#Africa #Markets | 6 Feb

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Nikkei nudges up 0.3 pct, most markets flat
  • Dollar firm as sterling takes a dive amid Brexit unease
  • OPEC seeks oil pact with Russia-led group – WSJ

Oil Markets

  • Oil ticks higher
  • Brent up 7 cents at $62.05 a barrel (0153GMT)
  • US WTI up 8 cents at $53.74

Precious metals

  • Gold prices hold firm
  • Spot gold steady at $1,315 per ounce (0049GMT)
  • US gold futures steady at $1,319.10


  • Soybeans edge lower
  • Most active CBOT wheat futures up about 0.1 pct at $5.27-1/2 per bushel (0144GMT)
  • Most active corn futures down 0.1 pct at $3.80-1/4 per bushel
  • Most active soy futures down 0.1 pct at $9.19-1/2 ber bushel
  • Most active rice futures unchanged at $10.74 per hundredweight

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

  • Liberia’s Weah to visit Nigeria today
  • Guinea’s Conde to arrive Ethiopia for 3-day visit
  • South Africa opposition DA party leader to deliver alternative SONA; Ramaphosa’s tomorrow
  • South Africa SACCI business confidence for Jan-18 [prev. 95.2]

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

  • UN sees poverty hope in African uptake of child welfare payments
  • Egypt babies get blue ribbons as parents say ‘no’ to FGM
  • Ex-Ivory Coast president Gbagbo conditionally released to Belgium – court
  • Zimbabwe president invites opposition for talks as teachers strike
  • Egypt lawmakers pave way for Sisi to stay in power until 2034
  • Zambia infrastructure minister arrested on corruption charge
  • Africa Crude – Demand for Angolan stays firm, Europeans considering taking Nigerian
  • Sudan security forces use tear gas to disperse protesters
  • Tunisia inflation falls to 7.1 pct
  • Ethiopia finalising mining industry reforms – minister
  • Equatorial Guinea to offer Ophir’s old oil and gas block in April auction
  • South Africa’s competition regulator weighing impact of StanChart’s US fine
  • South Africa to unveil Eskom support package in coming days – Ramaphosa
  • Egypt net foreign exchange reserves at $42.616 bln at end Jan – cenbank
  • CAR signs peace deal with armed groups
  • Morocco’s unemployment rate drops to 9.8 pct in 2018 – planning agency
  • Equatorial Guinea to launch first mining license round in April
  • Foreign holdings in Egypt treasuries at $13.1 bln – deputy minister
  • Zambia receives bids for stake in state mining investment arm
  • IMF to conduct final review of Egypt loan programme in June – minister
  • Zimbabwe teachers strike patchy as reprisals feared
  • South Africa unions oppose potential split of power firm Eskom
  • Egypt targets GDP growth of 5.6 pct this fiscal year, 6 pct in FY 19/20
  • Egypt to raise gas output by 400 mln cubic feet this week – minister
  • Uganda shilling unchanged on slumping demand
  • Centrica, Tokyo Gas sign deal to purchase Mozambique LNG
  • VEON says aims to buy out Egypt’s Global Telecom for $600 mln
  • Kenyan shilling unchanged, seen firming
  • South Africa’s Amplats sees up to 2-fold jump in FY profit
  • Egypt non-oil private sector activity lags to slowest since Dec 2017 – PMI

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.