#Africa #Markets | 11 Feb

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares slip, looming US-China trade talks in focus
  • US border deal deal talks collapse, govt shutdown looms
  • Dollar index near 6-wk high

Oil Markets

  • Oil prices fall as US rig count rise, trade concerns
  • US Wood River refinery outage weighs on WTI
  • Rosneft pressures Putin to end supply cuts with OPEC
  • But US sanctions against Venezuela support crude prices
  • Brent down 0.8 pct at $61.61 per barrel (0347GMT)
  • US WTI down 1.2 pct at $52.09 per barrel

Precious metals

  • Gold prices hold firm on trade, growth concerns
  • Spot gold steady at $1,313 per ounce (0059GMT)
  • US gold futures firm at $1,317 per ounce

Grains

  • Soybean prices inch up, creep away from 3-wk low
  • Most active CBOT wheat futures unchanged at $5.17-1/4 per bushel (0112GMT)
  • Most active corn futures up 0.1 pct at $3.74-3/4 per bushel
  • Most active soy futures up about 0.2 pct at $9.16 per bushel
  • Most active rice futures down about 0.1 pct at $10.36 per hundredweight

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

  • Nigeria’s judicial council to decide suspended chief justice Onnoghen’s fate today
  • South Africa state capture inquiry resumes
  • African Union meeting of heads of state continues in Addis Ababa

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

  • Libyan force stops plane in campaign for south
  • Egypt forecasts weaker average exchange rate for FY 2018/19
  • Sudan security forces use tear gas to break up women’s protest
  • Zimbabwe teachers’ unions suspend national strike
  • Egypt sees average oil price of $67 for 2019-20 budget
  • Algeria’s president Bouteflika to seek fifth term – APS agency
  • Final investment decision for Mozambique gas block seen by March-April
  • Egypt core inflation rises to 8.6 pct y/y in January – cbank
  • UN-recognised govt of Libya says its forces reach El Sharara oilfield
  • South Sudan to return to pre-war oil production levels by mid-2020: minister
  • South Africa’s Eskom to implement power cuts over capacity constraint
  • Egypt’s annual urban consumer inflation rises to 12.7 pct in Jan – CAPMAS
  • East Libya forces launch air strikes near el Feel oilfield – engineer
  • 7 jailed for life over Tunisia musuem, hotel massacres
  • Algeria energy revenue up 15 pct in 2018, trade deficit down
  • Marriott teams up with Kuwait Projects on St Regis resort in Morocco
  • Scores of Chadian rebels held after French air strikes
  • Chad army says more than 250 rebels held after French airstrikes
  • Libya’s NOC discusses Sharara oil field crisis with Repsol
  • Sudan forces fire tear gas at Khartoum mosque – witnesses
  • Africa Crude – Nigeria differentials down on port power failure
  • EU wheat recovers from 2-mth low as Egypt demand lends support
  • Libya arrests suspected al-Qaeda leader, source says
  • Uganda frees BBC journalists detained over drugs investigation
  • Ivory Coast pariliament speaker resigns ahead of possible presidential run
  • India’s Bharti Airtel unit to merge with Telkom Kenya
  • Morocco recalls envoy to Saudi Arabia for consultations – Morocco media
  • Mandela’s life and legacy celebrated in London exhibition
  • Rand volatility rises as investors turn bearish after Ramaphosa speech
  • Zimbabwe miner RioZim again suspends production over dollar payments
  • Glencore’s Zambia unit suspends operations after 3 workers die in fire
  • South Africa’s NUM union tells Ramaphosa to scrap Eskom split plan
  • Kenya shilling unchanged as importer demand is matched by remittance flows
  • South Africa’s Harmony Gold expects drop in half-year earnings per share
  • South Africa’s Eskom bonds rise on Ramaphosa’s pledge to split utility

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

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