#Africa #Markets | 15 Apr

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares buoyed by optimism on US-China trade talks
  • MSCI ex-Japan gains, Nikkei at 4-1/2-month top
  • Sentiment boosted by China data, JP Morgan results
  • Positive news on Sino-US trade talks whet risk appetite

Oil Markets

  • Oil pauses; focus on future supply direction
  • Brent down 0.2 pct $71.44 per barrel (0629GMT)
  • WTI down 0.4 pct at $63.63 per barrel

Precious metals

  • Gold slips to 1-wk low as global slowdown fears ease
  • Spot gold down 0.1 pct at $1,288.85 per ounce (0109GMT)
  • US gold futures down 0.2 pct at $1,292.20 an ounce

Grains

  • Corn extends gains into second session on weather woes
  • Most active CBOT wheat futures down 0.5 pct at $4.62 per bushel (0112GMT)
  • Most active corn futures up 0.2 pct at $3.61-3/4 per bushel
  • Most active soy futures up 0.1 pct at $8.96-1/4 per bushel
  • Most active rice futures up 0.2 pct at $10.49 per hundredweight

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

  • Ivanka Trump in Ethiopia, would also visit Ivory Coast
  • Botswana’s Masisi in Qatar; 14-16 Apr
  • IMF 2019 sub-Saharan Africa regional economic outlook at spring IMF meetings
  • Nigeria inflation data for Mar-19 expected [fcst. 11.1% yy, prev. 11.3%]
  • South Africa state capture inquiry resumes
  • South Africa PIC inquiry resumes
  • Malema of South Africa’s EFF on campaign trail in KZN
  • Maimane of South Africa’s DA on campaign trail in KZN

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

  • Egypt parliament to vote Tuesday on constitutional changes – speaker
  • Sudan protesters demand civilian rule, military council says ready to comply
  • Sudan’s military council removes defence minister, names new intelligence head
  • Air strike kills Islamic State deputy in Somali region
  • Ivanka Trump lands in Africa to promote US jobs plan for women
  • Egypt’s president meets Libyan commander Haftar in Cairo
  • Squalid conditions fuel frustration in South Africa township ahead of election
  • Eastern Libya warplane crashes in southern Tripoli – military sources
  • Egypt expects its debt to become ‘euroclearable’ in October – minister
  • Sudan protesters await military’s response on transition demands
  • Egypt, Israel inch closer to resolving gas arbitration – minister
  • Struggle over leadership deepens divisions in Tunisia president’s party
  • UAE welcomes new head of Sudan’s transitional military council
  • New military council leader promises civilian govt for Sudan
  • Head of Sudan’s rapid support forces appointed deputy head of transitional military council
  • Eastern Libya parliament head says forces will push Tripoli campaign
  • Somali security forces kill at least 6 people in Mogadishu
  • Civilian govt to be established in Sudan – new head of military council
  • Sudan’s security and intelligence chief quits – Sudanese TV
  • Italy says military intervention ‘cannot be a solution’ in Libya
  • Protesters keep up pressure on Sudan’s military for civilian rule
  • Head of Sudan’s military coucil steps down, a day after Bashir toppled
  • Sudan police: 16 killed by stray bullets at protests and sit-ins
  • With Bouteflika gone, protesters in Algeria demand more change
  • East Libya warplanes hit Tripoli govt positions
  • Ebola spread concentrated in Congo, not a wider emergency – WHO
  • Ex South Sudan rebel leader says believes unity govt won’t be ready by May 12
  • Algeria police arrest 108 in Friday’s protests – police statement
  • WHO opts not to label Congo ebola outbreak an international emergency
  • Sudan’s transitional military council delays meeting with political parties and forces
  • Morocco court sentences Swiss national to 10 years on terrorism charges
  • Bashir ouster rekindles interest in long-defaulted Sudan loans
  • About 1,500 migrants trapped in Tripoli, Libya, lives at risk – UNHCR
  • Africa Crude – Angola set to clear as June programme looms
  • Sudan’s military not greedy for power – political committee head
  • Mozambique’s IMF loan program to be decided as soon as next week – official
  • DR Congo troops kill 36 Burundi rebels in east – army
  • Rwanda’s genocide survivors find reconciliation, income in women’s cooperatives
  • South Africa’s Group Five to shed assets under business review
  • South Africa’s Oceana Group sees HY profit up 30 pct
  • Health experts discuss rise in ebola, to decide if emergency – WHO
  • Thousands protests again in Algeria to demand political change
  • Sudan woman in iconic protest image reports getting death threats
  • South Africa’s Brimstone quits Clover buyout after anti-Israel pressure
  • Military council says will not extradite Bashir, may try him in Sudan
  • Kenya shilling holds steady against the dollar
  • South Sudan frets over whether Sudan coup will derail fragile peace
  • Gunmen abduct two Cuban doctors in Kenya, police arrest their driver
  • New Sudan govt will be civilian – political military council head
  • UN rights office urges Sudan to cooperate with ICC on Bashir case
  • Uganda shilling steady, to firm due to waning importer demand
  • Auto giants battle used car dealers for Africa’s huge market
  • Disease outbreaks feared in Libya, as supplies stretched – WHO
  • Sudan should free protesters, investigate use of force – UN’s Bachelet
  • Ethiopia farmers struggle to scratch a living in warming highlands

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

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