#Africa #Markets | 17 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Stock markets mixed in Asia, pound finds some peace
  • China shares edge higher, S&P 500 futures ease
  • Beijing injects masses of cash into financial system
  • Huawei subject of US, German displeasure
  • Pound supported as May wins confidence vote

Oil Markets

  • Record US crude production weighs on oil prices
  • Brent crude futures down 0.6 pct at $60.98 per barrel (0140GMT)
  • US WTI crude futures down 0.6 pct at $52 per barrel

Precious metals

  • Palladium prices hit record on supply deficit, gold firm on rate views
  • Spot palladium up 0.1 pct at $1,360 (0051GMT)
  • Spot gold steady at $1,293.36 per ounce
  • US gold futures firm at $1,293 per ounce


  • Soybeans rebound from 3-wk low; trade woes curb gains
  • Most active CBOT wheat futures down 0.1 pct at $5.12 per bushel
  • Most active corn futures up 0.1 pct at $3.74-1/2 per bushel (0129GMT)
  • Most active soy futures up 0.1 pct at $8.95-3/4 per bushel
  • Most active rice futures up 0.5 pct at $10.52 per hundredweight

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

  • South Africa’s central bank to decide interest rates; likely unchanged at 6.75%
  • South Africa’s state capture inquiry continues

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

  • Kenya hotel siege over, militants and at least 21 victims dead
  • Powerful Tunisian union starts nationwide strike over pay
  • Gunmen kill more than 30 Tuaregs in ongoing Mali violence
  • Last ditch attempt by prosecutors to keep ex-Ivorian leader in custody
  • Militia groups battle in Libyan capital, breaking 4-mth truce
  • Tunisia PM says strike will be costly but can’t raise wages further
  • German court rules deported Tunisian should not be returned to Germany
  • Scores arrested, beaten as Zimbabwe police crack down on protests
  • Morocco’s economy set to grow 2.9 pct in 2019 – planning agency
  • Sudanese forces disperse hundreds of demonstrators in Kassala
  • Ethiopia says launches offensive against Oromo rebels
  • Kenya-based foreign firms pledge to stick to Nairobi after attack
  • Africa Crude – Sellers on sidelines as new progs awaited
  • Somali militants: Kenya attack revenge for Trump’s Jerusalem policy
  • Nigerian opposition candidate seeks to privatise state oil firm
  • Ethnic violence in Congo killed nearly 900 over a few days in December
  • Morocco’s economic growth to slow to 2.9 pct in 2019 – planning agency
  • South Africa’s rand, stocks lifted by strong retail data
  • Canadian kidnapped in northern Burkina Faso – security minister
  • Nigerian opposition candidate says he would remove multiple exchange rate
  • ICC judges reject request to keep ex-Ivorian leader Gbagbo in jail
  • US 9/11 survivor, Kenyan “buddies” and Briton among Nairobi victims
  • Tunisair says strike to disrupt flight schedule
  • Nearly 900 killed in ethnic violence in Congo in mid-December – UN
  • Fifty people believed in Nairobi complex at time of attack still unaccounted for
  • Zimbabwe pastor Mawarire charged with inciting public violence – lawyer
  • Zimbabwe’s Mnangagwa says on trip to Russia, Davos to win investment
  • Kenya shilling gains ground; recovers after weakening over attack
  • Ex-Ivory Coast leader Gbagbo intends to return home – daughter
  • Egypt secures $1.2 bln from China EximBank for light rail to new capital – minister
  • South Africa’s retail sales up 3.1 pct y/y in November
  • ICC prosecutor: Retrial possible for acquitted Ivorian ex-leader Gbagbo
  • Nigeria opposition candidate Abubakar says committed to privatising state oil firm
  • Russia’s Uralchem in talks to buy a stake in Zimbabwe’s Chemplex
  • Uganda shilling seen weakening amid energy, manufacturing demand uptick
  • Prosecutors intend to appeal acquittal of ex Ivory Coast leader Gbagbo – filing
  • Nigeria inflation rises to 7-mth high at 11.44 pct y/y in Dec
  • Zimbabwe police fire teargas to disperse crowd queuing for bread
  • Tullow Oil’s 2019 output to rise as Ghana production ramps up
  • Uneasy calm in Zimbabwe amid stay-at-home fuel price protest
  • Tullow 2019 output to rise to as much as 102,000 boe/d
  • Zimbabwe’s Econet suspends internet services on govt order – statement
  • South Africa aims to finalise long-term energy plan next month – minister
  • South Africa’s ANC will not tamper with central bank’s independence
  • Small Ivorian cocoa exporters seek relief on commitments – sources
  • Ford and IBM among quartet in Congo cobalt blockchain project

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

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