#Africa #Markets | 26 Feb

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares fall from 5-mth highs, pound jumps on Brexit delay hopes
  • Sterling climbs to $1.3149 on reports Brexit could be delayed
  • Asian shares falter at 5-mth top
  • Investors eye Fed chairman Powell’s Senate testimony

Oil Markets

  • Oil steadies after selloff; market eyes Trump intervention
  • Brent up 0.3 pct at $64.95 a barrel (0108GMT)
  • WTI up 0.1 pct at $55.54 a barrel

Precious metals

  • Palladium soars past $1,550 on mine strike fears; gold firm
  • Spot palladium up 0.7 pct at $1,552 per ounce (0128GMT)
  • Spot gold flat at $1,327.40 per ounce
  • US gold futures steady at $1,329.9 per ounce

Grains

  • Wheat slumps further to 10-mth low
  • Most active CBOT wheat futures down 1 pct at $4.68 per bushel (0152GMT)
  • Most active corn futures down 0.7 pct at $3.68 per bushel
  • Most active soy futures down 0.5 pct at $9.07 per bushel
  • Most active rice futures down 0.2 pct at $10.32 per hundredweight

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

  • Botswana central bank to decide interest rate [fcst. 5.0%, prev. 5.0%]
  • South Africa state capture inquiry continues
  • Nigeria presidential votes collation continues, winner could be declared Tuesday or Wednesday

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

  • Nigeria election’s early tally puts Buhari ahead; opposition rejects it
  • Sudan’s Bashir bans protests in new emergency measures
  • Libya’s NOC chairman in UAE to discuss Sharara oilfield crisis
  • Zimbabwe promises fiscal discipline as it launches new currency
  • Egypt’s Sisi defends death penalty at summit with Europe
  • Africa Crude – Diffs hold, demand for Angolan still strong
  • Sudan’s Bashir regulates foreign currency trade
  • Street unrest breaks down taboo in Algeria: talk is of politics at last
  • Zimbabwe to manage volatility of new RTGS currency – finmin
  • South Africa’s rand gains on trade deal hopes; stocks weak
  • UK, South Africa finalising interim post-Brexit trade deal
  • Attackers torch ebola treatment centre in Congo, patients evacuated
  • Harry and Meghan dress down to meet children on Morocco trip
  • Operational hitches in Nigeria’s elections a burden on voters – EU observer mission
  • Nigeria stocks, bonds rise after presidential election
  • Gabon president returns home for second time since suffering stroke
  • Shopping street rises from the ashes of war in Libya’s Benghazi
  • South Africa cancels Bosasa prison contracts after bribe accusations
  • Tunisia central bank says dinar hard to defend as reserves fall
  • Nigeria election delay probably hit voter turnout – US observer
  • In tentative rollout, Zimbabwe banks start trading new currency
  • Kenya’s KenGen gets contract with Ethiopian Electric Power for geothermal drilling
  • Nigeria’s election generally peaceful – AU observers
  • Kenya shilling firm amid end month demand
  • Angola oil output fell in 2018 due to ageing fields – Sonangol
  • Zambia, Zimbabwe cut Kariba Dam power generation
  • Egypt’s Beltone Financial pays settlement to end suspension of underwriting unit – source
  • South Africa’s Sasol half-year profit rises

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

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