#Africa #Markets | 18 Feb

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia bulls dare to hope on trade talks, stimulus
  • Nikkei rises to 2019 high after Wall St gains
  • Investors wager on progress at Sino-US talks in Washington
  • Signs mount major central banks turning reflationary

Oil Markets

  • Oil hits 2019-high on OPEC supply cuts, US sanctions on Iran & Venezuela
  • Brent up 0.3 pct at $66.47 a barrel (0051GMT)
  • WTI up 0.5 pct at $55.89 per barrel

Precious metals

  • Gold at 2-wk high on trade deal hopes; palladium peaks
  • Spot gold up 0.3 pct at $1,324.80 per ounce (0324GMT)
  • US gold futures up 0.4 pct at $1,327.8 an ounce

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

  • South Africa state capture inquiry to resume for the week; testimony from national treasury team to be heard

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

  • Hit by wilder weather, Botswana’s farmers seek welfare payments
  • Tunisia workers kidnapped in Libya have been freed – foreign ministry
  • Mozambique ex-president’s son arrested in $2 bln fraudulent debt case
  • Kenya summons its ambassador to Somalia as territorial row escalates
  • Nigeria candidate says delayed presidential vote could be compromised
  • Egypt’s Pyramids turned into marathon venue
  • Paramount Group in talks to develop Africa’s defence industry
  • Sudan fruit seller dies choking on tear gas fired at protesters – family
  • South Africa sseeks to reopen costly renewables deals to help Eskom
  • South Africa wants lower power prices from older renewables projects – minister
  • Tunisia police and protesters clash after death at police station
  • Nigeria presidential poll postponed, oppostion slams decision
  • 15 Egypt troops killed or wounded in North Sinai – military
  • NBA and FIBA to launch pro league in Africa
  • Zimbabwe rescuers pull 22 bodies from mine, 8 more found alive
  • Islamic State claims North Sinai attack, says 20 Egyptian troops killed
  • Athletics – Ethiopia’s Tefera breaks world indoor 1,500m record
  • Nigeria commission says transport delays behind vote postponement
  • Sahel instability spreading to coastal West Africa – Burkina Faso
  • Congo’s Virunga park reopens eight months after deadly ambush
  • Sudan lawmakers postpone amendment to keep Bashir in power
  • Nigeria opposition candidate accuses govt of hoping to disenfranchise electorate
  • Nigeria opposition candidate Atiku Abubakar urges voters to be patient
  • Nigeria’s president appeals for calm after election delay
  • Zimbabwe rescuers pull out 8 trapped miners alive
  • Nigeria presidential election postponed to Feb. 23 – INEC chair
  • Nigeria presidential election could be delayed in some areas – diplomatic, govt sources
  • Sudan policeman dies from wounds after protesters stone vehicle – spokesman
  • Tunsia oil refinery workers kidnapped in Libya – activist
  • Morocco set on capping fuel price despite regulator’s disapproval
  • Kenya activist death in botched abortion spotlights ‘killer’ backstreet clinics
  • South African Airways to pay Comair $78 mn to settle competition case
  • Frustrated relatives lose hope of finding trapped Zimbabwe miners alive
  • Africa Crude – Nigerian trade pauses ahead of election
  • Anadarko closes in on final Mozambique LNG decision
  • Tunisia economy grew 2.5 pct in 2018 vs 1.9 pct in 2017
  • Citgo Petroleum to dismiss workers in Aruba over US sanctions – prime minister
  • South African rand heads for over 3 pct weekly loss on power crisis
  • South Africa ex-ambassador to Iran arrested in MTN investigation
  • South Africa says has up to 60 tcf of offshore gas potential
  • Ex-Mozambique finance minister denied bail in South Africa
  • South Africa withdraws arrest warrant for Zuma friend Gupta
  • Egypt thwarts bomb attack on Cairo security sources – ministry
  • MTN Group reiterates no money was given to ex-ambassador to Iran
  • Anadarko closes in on final Mozambique LNG decision with another supply deal
  • Morocco’s competition council advises against fuel price cap
  • Rape still endemic with South Sudan’s Unity state despite peace –UN
  • Nigeria’s suspended chief judge charged as election nears
  • Uganda shilling steady; forecast to weaken due to importer dollar demand
  • Ex-intelligence head, chair of 3 state-run companies arrested in Mozambique – source
  • Grand parade to close Dunkin’, Baskin Robbins in South Africa
  • Uganda deports MTN CEO over ‘national security’ concerns
  • Kenya shilling in firm position amid offshore investor flows
  • Nigeria inflation falls to 11.37 pct in January as election nears
  • Zimbabwe inflation quickens to 56.9 percent in January
  • South Africa’s Eskom suspends power cuts but warns system vulnerable
  • South Africa’s Gold Fields FY proft slumps as production drops
  • US military denies taking part in raid on al Qaeda site in Libya

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

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