#Africa #Markets | 7 Feb

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

#Global #Markets

  • Asian shares inch up to 4-mth highs, NZ$ takes a dive
  • Asia ex-Japan shares tick up, Australia leads gains
  • Nikkei slips, S&P 500 futures down too
  • Dollar holds gains as kiwi slides on jobs data

#Oil #Markets

  • Oil falls as US maintains record output, inventories climb
  • But #OPEC cuts, #Venezuela crisis tighten market
  • #Brent futures down 0.4 pct at $62.43 per barrel (0247GMT)
  • US #WTI futures down 0.3 pct at $53.84 per barrel

#Preciousmetals

  • Gold prices hold near 1-wk lows on stronger dollar
  • Spot #gold steady at $1,306.81 per ounce (0050GMT)
  • US #gold futures down 0.3 pct at $1,310.70

#Grains

  • #Soybeans snap 4-day rally as South American crop crunch woes ease
  • Most active #CBOT #wheat futures down 0.4 pct at $5.23-3/4 per bushel (0227GMT)
  • Most active #corn futures down 0.1 pct at $3.79-1/2 per bushel
  • Most active #soy futures down 0.2 pct at $9.20-1/4 per bushel
  • Most active #rice futures down 0.8 pct at $10.49 per hundredweight

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

  • #SouthAfrica state of the nation #SONA address by #Ramaphosa today
  • 2nd day of #Guinea’s #Conde visit to #Ethiopia
  • #SouthAfrica foreign exchange reserves #FXR data for Jan-19 expected [prev. $51.64B]

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

  • Sudan’s Bashir softens tone dramatically, says reporter to be released
  • #Libya’s sovereign wealth fund #SWF chairman detained – official
  • Eastern #Libya forces take over El Sharara oilfield
  • #US halts military assistance to #Cameroon over #humanrights concerns – official
  • #Nigeria leader’s ally says foreigners who intervene in poll face ‘body bags’
  • #France jets strike #Chad rebels to head off Deby destabilisation
  • ‘The corpses were lying on the streets’: #Nigeria refugees flee Boko Haram
  • Staff picket HQ of #SouthAfrica’s #Eskom over potential job cuts
  • #Africa Crude – #Nigeria diffs hold, but overhang and low European demand loom
  • #SouthAfrica’s #Sibanye-Stillwater expects 2019 EBITDA to double, eyes gold acquisitions
  • #Ethiopia ex-official pleads not guilty to fomenting ethnic violence
  • #Guinea not flexible on #Simandou #infrastructure – minister
  • #Zimbabwe’s opposition MDC snubs #Mnangagwa talks, wants outside mediator
  • Rights group accuses #BurkinaFaso army of executions following anti-militant operations
  • #Angola’s Endiama sees #diamond output rising to 13.8 mln carats by 2022
  • #Algeria brain drain is pre-election headache for govt
  • #SouthAfrica arrests whistle-blower #Agrizzi on #corruption charges
  • #Tunisia teachers protest for higher wages, better work conditions
  • #Egypt’s #centralbanks has received $2 bln tranche of #IMF loan – MENA
  • #Egypt #unemployment drops to 8.9 pct in Q4 2018 – prime minister
  • #Nigeria orders 12 military aircraft from #Brazil’s Embraer
  • #Congo 2018 copper output up 12. 9 pct to 1.2 mln T – Chamber of Commerce
  • #SouthAfrica #businessconfidence index falls in January
  • #AtlasMara begins strategic review as #Diamond takes a back seat
  • #UN-backed govt dispatches force to #Libya’s Sharara #oil field, al Jazeera TV says
  • #Egypt’s Zohr #gas field output rises to 2.1 bln cubic feet per day

N.B. Full stories of above headlines are available @Reuters, @ReutersAfrica

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