#Africa #Markets | 22 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares, US stock futures dented by growth worries
  • MSCI Asia ex-Japan down 0.5 pct, Nikkei flat
  • US stock futures in negative territory
  • IMF downgrades world growth forecasts again
  • US China trade ties, Brexit key risks for world economy

Oil Markets

  • Oil prices edge down as global growth worries threaten demand
  • Brent crude futures down 0.2 pct at $62.64 per barrel (0106GMT)
  • US WTI crude futures down 0.1 pct at $53.70 a barrel

Precious metals

  • Gold steady on global growth concerns, but firm dollar dents appeal
  • Spot gold mostly unchanged at $1,279.61 per ounce (0050GMT)
  • US gold futures down 0.3 pct at $1,278.90 per ounce

Grains

  • Soybeans rise for four straight session on trade optimism
  • Most active CBOT wheat futures up 0.2 pct at $5.19 per bushel (0133GMT)
  • Most active corn futures down 0.1 pct at $3.81-1/4 per bushel
  • Most active soy futures up by about 0.3 pct at $9.19 per bushel
  • Most active rice futures down 0.4 pct at $10.58 per hundredweight

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

  • Nigeria central bank to decide on interest rates [fcst. 14.0%, prev. 14.0%]
  • South Africa state capture inquiry to continue
  • South Africa inquiry into state pension manager to continue
  • Nigeria’s chief justice Onnoghen may be arraigned at code of conduct tirbunal today [Focus to be on whether authorities would obey court order not to]
  • Nigeria’s presidential candidates on the campaign trail

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

  • Barrick explores options for Zambia copper mine under pressure from taxes
  • Hundreds protest demonstrator’s death in Sudan – witnesses
  • Sudan’s Bashir to visit Qatar amid ongoing unrest at home
  • Nigeria opposition candidate plans central bank overhaul – spokesman
  • Kenya stops another suspected al Shabaab attack – police
  • South Africa’s Multichoice sweetens Naspers split with dividend plan
  • France summons Italy envoy after Di Maio’s comments on Africa
  • Sudan freezes credentials of two journalists covering protests
  • Zimbabwe court says internet shutdown illegal as more civilians detained
  • Italy’s Di Maio repeats attack on French policies in Africa
  • Zimbabwe’s Econet Wireless says restores all internet and social media services
  • Africa Crude – Nigerian diffs stay at 10-mth highs, buyers wary
  • Nigeria’s ruling party accuses opposition of plotting pre-vote violence
  • South Africa’s Multichoice plans inaugural dividend of $181 mln
  • Total to go ahead with Ikike oil project in Nigeria
  • South African rand retreats, Naspers lifts stocks
  • Uganda plans restrictions on artists
  • Madagascar retains Christian Ntsay as its prime minister – official
  • South Africa’s Naspers given green light to list pay-TV business
  • African leaders back Congo president-elect after contested poll
  • Fourteen miners killed in Rwanda tin mine after hill collapses due to heavy rain
  • Zuma to record anti-apartheid songs for history project
  • South Sudan starts pumping extra 15,000 bpd of crude oil from Unity fields
  • Zimbabwe court rules minister had no authority to order internet shutdown
  • Burkina Faso president Kabore names former health minister as PM
  • Nigeria commodities king Dangote targets foreign markets in sales push
  • South Africa’s Shoprite to appeal $1.4 mln competition fine
  • Egypt sends RFP to banks for international bond issue
  • Zimbabwe crackdown challenged in court, opposition leaders in hiding
  • Uganda shilling firms as charity, commodity inflows help
  • Kenya lawmaker proposes raising cap on commercial lending rates
  • Kenya shilling firms amid remittance inflows
  • After Westgate debacle, quick end to latest Kenyan attack shows progress
  • South Africa turned down Zimbabwe request for $1.2 bln loan in December

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

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