#Africa #Markets | 24 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares subdued as US political standoff, ECB decision eyed
  • MSCI ex-Japan slips into the red, Nikkei down 0.4 pct
  • China’s CSI, Hong Kong’s HSI down slightly
  • Bank of Korea leaves benchmark rate steady
  • Sterling hits 11-wk high vs dollar

Oil Markets

  • Oil prices steady, but global growth worries hold sway
  • Brent crude futures up 3 cents at $61.17 per barrel (0124GMT)
  • US WTI crude futures up 3 cents at $52.63 per barrel

Precious metals

  • Gold up as growth concerns, US govt shutdown weigh on dollar
  • Spot gold up 0.2 pct at $1,284.35 per ounce (0118GMT)
  • US gold futures steady at $1,283.80 per ounce

Grains

  • Soybeans hold steady, market eyes dry weather in South America
  • Most active CBOT wheat futures up 0.4 pct at $5.28-1/4 per bushel (0236GMT)
  • Most active corn futures up 0.1 pct at $3.79-1/4 per bushel
  • Most active soy futures unchanged at $9.15 per bushel
  • Most active rice futures down 0.3 pct at $10.73 per hundredweight

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

  • DRC’s Tshisekedi inauguration today
  • South Africa’s state capture inquiry continues
  • Day 2 of Ghana central bank 3-day MPC meeting; decision on Monday

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

  • Morocco foreign minister backs dialogue on Syria’s return to Arab league
  • Malawi president directs police to crack down on pre-vote violence
  • Congo’s Kabila says he is ‘without regret’ ahead of power handover
  • Egypt’s non-petroleum exports rose in 2018 to $24.8 bln
  • East Libyan forces call UN envoy “opponent”
  • Soccer – Egypt’s Ismaily thrown out of Champions League over crowd trouble
  • Congo records 1-day record of confirmed ebola cases
  • Tunisia’s foreign currency reserves rise after Saudi Arabia loan
  • Sudan accepted economic assistance from UAE, Russia and Turkey – oil minister
  • Zimbabwe soldiers accused of beatings amid protest crackdown
  • Popular Zimbabwe musician Mtukudzi dies
  • Africa Crude – Bonny Light, Qua offered at highest since mid-2014
  • Qatar emir hosts Bashir, backs “unity” in restive Sudan
  • Uganda firm uses blockchain to trace coffee from farms to stores
  • US welcomes court certification of new Congo president
  • Kenya seeks proposals for issuance of $2.5 bln eurobond – source
  • Kenya’s finance ministry confirms it sought eurobond proposals
  • Kenya to restrict second-hand imports to boost domestic car sector
  • EU approves assistance worth 305 mln euros for Tunisia
  • DAVOS – South Africa president assures central bank independence
  • France hands CAR war crimes suspect to ICC
  • Egypt suspends trading in Global Telecom after shares rise 10 pct – bourse
  • Ethiopia arrests ex-minister for mismanagement of funds – FANA
  • Uganda shilling firms as energy firms, other buyers stay on sidelines
  • Egypt bourse resets SODIC, MNHD prices after merger called off
  • Kenya shilling firms against the dollar amid tightening liquidity
  • South Africa’s consumer inflation slows to 4.5 pct y/y in December
  • Zimbabwe seeks wiser ways to use water amid erratic rains
  • First Quantum Minerals scraps plan to cut jobs in Zambia
  • Zimbabwe activist pastor seeks bail as hundreds face trial after protests

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

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