#Africa #Markets | 18 Apr

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares slip from 9-mth high, European PMIs in focus
  • Europe markets expected to open lower
  • Australian shares edge down, Nikkei loses 0.8 pct
  • Euro steady, yen not far off 2019 low

Oil Markets

  • Oil rises on tightening supplies; ample US output caps gains
  • Inventories fell for first week in four – US DoE
  • Persistent rise in US output caps gains – analyst
  • Brent up 0.1 pct at $71.71 a barrel (0500GMT)
  • WTI up 0.1 pct at $63.81 per barrel

Precious metals

  • Gold touches 2019 low as China data lifts risk assets
  • Spot gold down 0.1 pct at $1,272.33 per ounce (0147GMT)
  • US gold futures down 0.2 pct at $1,274.50 an ounce

Grains

  • Soybeans rebound from 4-mth low, but South American output and swine fever caps gains
  • Most active CBOT wheat futures up 0.1 pct at $4.47-1/2 per bushel (0301GMT)
  • Most active corn futures unchanged at $3.58-1/4 per bushel
  • Most active soy futures up 0.1 pct at $8.79-3/4 per bushel
  • Most active rice futures down 0.5 pct at $10.43 per hundredweight

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

  • Zimbabwe independence day
  • Nigeria’s suspended chief justice Onnoghen to get verdict of misconduct trial
  • South Africa PIC inquiry continues
  • South Africa state capture inquiry continues

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

  • Liberia, Guinea iron venture sign outline export deal
  • Moody’s upgrades Egypt’s rating to B2, expects more economic growth
  • Kenya shilling weakens against the dollar
  • South Africa rand weaker as risk demand fades before Easter
  • Tunisia reaches an agreement with IMF on fifth review of loan
  • DRC – Katanga names Glencore Coal’s chief development officer for top job
  • Nigeria has no intention of cutting fuel subsidy at this time – finmin
  • Ivanka Trump promotes businesswomen after Ivory Coast farm visit
  • Nigeria issues arrest warrants for ex-ministers over Malabu oil deal
  • Sudan’s military rulers say 2 of Bashir’s brothers arrested
  • Libya oil chief Sanalla says protracted conflict threatens future operations – NOC
  • Angola’s crude exports to hit lowest level in 13 years in June
  • South Africa’s power shortages could cut 2019 GDP growth by 1.1 ppts – cenbank
  • South Sudan offers to mediate political transition in Sudan
  • Donkeys deliver vaccines in Mali as diseases spike with violence
  • South Africa’s Sibanye-Stillwater, AMCU seal wage deal
  • South Africa’s Sibanye lost $114 mln in revenues due to strike – CEO
  • South Africa retail sales suggest economy sluggish before May vote
  • Egypt to hold referendum on extending Sisi’s rule on April 20-22
  • South Africa’s Denel aims to end Airbus A400M work within 18 months
  • Zimbabwe attracts two new investors to develop platinum mining projects
  • Shells kill 7 in Tripoli neighbourhood as Haftar’s 2-wk siege rages
  • Kenya’s NIC Group shareholders back merger with CBA
  • Egypt alliance launches real estate finance company – statement
  • Thieves pinch rifles as Kenya police watch Champions League football
  • Sudan’s military council orders seizure of “suspect” funds – state news agency
  • Morocco miner Managem considering raising $200 mln in bond sales
  • Rebels in southern Sudan announce halt to hostilities until July 31
  • Botswana shows off country’s largest-ever blue diamond
  • Ebola survivors comfort sick and frightened in Congo outbreak
  • Uganda shilling unchanged as importer and bank demand ebbs
  • South Africa retial sales up 1.1 pct y/y in February
  • Uganda says it is willing to consider asylum for Sudan’s outsted leader Bashir
  • Kenya shilling under pressure from surplus money market liquidity
  • South Africa consumer inflation quickens to 4.5 pct in March

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

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