#Africa #Markets | 25 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia stocks firm, euro sags after dovish ECB
  • Asia stocks hit 7-week high, supported after US techs surge
  • Markets brace for events such as US-China trade talks
  • Euro near 6-wk low after dovish comments from ECB Draghi

Oil Markets

  • Oil price jump as US threatens sanctions against Venezuela
  • Amid turmoil, Washington threatens Venezuela with oil sanctions
  • Global oil markets well supplied as US output surges
  • Barclays cuts 2019 oil price forecast
  • Brent crude futures up 1.3 pct at $61.89 a barrel (0246GMT)
  • US WTI crude futures up 1.5 pct at $53.90 per barrel

Precious metals

  • Gold firm on global growth worries, US govt shutdown
  • Spot gold firm at $1,280.66 per ounce (0059GMT)
  • US gold futures steady at $1,279.90 per ounce

Grains

  • Soybeans edge lower as US warns trade deal with China “miles away”
  • Most active CBOT wheat futures down 0.2 pct at $5.20-1/4 per bushel (0143GMT)
  • Most active corn futures unchanged at $3.77 per bushel
  • Most active soy futures down 0.2 pct at $9.14-1/2 per bushel
  • Most active rice futures down about 0.1 pct at $10.67 per hundredweight

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

  • Final day of Ghana central bank MPC meeting; announcement of decision on Monday
  • Zimbabwe civil servants may go on industrial action today

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

  • Protests rock Sudanese cities, one more dead
  • South Sudan soldiers “unhealthy” due to food theft – Kiir
  • Sudan protests death toll rises to 29 – investigatory committee
  • 8 years after uprising, Egyptians say freedoms have eroded
  • Zimbabwe declares popular musician Mtukudzi national hero
  • Nigerian Chibok girls’ champion Ezekwesili quits presidential race
  • Africa Crude – Nigerian holds strong, tenders in focus
  • Madagascar names new finance minister, part of a leaner cabinet
  • Cairo book fair’s gleaming new site opens far from historic market
  • Nigerian court gives order to stop trial of top judge
  • South African rand firms; Vodacom slumps on revenue slowdown
  • New Congo president Tshisekedi calls for unity after divisive election
  • Zimbabw army says “bogus” soldiers behind beatings
  • Ebola survivors turn disease fighters as Congo outbreak rages on
  • New Congo president resumes inaugural address after being taken ill
  • DAVOS – Boss of South Africa’s Absa bank rules out Nigerian acquisition
  • Algeria economic growth up to 2.3 pct in 2018 – finmin
  • South Africa’s Eskom should be split, experts to tell president – sources
  • Protests break out in Sudanese cities, police fire tear gas – witnesses
  • Member of Sudan intelligence service killed in clash with army troops – statement
  • South Africa’s RBCT says 2018 coal exports fall
  • South Africa withdraw corruption charges against Zuma’s son
  • Russia’s Alrosa, China’s Anjin to mine Zimbabwe diamonds – newspaper
  • Uganda leader wants MTN to list shares on local exchange
  • Kenya shilling gains supported by remittances, investors buying debt
  • Anglo says Q4 copper output at 5-yr high
  • South African consumer confidence holds steady – survey
  • South Africa’s Vodacom reports quarterly slowdown in growth
  • South Sudan embraces old enemy Sudan, now rocked by protests

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

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