#Africa #Markets | 12 Apr

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares dip amid caution on global growth, US earnings
  • MSCI Asia ex-Japan -0.1 pct
  • European shares expected to edge higher
  • Volumes seen low ahead of US 1Q earnings season
  • Euro jumps on Japan demand

Oil Markets

  • Oil prices rise as market tightens, but demand concerns linger
  • Brent up 0.2 pct at $71.03 per barrel (0635GMT)
  • WTI up 0.4 pct at $63.82 per barrel

Precious metals

  • Gold prices steady after steep fall
  • Spot gold up about 0.1 pct at $1,293.19 per ounce (0123GMT)
  • US gold futures up 0.3 pct at $1,296.60 an ounce

Grains

  • Soybeans, corn set for weekly losses dismal US exports
  • Most active CBOT wheat futures up 0.2 pct at $4.61-1/2 per bushel (0136GMT)
  • Most active corn futures down 0.1 pct at $3.59-1/2 per bushel
  • Most active soy futures down 0.1 pct at $8.94-1/4 per bushel
  • Most active rice futures down 0.1 pct at $10.28 per hundredweight

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

  • IMF/World Bank spring meetings; 12-14 Apr
  • Ghana’s Akufo-Addo on 5-day nationwide tour
  • South Africa state capture inquiry continues
  • Kenya’s Kenyatta in Mauritius; rounding up

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

  • Demanding civilian govt, thousands defy military curfew in Sudan
  • Libya oil chief warns fighting could “wipe out” crude production – NOC
  • Gunmen abduct two Cuban doctors in Kenya
  • Auto giants battle used car dealers for Africa’s huge market
  • Home market still a dream for African carmakers
  • Emerging market nations seek collective solution to trade tensions
  • Military ousts Sudan’s Bashir, protesters demand civilian govt
  • Nightmares, guilt and awards: 5 years after the Chibok kidnap
  • Libya’s NOC chief: oil and gas exports facing the biggest threat since 2011
  • Defence minister Ibn Auf to head Sudan’s military transition council – state tv
  • US suspends talks with Sudan after military ousts Bashir
  • Sudan woman in iconic protest image reports getting death threats
  • Tripoli forces take prisoners as EU demands Libya’s Haftar to stop offensive
  • US says Sudanese people should be allowed peaceful transition
  • Nigeria troops forced 10,000 people to leave northwest town – UN
  • South Africa township squalid and neglected despite 25 years of black rule
  • EU wheat steady with Chicago as Algeria tender assessed
  • Africa Crude – Spot activity grinds to a halt ahead of new programme
  • More than 190 eastern Libyan troops taken prisoner – officials
  • South Africa clears 3 more accounts of Steinhoff insider trading
  • South Sudan frets over whether Sudan coup could derail fragile peace deal
  • Turkey’s Erdogan calls for national reconciliation in Sudan
  • Ethiopia inquiry shows Boeing MAX hurtling uncontrolled to disaster
  • Thousands protest against army statement in central Khartoum, Sudan
  • Vodacom Tanzania pleads guilty, settles charges against CEO, employees
  • France seeks assurances on migrants, militants and political solution for Libya in EU position
  • Sudan’s security service announces release of political prisoners
  • South Africa’s manufacturing output up 0.6 pct y/y in February
  • World Bank puts Mozambique’s economic losses from Cyclone Idai at up to $773 mln
  • African, Syrian migrants in crosshairs of Libya war
  • Zimbabwe reaches agreement with IMF on economic reform programme
  • Libya fighting kills 56, European powers jostle over conflict
  • Zimbabwe GDP growth below target at 4 pct in 2018 – Treasury
  • Uganda shilling unchanged as corporate demand ebbs
  • Kenya shilling weakens due to importer demand, excess liquidity
  • Road traffic charity paves way to safer cities for African children

 

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

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