#Africa #Markets | 21 Aug

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia stocks capped, dollar drops following Trump comments
  • MSCI Asia-Pacific index up 0.02 pct, Nikkei down 0.6 pct
  • Trump accuses China, Europe of manipulating their currencies
  • Trump also reiterates displeasure at Fed’s rate hikes
  • Dollar/yen slips to near 3-mth low, US yields brush 6-wk though

Oil Markets

  • Oil edges up on US sanctions against Iran, but trade dispute weighs
  • Brent crude oil futures up 3 cents at $72.24 per barrel (0104GMT)
  • US WTI crude futures up 24 cents at $66.67 per barrel

Precious metals

  • Gold prices extend gains as dollar sags after Trump remarks
  • Spot gold up 0.3 pct at $1,197.24 an ounce (0054GMT)
  • US gold futures up 0.5 pct at $1,200.60 an ounce

Grains

  • Soybean prices fall on US-China trade war worries
  • Most active CBOT wheat futures down 0.5 pct at $5.59-1/2 per bushel (0139GMT)
  • Most active corn futuures down 0.1 pct at $3.76-1/4 per bushel
  • Most active soy futures down 0.6 pct at $8.88-1/4 per bushel
  • Most active rice futures unchanged at $10.27 per hundredweight

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

  • Eid celebrations across most of Africa today

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

  • Morocco reinstates compulsory military service for under-25s
  • Morocco’s king appoints new minister for economy and finance – statement
  • South Africa’s Land Bank says land expropriation could trigger default
  • Soccer – Arsene Wenger to get honour for helping George Weah’s career
  • Angola seeks IMF financial support as growth lags
  • Soccer – With minutes left, Nigeria avoids international soccer ban
  • Ugandan police disperse lawmaker protests with tear gas
  • Africa Crude – Nigerian supply may reach 3-mth high in October
  • South Africa’s rand firmer, focus on US-China trade talks
  • South Sudan plans public spending jump, with few details on funding
  • Thousands arrive to collect food supplies in South Sudan Nyal
  • Zuma influence-peddling inquiry opens; judge seeks more witnesses
  • South Africa’s Impala Platinum flags wider full-year loss
  • South Africa’s Transnet to clamp down on unauthorised spending
  • Mali’s top court confirms Keita as presidential election winner
  • South Africa’s Transnet annual revenue up 11 pct as coal exports rise
  • Uganda shilling weaker as banks’ demand weighs
  • Ethiopian Airlines, Zambia to relaunch national airline at cost of $30 million
  • Kenyan shilling holds steady against dollar
  • Nairobi Securities Exchange suspends trading of Kenya’s ARM Cement
  • Ivory Coast bank woes threaten to slow early cocoa purchases
  • South Africa’s Sasol FY profit drops as power outages hit production
  • AngloGold swings back into H1 profit, Obuasi mine reboot on track

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

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