#Africa #Markets | 30 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Apple relief steadies stocks
  • Investors await Fed, US-China talks
  • Investors expect dovish Fed, focus on balance sheet
  • Apple CEO says US-China tensions easing this month
  • Pound falls after UK parliament vote

Oil Markets

  • Oil prices rise on Venezuela supply concerns following US sanctions
  • Brent crude futures up 0.3 pct at $61.49 per barrel (0333GMT)
  • US WTI crude futures up 0.2 pct at $53.43 a barrel

Precious metals

  • Gold holds near 8-mth highs on trade concerns, Fed rate views
  • Spot gold steady at $1,311.41 per ounce (0050GMT)
  • US gold futures up 0.1 pct at $1,310 per ounce

Grains

  • Wheat rebounds from near 2-wk low; demand concerns cap gains
  • Most active CBOT wheat futures up 0.2 pct at $5.14 per bushel (0117GMT)
  • Most active corn futures up 0.2 pct at $3.78 per bushel
  • Most active soy futures down 0.1 pct at $9.18-1/4 per bushel
  • Most active rice futures up about 0.1 pct at $10.73 per hundredweight

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

  • South Africa state capture inquiry continues
  • Nigeria main opposition presidential challenger Abubakar townhall/Q&A today
  • South Africa PSCE data for Dec-18 due [fcst. 5.2% yy, prev. 5.6%]
  • South Africa M3 data for Dec-18 expected [fcst. 5.7% yy, prev. 5.7%]

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

  • Renewable power surge in Africa faces a shortout: not enough workers
  • UN finds at least 15 mass graves in Congo after December violence
  • Nigeria central bank injects $210 mln into currency market
  • More than 130 African migrants feared drowned off Djibouti – UN
  • Egypt arrests 54 suspected of planning violence on uprising anniversary
  • Zimbabwe’s lawyers march to demand justice for jailed protesters
  • Thousands flee Nigeria city into Cameroon fearing militant attack – UNHCR
  • Africa Crude – Nigeria diffs hold, Congo supply to rise
  • Zimbabwe teachers to strike from next week over pay – union
  • Sudan security chief orders release of detained protesters
  • Foreign buyers snapped up Egypt 5-yr bonds in auction
  • Zimbabwe activist pastor facing subversion charge released on bail
  • Kenya has room to refinance govt debt, central banker says
  • Libya’s El Sharara oilfield won’t reopen until occupiers leave – NOC
  • South Africa to debate whether to split Eskom – Gordhan
  • Zimbabwe lawyers march to demand justice for jailed protesters
  • Algeria replaces broad import ban with duties up to 200 pct
  • Canada’s M2 cobalt miner encouraged by initial drilling in Uganda
  • South Africa’s Absa seeking external replacement for retiring CEO
  • Rwanda cabinet extends central bank governor term by 6 years
  • Ugandan shilling firmer on offshore investor flows
  • Kenya shilling weakens due to end month dollar demand
  • Kenya central bank governor says bank credit risk is easing
  • PZ Cussons sees lower full year profit as Africa challenges mount
  • Angola readying first trip to borrowing markets since IMF deal

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

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