#Africa #Markets | 4 Apr

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares struggle near 8-mth highs on trade jitters
  • MSCI ex-Japan steps back from 8-mth highs
  • Investors focused on US-China trade talks

Oil Markets

  • Oil prices edge lower after US inventories build
  • Brent down 2 cents at $69.29 (0100GMT)
  • WTI down 14 cents at $62.34

Precious metals

  • Gold gains on tepid dollar; focus on US-China trade talks
  • SPDR gold holdings fell to lowest since Dec. 17 on Wed
  • Platinum eases after rising the most in over 2 years on Wed
  • Spot gold up 0.2 pct at $1,292.24 per ounce (0537GMT)
  • US gold futures up 0.1 pct at $1,296.60 an ounce

Grains

  • Corn up for 2nd session on US planting delays, soybeans firm
  • Most active CBOT wheat futures unchanged at $4.71 per bushel (0110GMT)
  • Most active corn futures up 0.3 pct at $3.63-3/4 per bushel
  • Most active soy futures up 0.1 pct at $8.99-3/4 per bushel
  • Most active rice futures down 0.1 pct at $10.66 per hundredweight

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

  • Ethiopia to release plane crash report
  • Senegal independence day
  • Kenya’s Kenyatta state of the nation address
  • South Africa’s Ramaphosa on the campaign trail in Diepsloot
  • South Africa’s BRIC Business Council mid-term meeting
  • South Africa PIC inquiry
  • Ghana import duties to be cut; by 50 pct

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

  • Kenya shilling edges up against the dollar
  • Fire disrupts one terminal at Kenya’s main airport in Nairobi
  • Ethiopia to issue first Boeing investigation report on Thursday
  • Pompeo pledges support for Congo’s Tshisekedi ‘change agenda’ in first meeting
  • Eastern Libya forces move west, skirmish south of Tripoli
  • Dozens die in Burkina Faso as Sahel conflict spirals
  • Boeing software re-activated before Ethiopian crash – sources
  • Algeria’s interim rulers under pressure for more change as Bouteflika goes
  • Tripoli govt declares alert after eastern Libya forces move west
  • American kidnapped on Uganda safari, $500k ransom demanded
  • Eastern Libya forces moving west, say Tripoli key to national dignity
  • South Africa’s Eskom chairman wants debt to be $18 bln lower
  • Tanzania charges Vodacom Tanzania MD with economic crimes – court
  • Africa Crude – Angola market strong, some cargoes re-offered
  • South Africa could give troubled Eskom more financial support
  • Zimbabwe finmin criticises ‘profiteering’ price hikes as new currency falls
  • Cholera vaccinations launched in post-cyclone Mozambique
  • Nigeria appoints local banks for 3.4 tln naira note issue
  • Congo’s public revenues from mining sector nearly double in 2018
  • Egypt foreign reserves rise to $44.11 bln at end-March – cbank
  • South Africa’s Nampak sells Nigeria paper packing business
  • Algeria’s caretaker rulers face unrelenting demands for wider change after Bouteflika quits
  • Nigeria’s Oando aims to raise fresh capital, cut debt – CEO
  • Vodacom Tanzania says MD questioned by police over network use
  • Brazil’s Embraer signs $2.1 bln order with Nigeria’s Air Peace – filing
  • M-Pesa helps drive up Kenyans’ access to financial services – study

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

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