#Africa #Markets | 6 Aug

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian stocks cheer move by China’s central bank, but trade war weighs
  • MSCI ex-Japan rises for a second day, Nikkei up 0.4 pct
  • PBOC move helps support Chinese assets, Australian dollar
  • Investors still jittery over Sino-US trade spat
  • Gold off 17-mth lows on weaker US dollar

Oil Markets

  • Oil prices edge up after Saudi output dips, US drilling stalls
  • Brent crude oil futures up 5 cents at $73.26 per barrel (0101GMT)
  • US WTI crude futures up 0.2 pct at $68.61 per barrel

Precious metals

  • Gold extends recovery as dollar steadies
  • Spot gold up 0.1 pct at $1,214.76 an ounce (0056GMT)
  • US gold futures little changed at $1,223.4 an ounce

Grains

  • Soybeans dip as US-China trade war escalates
  • Most active CBOT wheat futures down 0.5 pct at $5.53-1/2 per bushel (0044GMT)
  • Most active corn futures down 0.1 pct at $3.83-3/4 per bushel
  • Most active soy futures down 0.2 pct at $9.00-1/4 per bushel
  • Most active rice futures down 0.2 pct at $11.48 per hundredweight

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

  • South Africa manufacturing data due tomorrow
  • Some African inflation data also expected during the week
  • SADC summit 9-18 Aug

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

  • South Sudan govt and rebels reach peace deal
  • Oil from South Sudan’s wahda region to be pumped to Sudan from Sept 1 – Al Bashir
  • Italy praises Egypt over ongoing investigation into student’s death
  • Ebola vaccinations in eastern Congo due to begin on Wednesday
  • Three dead after bomb blast in centre of Somalia’s capital Mogadishu
  • Cape Town mayor quits after settling disupute with South African opposition
  • Egyptian forces kill 52 militants in Sinai – military
  • Eastern Congo ebola outbreak believed to have killed 33 – health ministry
  • Unrest spreads in eastern Ethiopia afte deployment of troops
  • Zimbabwe opposition members in court over post-election violence, victims buried
  • Ethiopian army clashes with local govt paramilitaries – witness
  • UK says deeply concerned by Zimbabwe election violence
  • Eritrean Airlines starts regular flights to Addis, improving relations – minister
  • Ethiopia’s PM Abiy sets up team to advise on privatisation
  • Zimbabwe’s Mnangagwa promises probe of post-election killings, urges unity
  • US says reviewing results of Zimbabwe election
  • Congo opposition leader Katumbi refused entry at border
  • Kenya court releases man jailed for 20 years for ivory smuggling
  • IMF urges Mozambique to rely on grants, concessional loans given debt distress
  • South Sudan’s Salva Kiir: New peace deal will not collapse
  • Zimbabwe’s Mnangagwa calls for commission to examine how soldiers were deployed in Harare
  • Ethiopian prosecutors to charge five over rally blast attended by PM
  • Africa Crude – Nigerian crude sells slowly
  • South Africa’s Eskom closes in on wage deal with unions
  • Congo to use ebola vaccine as early as next week – health minister
  • Eskom buys time with market comeback
  • South Africa’s Sibanye-Stillwater forecasts first-half profit
  • Zimbabwe opposition to purse legal challenge to election result
  • IMF makes significant progress in talks with Kenya
  • Gas production at Egypt’s 9B field to begin in October – minister
  • Mnangagwa says freedom of speech indispensable in “new Zimbabwe”
  • Zimbabwe police chase away journalists waiting for briefing by opposition leader
  • Congo to use ebola vaccine as early as next week – health minister
  • Cameroon cocoa production rises 9.5 pct in 2017/18 season
  • Ethiopian prosecutors to charge five over PM rally blast – Fana
  • Kenyan shilling flat amid thin appetite by banks
  • Ugandan shilling a touch weaker as demand by banks weighs
  • WHO says woman’s ebola death in hospital was “trigger event”
  • South Africa’s Imperial Holdings sees FY profit up as much as 16 pct
  • Kenya’s HFC expects refinancing firm to solve home funding pitch
  • South Africa’s NUM to seek members approval on latest wage offer by Eskom
  • Zimbabwe oppositon leader demands “proper, verified” election results
  • South Africa’s Ramaphosa appeals to Zimbabweans to accept poll results
  • Zimbabwe’s Mnangagwa calls for unity after winning presidential election

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

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