#Africa #Markets | 17 Sep

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares tripped up by new US tariff threat
  • Asia shares ex-Japan dip, Tokyo markets on holiday
  • Reports Trump to impose more tariffs on China at 10 pct
  • Markets awaiting details, reaction from Beijing

Oil Markets

  • Oil prices ease as trade row clouds demand outlook
  • Brent crude oil futures dip 0.2 pct at $77.93 a barrel (0035GMT)
  • US WTI crude futures down 0.3 pct at $68.79 a barrel

Precious metals

  • Gold treads water on reports new China tariffs imminent
  • Spot gold was flat at $1,193 an ounce (0039GMT)
  • Bullion fell last week for a third straight week
  • US gold futures down 0.2 pct at $1,198.20

Grains

  • Wheat jumps 1 pct, hits five-day high
  • Most active CBOT wheat futures up 0.9 pct at $5.16-1/4 per bushel (0042GMT)
  • Most active corn futures down 0.4 pct at $3.50-1/2 per bushel
  • Most active soy futures down 0.3 pct at $8.27-3/4 per bushel
  • Most active rice futures unchanged at $10.49 per hundredweight

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

  • South Africa consumer inflation data for Aug-18 due on 19 Sep [fcst. 5.6% yy, prev. 5.1%]
  • South Africa interest rate decision on 20 Sep [fcst. 6.5%, prev. 6.5%]

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

  • Egyptian archaeologists find sandstone sphinx in temple at Aswan
  • Sudan’s president brings back Zubeir as central bank governor
  • Ethiopian, Eritrean leaders sign peace agreement in Jeddah
  • Sudan inflation hits new highs in August – statistics agency
  • Athletics – Kenyan Kipchoge shatters marathon world record in Berlin
  • Sudan’s newly appointed finance minister rejects post – SUNA
  • South Sudan’s main rebel group accuses govt of violating ceasefire
  • Congo will declare cobalt and other minerals as “strategic” in coming days – mines minister
  • Exiled leader of Ethiopian rebel group returns home amid reforms
  • Islanders in Kenya build recycled plastic boat to highlight pollution
  • Chad army kills two civilians near Libyan border – sources
  • Egyptian court orders arrest of Mubarak’s sons over stock market manipulation
  • Rwanda frees jailed opposition figure Ingabire
  • Egypt signs oil, gas exploration deal with Shell, Petronas worth about $1 bln – statement
  • Tunisia ruling party suspends PM’s membership after row with president’s son
  • Nigerian finance minister Adeosun resigns over forgery claims
  • Nigeria fraud agency briefly at Standard Chartered’s office in Lagos
  • Nigeria’s Buhari accepts resignation of finance minister – presidency
  • Morocco’s trade deficit widens 10.1 pct y/y in Jan-Aug
  • Africa Crude – BP again bids for Nigerian, Angolan programmes awaited
  • South African rand enjoys strong week as Moody’s turns more upbeat
  • BP, Vitol go head to head in West African crude trading
  • Brazil’s BTG Pactual may keep Petrobras Africa stake – source
  • “Cartel” of Sierra Leone officials ran passport scam for US visas – anti-graft chief
  • Film on rape victims’ recovery shows unseen side of Congo war
  • Kenyan president proposes cutting fuel tax by half, to 8 pct
  • Anglo American asks Angola for permission to explore for metals
  • Tunisia will not impose new taxes in 2019 – prime minister
  • IMF says Kenya’s external position is strong as standby deal expires
  • Zimbabwe’s opposition leader postpones mock inauguration after cholera outbreak
  • Arid Niger a ‘model for Africa’ as desert blooms
  • In South Sudan ghost town, peace deal not yet a reality
  • Bharti Airtel picks banks for London floatation of Africa business – sources
  • IMF says will continue supporting Kenya’s reform efforts
  • Kenyan shilling expected to ease against the dollar
  • Investec to hive off asset mgt unit

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

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