#Africa #Markets | 22 Feb

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia shares fall as weakening global outlook offsets trade progress
  • MSCI Asia ex-Japan down 0.1 pct
  • China home price growth eases in January
  • Aussie dollar rebounds as officials seek to reassure investors

Oil Markets

  • Oil prices fall as US crude output hits record 12 mln bpd
  • Brent down 0.3 pct at $66.87 per barrel (0326GMT)
  • WTI down 0.2 pct at $56.84 per barrel

Precious metals

  • Gold prices rise on trade talk optimism; Fed stance limits gains
  • Spot gold up 0.2 pct at $1,325.52 per ounce (0548GMT)
  • US gold futures unchanged at $1,328.1 per ounce

Grains

  • Wheat prices edge up, but set to finish week down more than 2 pct
  • Most active CBOT wheat futures up 0.3 pct at $4.87-3/4 per bushel (0156GMT)
  • Most active corn futures up 0.1 pct at $3.75-3/4 per bushel
  • Most active soy futures down about 0.1 pct at $9.10-1/2 per bushel
  • Most active rice futures up about 0.1 pct at $10.40 per hundredweight

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

  • South Africa’s state capture inquiry continues; Eskom chair Mabuza to testify
  • Nigeria on public holiday ahead of key elections tomorrow

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

  • Sime Darby Plantation considers exiting West Africa palm oil operations – sources
  • Eastern Libya military forces claim control of El Feel oilfield
  • Libya El Feel oilfield output still around 75,000 bpd, reports of fighting not correct – engineer
  • Africa Crude – Sonangol sells all April cargoes in firm market
  • Algeria’s president to visit Switzerland for medical checks – presidency statement
  • After Eskom bailout, focus shifts to South Africa’s credit rating
  • South African insurer Discovery could consider future acquisitions
  • Nigeria’s Buhari, Atiku make final pitches for support before delayed vote
  • Zimbabwe’s currency reality check puts plaster on deep wound
  • South Africa’s Truworths first-half earnings drop on lower spending
  • Nigeria’s Zenith Bank sees loan growth in 2019 as economy recovers
  • Higher South African spending limit will not weaken policy credibility – Moody’s
  • Nigeria’s electoral commission says 86.6 pct of voting cards collected
  • Eskom support will weigh on South Africa’s finances – S&P Global
  • Sudan security forces arrest prominent party leaders – opposition member
  • AMCU plans to extend Sibanye gold strike to other South Africa miners
  • Congo police executed 27 in anti-gang operation – Human Rights Watch
  • Global sovereign debt to jump to $50 trillion – S&P Global
  • South Africa’s Woolworths axes dividend from Australian business to ease debt
  • South Africa’s Eskom bailout could reach 150 bln rand
  • South Africa’s state firms, wages top risks to public finances – finmin
  • Nigeria opposition candidate Atiku Abubakar would continue Niger Delat amnesty programme – policy advisor
  • South Africa’s AMCU plans sympathy strike at Sibanye platinum shafts
  • Uganda shilling holds steady due to sluggish demand for dollars
  • Algeria military plane crash kills two – ministry
  • South Africa’s AMCU union plans sympathy strikes at Amplats, Lonmin
  • MTN Uganda denies it understates revenues, says it is fully tax-compliant
  • South Africa’s MTN says chief of Iranian associate to retire

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

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