#Africa #Markets | 16 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia shares subdued, May’s Brexit options eyed after crushing vote defeat
  • MSCI’s Asia-Pacific ex-Japan index down slightly
  • Australian shares gain 0.1 pct, Nikkei off 0.7 pct
  • US stocks end up on gains in tech, internet companies
  • Wall St also helped by China stimulus hopes, dovish Fed comments

Oil Markets

  • Oil prices dip on signs of economic slowdown, but OPEC-led cuts provide support
  • Brent crude futures down 0.3 pct at $60.46 per barrel (0146GMT)
  • US WTI crude futures down 0.4 pct at $51.88 a barrel

Precious metals

  • Gold prices rise as failed Brexit vote drags on dollar
  • Spot gold up 0.1 pct at $1,290.56 per ounce (0050GMT)
  • US gold futures up 0.2 pct at $1,290.60 per ounce

Grains

  • Soybeans edge higher, rebound from 2-wk low
  • Most active CBOT wheat futures up 0.3 pct at $5.12-1/2 per bushel (0121GMT)
  • Most active corn futures up 0.5 pct at $3.73-1/4 per bushel
  • Most active soy futures up 0.4 pct at $8.97 per bushel
  • Most active rice futures down 0.2 pct at $10.36 per hundredweight

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

  • South Africa’s state capture inquiry resumes today
  • Nigeria inflation data for Dec-18 expected [fcst. 11.6% yy, prev. 11.3%]
  • South Africa retail sales data for Nov-18 due [fcst. 0.6% yy, prev. 2.2%]
  • Day 2 of South Africa’s central bank MPC meeting; decision tomorrow, likely unchanged at 6.75%
  • Kenyan security in focus after terrorist attacks

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

  • Gunmen kill 15 in Kenya hotel compound attack claimed by Somali Islamists
  • US state department official confirms American killed in Kenya attack
  • British, American killed in militant attack in Kenya capital – mortuary
  • Ethiopia protesters end blockade of main highway to sea
  • East Libyan forces heading south to secure oil sites
  • Kenya minister: we have secured all buildings affected by militant attack
  • Tunisia govt, union fail to agree pay deal, strike likely
  • Back from medical leave, Gabon president appears in wheelchair
  • Pernod Ricard says Nairobi staff evacuated after hotel attack
  • Kenyan police: suicide bomber involved in Nairobi attack
  • Ivory Coast’s Gbagbo clear of war crimes, may return to politics
  • Vedanta tells top English court pollution case should be heard in Zambia
  • South African rand slips after dismal mining data
  • Runner-up in Congo poll dispute launches court appeal
  • ICC prosecutor says has right to appeal Gbagbo acquittal
  • Soldiers patrol Zimbabwe streets after protests kill three people
  • Africa Crude – Extra cargo added to Nigeria’s February programme
  • Germany’s SAP says all staff safe after Nairobi attack
  • Kenyan girl’s rescue shows community key to ending child marriage
  • eSwatini to ease ban on South African meat after foot and mouth outbreak
  • Kenya police chief: gunmen may still be at large in suspected “terror attack”
  • East Libyan forces heading south to secure oil sites
  • Three killed in Zimbabwe fuel price protests on Monday – police
  • Somali militants claim responsibility for attack in Kenya capital – spokesman
  • Protesters in Sudan want end to Bashir’s 30-yr rule
  • UK watchdog says has downgraded probe into Credit Suisse over Mozambique loans
  • Widespread looting in Zimbabwe’s second city – South Africa’s SABC
  • Zimbabwe to give public workers living allowance – minister
  • Ugandan shilling forecast to strengthen on coffee dollar inflows
  • Nigerian military clears Islamists from northeastern town
  • Southern African regional bloc calls emergency Congo election meeting
  • Helicopter fires teargas at protesters in Zimbabwe – Reuters witness
  • Uganda’s president “astonished” MTN charged less for telecom license renewal
  • South Africa’s November mining output down 5.6 pct y/y
  • Tanzania’s Bank M assets, liabilities transferred to Azania Bank
  • Sibanye-Stillwater has contingency plans for strike at platinum operations
  • Emerging market bond rally takes yields to lowest since May
  • Zimbabwe says it may need Russia to help modernise its army – RIA
  • Zimbabweans join stay-at-home protest after deadly clashes over price hikes
  • Top Senegalese chef backs ancient grain as next superfood

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

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