#Africa #Markets | 4 Feb

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia stocks quiet, dollar firm after upbeat US job data
  • Stocks subdued after Wall St’s mixed Friday performance
  • China markets closed all week for Lunar New Year

Oil Markets

  • Oil prices slip, but tightening supply outlook supports
  • Brent down 24 cents at $62.51 a barrel (0122GMT)
  • US WTI down 20 cents at $55.06 per barrel

Precious metals

  • Gold slips on firm dollar, robust US jobs data
  • Spot gold down 0.3 pct at $1,314.47 per ounce (0123GMT)
  • US gold futures down 0.2 pct at $1,320.1 an ounce

Grains

  • Soybean prices fall after hitting highest since June, wheat eases
  • Most active CBOT soybean futures contract down 0.1 pct at $9.16-3/4 per bushel (0130GMT)
  • Most active wheat futures down 0.1 pct at $5.23-3/4 a bushel
  • Most active corn futures unchanged at $3.78-1/4 per bushel

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

  • Kenya nurses go on strike today over allowances
  • Trial of suspended Nigeria chief justice Onnoghen to resume
  • Africa mining indaba in Cape Town starts (4-7 Feb); Ramaphosa keynote speaker
  • Malawi presidential candidates begin presenting nominations today
  • South Africa SACCI business confidence data for Jan-19 due [prev. 95.2]

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

  • Egypt to consider longer presidential term – lawmaker
  • Egypt hosts Palestinian groups, urges calm with Israel
  • South Africa disappointed after Western powers criticise policy in memo to Ramaphosa
  • Egypt’s short-term dollar debt drops to $14 bln – finance ministry
  • Egypt unveils ancient burial site, home to 50 mummies
  • CAR reaches peace deal with armed groups
  • Sudan PM says protesters’ economic demands are legitimate
  • Nigeria vice-president survives chopper crash weeks before election
  • South Africa’s EFF party says in election manifesto to nationalise mines
  • Russia sailors held in Cape Verde on suspicion of smuggling 9 tonnes of cocaine
  • Suicide car bomb explosion in Somalia leaves casaulties – police
  • Sudan man dies in detention after protests – family members
  • Belgium to take in Ivory Coast ex-president Gbagbo – Belga
  • East Africa nations approve individual trade pacts with EU if joint deal not reached
  • 4 Libya soldiers die in first clash of forces’ southward push
  • Ivory Coast ex-president Gbagbo freed by Hague court
  • After Nigeria army abandoned town, Boko Haram slaughtered at least 60
  • With mood volatile, Zimbabwe’s Mnangagwa denies rift with deputy
  • Africa Crude – Angolan nearly sold out, Nigerian offered at high levels
  • Emerging central banks’ tightening cycle grinds to a halt
  • Long persecuted, Tanzania albinos find acceptance growing slowly
  • Board of South Africa state pension fund resigns as scandal deepens
  • South Africa’s finance minister to name interim PIC board next week – spokesman
  • South Africa’s Eskom narrows funding gap with $1.1 bln loan
  • At fresh protests, Sudan police fire tear gas at demonstrators
  • Insecurity throws Nigeria election preparations into disarray
  • Emerging markets pull in $51.1 bln in January, highest in 12 mths – IIF
  • Nigeria’s pan-African bank UBA expands to Mali
  • Zambia fires CEO of state mining investment arm ZCCM-IH
  • Morocco set for fuel price caps by mid-March – minister
  • Uganda seizes ivory, pangolin scales worth an estimated $8 mln
  • Anadarko signs long-term deal with CNOOC for Mozambique gas
  • Egypt M2 money supply growth slows to 13.3 pct in December – c.bank
  • South Africa Absa PMI falls in January as business activity slips
  • Kenya shilling firms against the dollar

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

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