#Africa #Markets | 13 May

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Stocks, yuan fall as Sino-US trade talks deadlocked; investors await China retaliation
  • Trump-Xi talks likely at G20 summit in June: White House advisor
  • Major currencies calm for the moment; Bitcoin at 9-mth highs

Oil Markets

  • Oil prices fall amid US-China trade impasse
  • Brent down 0.2 pct at $70.49 a barrel (0013GMT)
  • WTI down 0.4 pct at $61.31 a barrel

Precious metals

  • Gold firms as US-China trade impasse fuels safe-haven demand
  • Spot gold up 0.1 pct at $1,286.59 per ounce (0113GMT)
  • US gold futures steady at $1,287.90 an ounce

Grains

  • Soybeans fall to more than 10-yr low on US-China trade woes
  • Most active CBOT wheat futures down 0.6 pct at $4.22-1/4 per bushel (0100GMT)
  • Most active corn futures down 0.4 pct at $3.50-1/4 per bushel
  • Most active soy futures down 0.6 pct at $8.04-1/2 per bushel
  • Most active rice futures up 0.4 pct at $11.03 per hundredweight

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

  • South Africa’s ruling ANC to hold special NEC meeting in Pretoria today
  • South Africa’s DA federal executives to meet today
  • South Africa labour statistics on 14 May
  • South Africa PIC inquiry resumes
  • South Africa state capture inquiry resumes on 15 May
  • South Africa retail sales data for Mar-19 on 15 May

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

  • Voice of resilience: Kenyan radio builds herders’ trust in drought insurance
  • South Africa’s Vodacom FY down 6.6% on black ownership deal
  • Soccer-US beat South Africa beat 3-0 in Women’s World Cup warm-up
  • Egypt condemns actions against four ships near UAE territorial waters
  • South Africa’s ANC celebrates election win with street party
  • Egypt sentences two to death over church attack
  • ANC keeps power in South Africa but scandals cost it votes
  • South Africa’s ANC wins majority in parliamentary election – electoral commission
  • South Africa’s Ramaphosa targets reforms after election win
  • Hostages freed in Burkina Faso offer condolences for fallen French commandos
  • Provisional results show South Africa’s ANC wins parliamentary election
  • Sudan delivers fuel to power stations, has enough flour for June
  • Tripoli urges Trump to stop Haftar’s backers meddling in Libya
  • Dozens of migrants drown off Tunisia coast after leaving Libya
  • Nigeria says ex-president and his oil minister took bribes – court filing
  • Glencore’s Zambian unit to close two mine shafts
  • UN Security Council calls for ceasefire in Libya
  • Congo’s ebola outbreak ‘unlikely’ to be contained unless violence stops
  • South Africa rand firms as ANC heads for re-election
  • Sudan protesters dig in at sit-in-site during Muslim fasting month
  • Namibia women say #MeToo in new movement against sexual violence
  • Africa Oil – Buyers elusive for last Angolan cargoes, tighter Iran sanctions loom
  • Nigeria bonds rally on central bank governor’s nomination, stocks falter
  • Tens of thousands march to demand change in Algeria
  • Morocco claims success in reducing illegal migration to Spain
  • Kenya arrests 75 tax officials on suspicion of corruption
  • Zambia delays receipt of $2.6 bln in loans as debt soars
  • Ghana’s Pecan oilfield approval seen by late-Q3 – Aker CEO
  • Nigeria militia frees nearly 900 children used in war on Boko Haram – UNICEF
  • Two French soldiers killed in rescue of four hostages in West Africa
  • Kenyan shilling steady on tight money market liquidity
  • Uganda shilling unchanged amid limited activity
  • Nigeria bonds, naira rally after central bank governor gets second term nomination – traders
  • South Africa’s competition court to rule on Sibanye and Lonmin merger
  • Miner Lonmin says delays in Sibanye-Stillwater deal to hurt sales
  • After ousting Bashir, Sudna’s activists struggle to loosen military’s grip

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

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