#Africa #Markets | 16 Apr

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia stocks cling to 9-mth high on China hopes, Wall St dented by earnings
  • MSCI Asia-Pacific index up 0.3 pct, Nikkei adds 0.2 pct
  • Oil soft amid prospect of Russia, OPEC raising output
  • European shares firmer

Oil Markets

  • Oil extends losses into 2nd session; Russia, OPEC output in focus
  • Brent down 0.1 pct at $71.08 a barrel (0111GMT)
  • WTI down 0.1 pct at $63.39 a barrel

Precious metals

  • Gold prices drop as trade hopes stoke risk appetite
  • SPDR gold holdings slip to lowest since early Nov
  • Spot gold down 0.2 pct at $1,285.22 per ounce (0532GMT)
  • US gold futures down 0.3 pct at $1,288 an ounce

Grains

  • Corn eases from 10-day high, but USDA planting report curbs losses
  • Most active CBOT wheat futures unchanged at $4.59-1/2 per bushel (0153GMT)
  • Most active corn futures down about 0.1 pct at $3.62-1/2 per bushel
  • Most active soy futures down about 0.1 pct at $8.98 per bushel
  • Most active rice futures up 0.3 pct at $10.59 per hundredweight

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

  • 5th session of Africa regional forum on sustainable development in Marrakesh, Morocco
  • Ivanka Trump expected in Ivory Coast, from Ethiopia
  • Nigeria inflation data for Mar-19 [act. 11.3% yy, fcst. 11.1%, prev. 11.3%]
  • Botswana’s Masisi in Qatar, expected back in Gaborone today
  • South Africa state capture inquiry continues
  • South Africa PIC inquiry continues
  • South Africa’s Ramaphosa on campaign trail in Polokwane
  • South Africa’s Maimane on campaign trail in NMB, Eastern Cape
  • South Africa’s Malema on campaign trail in KZN
  • Egypt parliament to vote on constitutional changes; includes Sisi tenure extension
  • Kenya central bank governor Njoroge interview on Bloomberg TV

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

  • Nigeria consumer inflation falls slightly to 11.25 pct in March – stats office
  • Qatar calls for effective arms embargo against Libya’s Haftar
  • Qatar foreign minister says Libya’s Haftar obstructing dialogue efforts – tweet
  • South Africa’s Steinhoff seeks claimants to reveal identities to negotiate settlements
  • Sudan transitional military council’s deputy says Sudan forces will remain in Yemen
  • Fourteen killed in clashes in displacement camp in Sudan’s Darfur
  • UN Libya envoy says Haftar made coup attempt with advance on Tripoli
  • Abu Dhabi’s Privinvest sues Mozambique in debt scandal – spokesman
  • South African rand weakens amid global negotiations, stocks down
  • ‘I am not for sale’ say Nigerian women in anti-trafficking campaign
  • Russia to send soldiers to Central African Republic as part of UN force – decree
  • Soccer – African soccer whistleblower fired after accusing boss of corruption
  • Ivanka Trump backs women’s land rights on Africa trip
  • Namibia central bank slashes 2019 economic growth forecast
  • South Sudan secures $500 mln financing facility from Afreximbank
  • Kenya’s Bamburi Cement’s profit plunges 83 pct in 2018
  • Kenya’s stock exchange launches incubator scheme for start-up firms
  • Glencore’s Katanga Mining unit resumes cobalt exports from DRC
  • Uganda shilling stronger on commodity flows
  • South Africa’s Steinhoff set to give Conforama financiers enhanced rights
  • Egypt to impose temporary duties of 15 pct on iron billets, 25 pct on steel rebar
  • Sudan’s military council appoints new army chief of staff – statement
  • South Africa police halt shipment of rhino horns, arrest two
  • Kenya shilling steady against the dollar
  • Sudan protest group says attempt to break up sit-in outside defence ministry is under way

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

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