#Africa #Markets | 25 Feb

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • China shares surge as Trump offers tariff respite
  • Trump tweets he will delay tariff increase on China
  • Asia stocks ex-Japan at 5-mth high, Nikkei gains
  • Shanghai blue chips extend rally, up 20 pct for 2019
  • Safe-haven yen eases as Aussie dollar, yuan rise

Oil Markets

  • Oil prices firm on hopes for US, China trade deal
  • Brent up 0.2 pct at $67.26 a barrel (0005GMT)
  • WTI up 0.2 pct at $57.38 per barrel

Precious metals

  • Gold gains as dollar sags against yuan on China tariffs delay
  • Palladium peaks at 1,506.50/oz
  • Platinum rises to 3-mth high
  • Spot gold up 0.3 pct at $1,331.43 per ounce (0348GMT)
  • US gold futures up 0.1 pct at $1,333.50 per ounce

Grains

  • Soybean prices hit highest in nearly 2 weeks on US-China trade deal
  • Most active CBOT wheat futures up 0.4 pct at $4.93-3/4 per bushel (0116GMT)
  • Most active corn futures up 0.8 pct at $3.78-1/4 per bushel
  • Most active soy futures up 1.04 pct at $9.19-3/4 per bushel
  • Most active rice futures up 0.3 pct at $10.43 per hundredweight

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

  • Collation of Nigeria presidential poll results starts today; results likely to be announced Tuesday or Wednesday
  • Counting of Senegal presidential ballots ongoing; results to be announced on Friday
  • South Africa’s state capture inquiry resumes; Eskom chair Mabuza to continue testimony
  • South Africa EFF’s Malema in court today on land expropriation charges

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

  • Libya El Sharara oilfield remains closed as armed men still there – NOC
  • Senegal president’s camp claims re-election victory but opposition cries foul
  • Senegal PM says President Sall won re-election in first round of vote
  • Bitter aftertaste? Food companies could face costly disputes over land in Africa
  • Dozens killed in Nigeria poll violence – observers
  • Sudan protests intensify as Bashir swears in his emergency officials
  • Algeria police use tear gas as rare anti-govt protests enter third day
  • China’s Xiaomi unveils $680 5G smartphone, sees growth in Africa
  • Egypt denounces UN over executions criticism
  • South Africa’s Ramaphosa appoints graft tribunal
  • Sudan appoints Mustafa Youssef as finance minister – statement
  • Nigeria starts to count votes as final ballots cast after delays
  • Harry and Meghan arrive in Morocco’s Atlas Mountains to champion girls’ education
  • Buhari’s stronghold becomes key battleground in tight Nigeria election
  • Saudi king pardons Egyptians detained in the kingdom
  • Sudan’s Bashir names VP, prime minister as protests continue
  • Hundreds protest in Algeria’s capital against Bouteflika’s re-election bid
  • Gunmen kill three Guinean peacekeepers in Mali
  • State governor Ayala appointed Sudan’s prime minister
  • South Africa opposition party vows to create jobs, fight graft in manifesto
  • Sudan’s defence minister named first vice president – presidency
  • Algeria’s annual inflation falls to 4.2 pct in January
  • Egypt’s top administrative court lifts ban on Uber, Careem services
  • Egypt seeks death sentence for 2 monks over bishop’s murder
  • Suspected Islamists attack Nigerian town hours before poll, residents say
  • Sudan’s Bashir declares state of emergency, dissolves government
  • Sudan’s Bashir appoints new caretaker administration, leaves other posts unchanged
  • After false start, Nigerians focus on economy in tight presidential vote
  • US slaps travel curbs on DR Congo election officials for abuses
  • Sudan’s Bashir tells parliament to postpone constitutional amendments
  • High turnout, low expectations for first EU-Arab summit
  • South Africa’s rand firms after Moody’s hints at ratings reprieve
  • Africa Crude – Nigeria April programmes emerge as Angola diffs hold strong
  • South Africa’s Truworths to revamp stores at home & in the UK
  • US energy company Anadarko says worker killed in Mozambique attack
  • Water deal crucial for Kenya oil project might slip into Q3 – Tullow
  • Zimbabwe devalues currency as economic crisis deepens
  • Forced to beg, Senegal’s “talibes” face exploitation and abuse
  • Death toll from South Africa mine blast rises to 18 as 13 bodies recovered
  • Zambia to start hippo cull in May despite protests
  • France troops kill senior Islamist militant in Mali – govt
  • Hundreds protest in Sudan after Friday prayers
  • Attack on Nigeria governor’s convoy deadlier than govt said – witnesses, security officials
  • “No deal in the desert,” EU says of Brexit breakthrough in Egypt
  • Swiss court upholds sentence in FGM case
  • Consortium to take minority stake in South Africa’s Cell C
  • Kenya ride-hailing firm Little has big plans for Africa expansion
  • South Africa’s FirstRand sees earnings increase from Discovery Card sale
  • Ethiopia’s reforms spark ray of hope for struggling businesses doing good
  • Underpaid and abused, Guinea-Bissau’s domestic workers seek protection
  • Morocco’s CPI drops to 0.5 pct y/y in January – Planning agency
  • South Africa mining strike to spread to at least 15 firms – Minerals Council
  • Egypt executions follow flawed trials, torture – UN rights office
  • EM debt and equity funds suffer first outflows since Oct 2018 – BAML
  • Botswana considers allowing big game hunting, culling elephants
  • Uganda shilling unchanged, draws support from charity flows
  • Zimbabwe’s banks begin trading in new currency – source
  • Nigeria vote tough to call as week-long delay may hurt turnout
  • South Africa’s Northam Platinum H1 profit soars, sees solid FY output
  • Sime Darby Plantation considers exiting West Africa palm oil operations – sources

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

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