#Africa #Markets | 15 Feb

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian stocks fall after weak US data, crude oil buoyant
  • MSCI Asia-Pacific index falls 0.8 pct
  • Nikkei down 1.2 pct
  • US retail sales post biggest fall since Sept 2009
  • Eyes on US-China trade talks, meeting with Xi

Oil Markets

  • Oil hits 2019 highs on OPEC cuts, US sanctions
  • Brent to average $70/bbl in 2019 – BoAML
  • Brent up 0.6 pct at $64.97 per barrel (0450GMT)
  • US WTI up 0.6 pct at $54.70 per barrel

Precious metals

  • Gold prices firm as dollar eases on grim US retail sales
  • Spot gold little changed at $1,312.82 per ounce (0009GMT)
  • US gold futures up 0.1 pct at $1,315 an ounce

Grains

  • Soybeans rebound from 3-wk low
  • Most active CBOT wheat futures up about 0.1 pct at $5.07-1/4 per bushel (0211GMT)
  • Most active corn futures up about 0.1 pct at $3.75 per bushel
  • Most active soy futures up about 0.1 pct at $9.04-3/4 per bushel
  • Most active rice futures unchanged at $10.19 per hundredweight

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

  • Nigeria inflation data for Jan-19 expected [fcst. 11.3% yy, prev. 11.4%]
  • Bank of Uganda townhall event today
  • Kenya digital ID pilot registration starts today
  • Kenya roll call of striking nurses today; absentees to be dismissed

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

  • MTN Uganda CEO deported from country over national security
  • US military denies taking part in raid on al Qaeda site in Libya
  • Eritrea refugees flown to Niger from Tripoli – UN
  • Egypt central bank cuts key interest rates after inflation eases
  • Cameras spot Kenya’s rare black panther
  • Security forces round up protesters in central Khartoum, Sudan
  • Nigeria ‘Delta Avengers’ militants vow to cripple economy if Buhari re-elected
  • Nigeria’s Buhari says govt is committed to free, fair and peaceful election
  • Nearly 1,000 Madagascar children dead of measles since October – WHO
  • Eskom split to minimise risks to South Africa, Ramaphosa says
  • Women shut out of Nigeria’s poll by violence, fraud and sexism
  • Africa Crude – Nigeria election in focus after militant threat
  • Egypt lawmakers back changes that could keep Sisi in power till 2034
  • Sudan refugee detained on Manus Island wins prestigious human rights price
  • Uganda economy seen expanding at 6.3 pct in 2018/19 – IMF
  • Sibanye-Stillwater may cut nearly 6,000 jobs in gold shake-up
  • Tanzania hydrowpower dam to cost more than double govt estimate – study
  • South Africa’s Ramaphosa says Eskom split will minimise risks to economy
  • Vast Resources set to mine Zimbabwe diamond territory – minister
  • Sudan pound falls to record low on black market
  • Kenya shilling firm, draws support from offshore investors
  • Kenya court sentences police officer to death for killing detainee
  • South Africa’s NUM union warns ANC over Eskom split plan
  • Uganda shilling holds steady as firms settle their taxes
  • At least 23 illegal Zimbabwean gold miners feared dead after shafts flooded
  • Kenya’s KenGen to raise funds from the market this year, eyes green bond
  • South Africa’s December mining output down 4.8 pct y/y
  • Huawei to build data centres in South Africa
  • South Africa’s Eskom extends power cuts, rand slides
  • South Africa’s rand breaches $14 as Eskom sours outlook

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

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