#Africa #Markets | 21 Mar

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares up on accommodative Fed; growth concerns
  • MSCI Asia ex-Japan +0.5 pct
  • China blue-chips wobble, Australia down

Oil Markets

  • Oil eases from 4-mth high on global growth worries
  • Brent down 3 cents at $68.47 a barrel (0040GMT)
  • WTI down 7 cents at $60.16 a barrel

Precious metals

  • Gold near 3-wk peak on dovish Fed; palladium at record high
  • Spot gold up 0.3 pct at $1,315.81 per ounce (0114GMT)
  • US gold futures up 1.1 pct at $1,316.10 an ounce

Grains

  • Wheat prices fall from 3-wk high, fears over planting delays cap losses
  • Most active CBOT wheat futures down 0.2 pct at $4.63-3/4 per bushel (0056GMT)
  • Most active corn futures down about 0.1 pct at $3.71-1/4 per bushel
  • Most active soy futures barely changed at $9.06-1/4 per bushel
  • Most active rice futures up about 0.1 pct at $10.95 per hundredweight

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

  • South Africa human rights day
  • Ethiopia’s Abiy Ahmed in the UAE, visited Qatar just before, as he tours the Middle East
  • 2-day UN Western Sahara summit in Switzerland starts
  • Trial of Nigeria’s suspended chief justice Onnoghen resumes
  • Namibia independence day; Kenya’s Kenyatta attending

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

  • Ghana successfully completes IMF programme
  • Rescue teams race to save hundreds trapped by Mozambique cyclone
  • Congo ebola outbreak spreads to city of Bunia
  • UN to hold Libya conference in April to avoid military showdown
  • Saudi king calls Morocco king to review ‘brotherly relations’
  • Sudan to make 2 bln euros from container port deal – official
  • Ethiopia to lead next stage of cockpit data analysis
  • Sudan dissolves state-owned Sudanese Petroleum Corporation
  • Soccer – Togo FA official Fagla gets life ban for bribery
  • Zambia bans energy drink with male sex booster Viagra
  • Tunsia president wants to amend constitution to dilute PM power
  • Exxon’s talks to trap Algeria shale gas falter due to unrest – sources
  • Nigeria’s NNPC issues 2019-2020 crude-for-product tender
  • Algeria ruling party warns against leadership vacuum
  • Nigeria to sell stakes in joint oil assets to boost coffers
  • Sout Africa’s retail sales up 1.2 pct y/y in January
  • Nigeria aims to cut joint venture oil stake to 40 pct this year – budget minister
  • Algeria army says protesters have expressed “noble aims”
  • Air strike kills 4 people in Somalia – relatives
  • Zimbabwe tobacco output set to dip to 240 mln kg after drought
  • Morocco phosphate miner OCP’s profit jumps 19 pct in 2018
  • South Africa’s February inflation tame, central bank to keep rates pat
  • Powerful Algeria party abandons beleaguered Bouteflika
  • Kenya shilling weakens against dollar amid demand from energy sector
  • South Africa’s FDI inflows reach 5-yr high in 2018
  • South Africa CPI inches up to 4.1 pct y/y in February
  • Mozambique starts 3 days of mourning after cyclone kills hundreds
  • South Africa’s rand stutters as electricity crisis weighs
  • Kenya police seize $20 mln of counterfeit banknotes from deposit box

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

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