#Africa #Markets | 3 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Apple warning, China worries hit Asian shares; ‘flash crash’ jolts currencies
  • MSCI Asia ex-Japan -0.4 pct, Asia tech shares hit harder
  • US stock futures fall over 1 pct after Apple warning
  • China shares volatile as economy slows
  • Currency ‘flash crash’ sends yen soaring

Oil Markets

  • Oil drops as volatile markets supply surge unsettle investors
  • Oil supply surge is creating glut
  • Saudi Arabia expected to cut Feb physical crude prices
  • Brent down 0.8 pct at $54.45 a barrel (0453GMT)
  • US WTI crude futures down 1.7 pct at $45.75

Grains

  • Soybeans near 2-wk high on Brazil weather conditions
  • Most active CBOT wheat futures up 0.3 pct at $5.08 per bushel (0138GMT)
  • Most active corn futures down 0.1 pct at $3.75 per bushel
  • Most active soy futures up 0.1 pct at $9.08 per bushel
  • Most active rice futures unchanged at $10.35 per hundredweight

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

  • South Africa’s high school exam results to be released today

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

  • New Barrick eyes several options to end Tanzania tax dispute – CEO
  • Congo warns of vote result delay as tallies trickle in
  • Algeria shuts southern borders to Syrians over security fears
  • Somalia orders top UN official to leave
  • Zimbabwe’s Delta Beverages to accept cash only amid currency crunch
  • In Yemen, world’s worst cholera outbreak traced to eastern Africa
  • Ethnic clashes kill in Burkina Faso as security worsens
  • Deputy governor of South Africa’s central bank resigns
  • Africa Crude – Angolan supply ample, China buying subdued
  • Sudan restricts social media access to counter protest movement
  • Total starts production at Nigeria’s deepwater Egina oilfield
  • Morocco’s growth slows to 2.7 pct in Q4 2018 – planning agency
  • Egypt exporting 520 mln cubic feet of LNG per day from Idku plant – official
  • Nigeria’s crude output rises to 2.09 mln bpd in 2018
  • Uganda shilling a touch weaker as players eye demand uptick

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

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