#Africa #Markets | 28 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Stocks advance after US govt reopens for now
  • Asia lifted after end to US govt shutdown boosts Wall Street
  • US-China trade talks, Brexit steps and Fed eyed for cues

Oil Markets

  • Oil prices fall on rising US rig count, economic slowdown
  • Brent crude futures down 0.4 pct at $61.37 per barrel (0027GMT)
  • US WTI crude futures down 0.6 pct at $53.37 per barrel

Precious metals

  • Gold prices hold above $1,300 on US rate pause hopes
  • Spot gold down 0.1 pct at $1,301.37 per ounce (0114GMT)
  • US gold futures up 0.2 pct at $1,300.61 per ounce


  • Soybeans ease from 2-wk high, wheat prices rebound
  • Most active CBOT soybean futures down 0.2 pct at $9.23 per bushel (0158GMT)
  • Most active wheat futures up 0.6 pct at $5.23 a bushel
  • Most active corn futures down 0.1 pct at $3.80 per bushel

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

  • Ghana interest rate decision expected [fcst. 17.0%, prev. 17.0%]
  • Kenya interest rate decision today [fcst. 9.0%, prev. 9.0%]
  • South Africa’s state capture inquiry continues
  • Liberia’s Weah to deliver his 2nd state of nation address today
  • 2nd day of France’s Macron visit to Egypt

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

  • Nigeria rejects foreign “meddling” over chief justice suspended before Feb vote
  • Islamic State claims responsibility for killing 30 Nigerian soldiers – Amaq
  • Saudi Arabia frees Ethiopian-born tycoon amid flurry of releases
  • Sudan’s Bashir says protesters trying to copy Arab Spring
  • New ‘Long Live Tunisia’ party born, to be led by PM
  • Sudan’s Bashir fights for survival as protests spread
  • Egypt opens new international airport in Giza for trial fights
  • Rwanda opposition figure says she won’t be deterred by detention
  • Blast near cinema in downtown Nairobi, Kenya injures two – police
  • Ivory Coast president does not rule out running for third term in 2020
  • Nigeria opposition party pauses election campaign over suspension of judge
  • UK says Nigeria judge suspension risks perceived credibility of polls
  • EU observers “very concerned” about Nigeria judge suspension – statement
  • Russia warns against setting deadlines for Libya elections
  • Nigeria’s Buhari suspends chief judge, drawing opposition ire before election
  • South Africa’s Naspers invests $1.16 bln in Russia classifieds platform Avito
  • Africa Crude – Spot muted, India’s IOC takes a VLCC
  • Nigeria opposition candidate Abubakar calls judge suspension act of dictatorship
  • Policy chief of South Africa’s biggest opposition party quits
  • Kenya court’s hijab ban ruling sparks fears over Muslim girls’ schooling
  • Ethiopia to charge restive region’s former leader with civil war plot
  • IMF’s Lagarde says will recommend approval of next Egypt loan tranche
  • Zimbabwe pastor’s bail bid deferred; Amnesty says children being held
  • Sudan opposition leader says Bashir “must leave” as hundreds march
  • Sierra Leone bans FGM in clampdown on secret societies
  • CAR soccer executive faces war crimes judges in The Hague
  • Macron faces diplomatic test in Egypt amid human rights pressure
  • South Africa arms firm eyes India deals on Ramaphosa visit
  • Morocco to widen dirham currency band when conditions permit
  • Libya’s NOC cuts off gas supply to JV with Norway’s Yara
  • Two UN peacekeepers killed in Mali – statement
  • South Africa farmers seek $220 mln in drought aid
  • Ebola spreads to high risk area of Congo – WHO
  • UN investigating ‘surge’ in FGM in Uganda
  • Egypt won’t sign Rafale jet deal during Macron visit – Elysee
  • Uganda shilling firmer as charity flows meet flat demand
  • Drought cost South Africa’s farms $510 mln in past year – survey
  • Kenya shilling strengthens to 3-mth high against the dollar

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

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