#Africa #Markets | 29 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia shares slip as China’s Huawei in legal hot water
  • Investors wary about growth after Caterpillar, Nvidia results
  • Markets eye US-China trade talks, Fed policy meeting

Oil Markets

  • Oil prices edge up on US sanctions against Venezuela
  • US slaps sanctions on Venezuela state oil firm PdVSA
  • Washington supports Venezuela opposition leader as President
  • Analysts say global oil supply ample despite sanctions
  • Brent up 0.3 pct at $60.08 per barrel (0215GMT)
  • WTI up 0.3 pct at $52.17 a barrel

Precious metals

  • Gold hits 7-mth peak on Fed pause views, trade tensions
  • Spot gold up 0.1 pct at $1,304.42 per ounce (0115GMT)
  • US gold futures steady $1,302.80 per ounce

Grains

  • Soybean prices fall as US-China trade tensions mount
  • Most active CBOT wheat futures down 0.2 pct at $5.17-3/4 per bushel (0131GMT)
  • Most active corn futures down 0.1 pct at $3.79-1/4 per bushel
  • Most active soy futures down 0.3 pct at $9.20-3/4 per bushel
  • Most active rice futures down 0.1 pct at $10.71 per hundredweight

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

  • South Africa’s state capture inquiry continues

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

  • Angola readying first trip to borrowing markets since IMF deal
  • Cameroon’s main opposition leader Kamto arrested for protest
  • Nigeria adjourns trial of top judge suspended by president
  • Children who survived Boko Haram attacks recover through drama, art
  • Zimbabwe unions issue new strike ultimatum after wage talks deadlock
  • Soccer – Former African Player of the Year Bwalya’s ban cut on appeal
  • Burkina Faso jihadist clashes kill 14, including soldiers
  • Africa Crude – Nigerian crude diffs soften as overhang persists
  • Egypt foreign remittances up 5.7 pct in first 11 months of 2018
  • Angola FX reserves at “low point”, fiscal consolidation needed – Treasury sec
  • Angola will revise budget if oil trends below $68/bbl – Treasury sec.
  • France’s Macro tells Egypt’s Sisi human rights go together with stability
  • South African retailer Pepkor grows quarterly revenue 6 pct
  • Bankers see central bank behind surprise rise of Egyptian pound
  • Kenya central bank holds main lending rate at 9.0 pct
  • Eastern Libya govt delegation visits key southern city of Sabha
  • “Age is no obstacle” – Egyptian swimmer still a champion at 76
  • Zambia’s mining investment arm ups stake in Copperbelt Energy
  • Algeria plans solar energy tenders to tackle rising electricity needs
  • Angola to hold first diamond auction
  • Kenyan bank KCB looks to M&A deals for growth – CEO
  • Judge questioned ex-France president Hollande over murder of reporters in Mali
  • Soccer – African Nations Cup pushed back a week for Ramadan
  • Electricity-hungry Cameroon boosts solar energy in push for rural power
  • South Africa’ govt keen to see SAA debt restructured soon
  • Egypt picks banks to manage international bond issues
  • Sudan’s Bashir fights for survival as protests spread

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

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