Congo outbreak is Zaire strain which can be vaccinated against
  • Congo opposition leader Bemba files presidential candidacy
  • London court rules DP World Djibouti contract “valid and binding” – Dubai govt
  • WHO sees complex vaccine and security questions in ebola response
  • Listing values Nigerian fertiliser maker Notore at $330 mln
  • South Africa’s rand falls hit by growing trade tension, stocks falter
  • Rising heat will chill poor countries’ economies, costing billions
  • Zimbabwe death toll after election violence rises to six – police
  • Zimbabwe’s Chamisa reluctant to challenge results in court
  • Africa Crude – Demand for Nigerian cargoes thin
  • South African gold producers make new wage offer to unions
  • WHO warns there may be no vaccine option for new ebola outbreak
  • Angola’s Sonangol brings in helicopter firms to restructure air division
  • Zimbabwe police storm opposition MDC offices, detain 16 people – Reuters witness
  • Egypt’s GASC buys 240,000 T Russian and Romanian wheat
  • Nigerian fertiliser maker Notore lists 1.6 bln shares at 62.50 naira each
  • Cameroon cocoa arrivals down 10 pct on Anglophone region violence
  • South Africa’s Solidarity union accepts latest Eskom wage offer
  • UK says Zimbabwe soldiers must return to barracks
  • Nigerian Naira seen easing, other currencies stable; in week ahead
  • South African platinum producer Implats to slash 13,400 jobs as costs bite
  • Libya’s Attahadi gas field halts production
  • South African regulators prohibit Murray & Roberts from seeking Aveng tie-up
  • Comoros leader says wins vote to extend presidential term limits
  • Zimbabwe police seal off opposition MDC headquarters – party SG
  • WHO says ebola team arrives in Congo
  • Tanzania’s Bank M taken over by central bank
  • Growing wealth brings rise in deadly conflict in northern Ghana
  • Zimbabwe president’s spokesman says no order issued by army to clear capital
  • Kenyan parliamentary panels call for finance minister to be investigated
  • Tunisian foreign reserves fall to 70 days worth of imports
  • Kenya Airways says flights back to normal after fog disruptions
  • Uganda’s Cipla Quality Chemical Industries says plans IPO, listing
  • Russian investigators may go to Central African Republic to probe TV crew killing
  • Embassy urges US citizens to avoid central Harare after gunshot reports
  • South Africa’s Eskom launches up to $1.5 bln bond sale – source
  • EU calls for calm in Zimbabwe after election violence
  • Eskom starts cheap with comeback deal
  • Zimbabwe soldiers order Harare shops to close
  • Britain urges calm after post-election violence in Zimbabwe
  • Kenyan shilling unchanged amid flows from remittances, coffee exports
  • China says Zimbabwe election was “orderly”
  • Commonwealth denounces “excessive” force by Zimbabwe security services
  • Impala Platinum says could sell South African shafts slated for closure
  • Zimbabwe’s Mnangagwa says talking to opposition to defuse tension
  • AngloGold to swing to H1 profit on higher output, cost reductions
  • South Africa’s Liberty sees H1 profit rise as turnaround gains traction
  • South African platinum miner Implats says to slash 13,000 jobs
  • Ethiopia reform push faces major snag; red tape

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

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