#Africa #Markets | 20 Aug

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia shares inch up, cautious on Sino-US trade talks
  • Eyes on Sino-US trade talks touted for this week
  • Nikkei flat, KOSPI leads Asia shares higher
  • Dollar off highs, focus on China yuan and Turkish lira

Oil Markets

  • Oil dips on concerns of slowing economic growth
  • Brent crude oil futures down 5 cents at $71.78 per barrel (0019GMT)
  • US WTI crude futures down 4 cents at $65.87 per barrel

Precious metals (17 Aug)

  • Spot gold down 2.6 pct for week ended 17 Aug; biggest weekly loss since May 2017
  • US gold futures 0.2 pct up at $1,186.40 an ounce
  • Silver, platinum, palladium all suffered losses for the week ended 17 Aug

Grains (17 Aug)

  • Wheat tops 1-wk high on worries Russia may curb exports
  • Traders say Russia to consider limits, ministry denies
  • Soy, corn futures pare losses in late trading
  • Crop tour to assess US soy, corn crops in week of 20 August

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

  • South African inflation data for July [fcst. 4.7% yy, prev. 4.6%]
  • Botswana interest rate decision [fcst. 5.0%, prev. 5.0%]

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

  • At least 19 killed by Islamists in northeast Nigeria – survivor
  • Muslims begin annual hajj pilgrimage amid heavy rain
  • One dead as Ugandan police quell protest over mistreatment of lawmakers
  • Egyptian monks sent to trial over killing of bishop
  • President Buhari returns to Nigeria after 2-wk leave
  • Italian minister calls for sanctions on Malta over migrants
  • Dubai ends 9-day losing streak as Turkey impact eases, Egypt soft
  • Iran says no OPEC member can take over its share of oil exports – SHANA
  • Cyprus hands Egyptian plane hijacker over to Cairo – statement
  • Former UN chief and Nobel peace laureate Kofi Annan dies aged 80
  • For some Egyptians, camels make a bigger and better Eid sacrifice
  • Madagascar president, former presidents to run in Nov 7 vote
  • Ghana mourns death of Annan, “one of our greatest compatriots”
  • Kenya’s Nation Media Group says its H1 pretax profit drops 35 pct
  • Kenya’s ARM Cement put under administration – PwC statement
  • Militia threat hampers ebola fight in Congo as disease kills 47
  • In northeast Nigerian camp, 1 in 200 young children ‘died over 2 weeks’
  • Tackling ebola in Congo conflict zone an ‘unprecedented’ challenge
  • Africa Crude – Key Nigerian programmes emerge amid overhang
  • South Africa’s rand slides as lira plunge triggers EM sell-off
  • Algeria’s Bouteflika sacks 2 senior army generals – presidency
  • Tunisia says it is holding passport of Islamist suspect deported by Germany pending probe
  • Somali Puntland forces recapture strategic town from al Shabaab – officer
  • EU deplores “brutal treatment” of Ugandan MPs after president’s convoy stoned
  • Nigerian journalist freed on bail after citing letter from police chief, paper says
  • Higher living costs, fees force many Egyptians to drop hajj plans
  • Leftists rattle rand with plan to nationalise South Africa’s central bank
  • South Africa’s central bank says nationalisation bill won’t impact its independence
  • Gemfields shares fall after Zambia tax authority issues search warrants
  • Sierra Leone sacks central bank governor
  • Nigeria central bank to sell Chinese yuan in second auction – traders
  • Rolling summer blackouts weigh on Libya’s struggling traders
  • WHO expects more ebola cases in Congo, can’t reach no-go areas
  • Kenyan shilling weakens due to importer dollar demand
  • Sudan wants India’s ONGC Videsh to withdraw arbitration over oil payment dues

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

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