#Africa #Markets | 21 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia stocks calm as China slows, awaits Brexit news
  • Asia shares ex-Japan up 0.4 pct, China blue chips advance
  • S&P futures little changed with US on holiday
  • China GDP slows to 6.4 pct in Q4, industrial output beats
  • Market awaits Plan B on Brexit from British PM May

Oil Markets

  • Oil rises to 2019 highs on strong China demand despite economic slowdown
  • China’s 2018 crude runs hit record 12.12 mln bpd
  • Strong demand despite GDP growth at 28-yr low
  • OPEC-led supply cuts also support crude prices
  • US rig count slows, output rises
  • Brent crude futures up 0.4 pct at $62.94 per barrel (0404GMT)
  • US WTI crude futures up 0.5 pct at $54.05 per barrel

Precious metals

  • Gold prices inch up on Fed rate pause hopes
  • Spot gold up 0.2 pct at $1,282.71 per ounce (0103GMT)
  • US gold futures steady at $1,282.50 per ounce

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

  • South Africa’s state capture inquiry continues
  • Nigeria’s presidential candidates on the campaign trail

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

  • Al Qaeda-linked grou claims responsibility for attack on UN peacekeepers in Mali
  • Gap between rich and poor growing, fuelling global anger – Oxfam
  • Congo political crisis deepens as top court rejects vote challenge
  • Zimbabwe crackdown a taste of things to come, president’s spokesman warns
  • African Union postpones Congo talks on contested election
  • Israel and Chad revive diplomatic relations, call for closer security ties
  • After Westgate debacle, quick end to latest Kenyan attack shows progress
  • Sudan unrest enters second month with protests in Omdurman
  • Egypt H1 of year to June budget deficit 3.6 pct of GDP – presidency
  • Congo opposition candidate Fayulu declares himself president
  • Congo top court declares Felix Tshisekedi winner of presidential poll
  • News photographer killed in Tripoli clashes
  • US says its air strike kills 52 militants who attacked Somali base
  • Tunisian union calls new nationwide strike to press wage demands
  • Zimbabwe public workers reject latest wage offer after protests
  • Kenyan authorities investigate local role in Nairobi attack
  • Burkina Faso cabinet resigns – TV statement
  • Hundreds detained after Zimbabwe protests as UN denounces crackdown
  • Nigeria’s NNPC paid $993.7 mln cash call arrears by September
  • Tens of thousands cut off from aid in northeast Nigeria after attack
  • Africa Crude – Sonangol said to award term cargoes, Nigerian firm
  • South African rand weaker on less hawkish c.bank stance
  • Zimbabwe court rules pastor Mawarire to stand trial for subverting govt
  • Zimbabwe’s Econet says received govt order to open up internet access
  • Jailed ex-Mozambique finmin drops South Africa bail plan
  • Eastern Libyan force says it killed senior al Qaeda operative
  • As prices soar, Zimbabweans haunted by memories of hyperinflation
  • Drought, animal disease threaten South African farmers
  • Tunisia to almost double gas production this year
  • Saudi Arabia plans oil refinery, petchem plant in South Africa
  • ICC delays release of Ivory Coast ex-leader Gbagbo despite acquittal
  • SocGen and Absa join forces on wholesale banking in Africa
  • Mali’s gold production up 23 pct in 2018
  • China Moly to increase stake in Congo’s Tenke copper mine to 80 pct
  • Algeria sets April election, no word on Bouteflika candidacy
  • Congo rejects AU demand to delay final election result
  • UN calls on Zimbabwe to halt crackdown, firing on protesters
  • Dozens killed, wounded in wake of Congo election results – UN
  • Uganda shilling unchanged as importer demand slows
  • Kenya police detain 9 in connection with deadly hotel attack
  • South Africa’s Aveng sells water treatment engineering business

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

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