#Africa #Markets | 19 Feb

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares near 4-mth high, buoyed by trade optimism
  • Asian shares, Japan’s Nikkei flat in early trade
  • Hopes of progress in US-China talks buoy mood
  • Palladium hits record high, gold near 10-mth peak

Oil Markets

  • Brent eases from 2019 highs as markets await trade talks outcome
  • Brent down 42 cents at $66.80 per barrel (0220GMT)
  • WTI down 12 cents at $55.71 per barrel

Precious metals

  • Gold steady near 10-mth high; palladium hits record level
  • Spot gold little changed at $1,326.10 per ounce (0048GMT)
  • US gold futures up 0.5 pct at $1,328.9 per ounce


  • Soybeans edge higher as traders hope for US-China trade deal
  • Most active CBOT wheat futures up 0.1 pct at $5.04-3/4 per bushel (0129GMT)
  • Most active corn futures up 0.3 pct at $3.75-3/4 per bushel
  • Most active soy futures up 0.3 pct at $9.10-1/2 per bushel
  • Most active rice futures unchanged at $10.09 per hundredweight

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

  • South Africa state capture inquiry continues
  • Nigeria main opposition PDP party holds 1st key meeting after polls postponement; ruling APC party held its own yesterday

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

  • 2 policemen killed in blast in Cairo, Egypt
  • Army to be “ruthless” against tampering in Nigeria’s postponed vote – Buhari
  • Oil gains as investors grow optimistic over OPEC output deal
  • Nigeria’s electoral commission allows resumption of campaigning after vote delay – statement
  • Workers at Port Sudan container terminal strike over concession deal
  • Uber agrees to pay VAT in Egypt – tax chief
  • South African billionaire Motsepe says he won’t buy Eskom assets
  • South African Airways in talks to roll over $650 mln of debt
  • Africa Crude – Angola April programme emerges, Nigeria’s awaited amid election delay
  • Nigeria’s election delay triggers stock market selloff
  • ‘Africans are tired’: hairdresser hopes for change as Senegal election nears
  • Athletics – Semenya accuses IAAF of breach of regulations at CAS hearing
  • Nigeria’s main opposition party accuses Buhari of ‘jungle justice’ threat
  • Kenya’s domestic debt refinancing risks rise as more bonds mature
  • 4 Zimbabwe generals retired in Mnangagwa’s first purge of military
  • Nigerian assets fall as election delay fuels uncertainty
  • Nigeria’s Buhari says reasons for election delay should be investigated after vote
  • Zimbabwe opposition politician fined over election results
  • Kenya shilling edges up against the dollar
  • Nigeria president [holds] emergency meeting with ruling party over election delay
  • Nigeria eurobond yields rise after surprise election delay
  • South Africa’s Bosasa to cease trading as banks close accounts
  • South Africa state airline to be split into three – CEO
  • Uganda shilling steady, investor interest in govt debt to help
  • South Africa’s Bosasa applies for liquidation as banks close accounts
  • South Africa Amplats lost 14,000 platinum ounces during last week’s power cuts
  • South Africa Amplats profit nearly doubles on higher prices, improved operations

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

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