#Africa #Markets | 5 Jul

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares near 2-mth highs ahead of US payrolls
  • Asia’s MSCI index ex-Japan headed for 5th straight weekly gain
  • Investors focused on US non-farm payrolls
  • Global bond yields near record lows on easy policy expectations

Oil Markets

  • Crude oil prices fall as global growth fears weigh
  • Brent down 0.1% at $63.23 per barrel (0042GMT)
  • WTI down 1.1% at $56.71 per barrel

Precious metals

  • Gold prices edge up ahead of US jobs data, set for 7th weekly gain
  • Spot gold up 0.2% at $1,417.40 an ounce (0119GMT)
  • US gold futures down 0.1% at $1,419.90 an ounce

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

  • Airtel Africa listing on Nigerian stock exchange
  • 1st 4th industrial revolution SA – digital economy summit in Johannesburg, South Africa; Ramaphosa to open
  • Launch of operational phase of AfCFTA at AU summit in Niamey, Niger, during the weekend
  • South Africa foreign exchange reserves Jun-19 [prev. $48.3B]

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

  • Sudan military council, opposition reach power-sharing agreement
  • UN says Libyan guards reportedly shot at migrants fleeing air strikes
  • More than 80 migrants feared drowned off Tunisia coast
  • Tutankhamen head fetches millions at UK auction despite Egypt’s protests
  • Egypt non-oil FDI dips to lowest since 2014
  • Ethiopian crash families criticise Boeing over donation plan
  • “Sometimes we have to abandon the patients’: Treating ebola in Congo’s warzone
  • Africa Oil – IOC awards tender, spot trade muted
  • Nigeria state oil firm to change payment structure for joint ventures
  • Congo army evicts illegal miners from Glencore project, sparks protests
  • Ethiopia faces more conflict with ethnic group’s push for region
  • South Africa’s rand firms to 3-mth high, stocks down
  • Africa to decide on free trade zone: what’s at stake?
  • Egypt net foreign reserve rise slightly to $44.352 bln at end-June
  • Asset manager Quantum says Swiss prosecutors close Angola-related case
  • South Africa’s Comair sees annual earnings boost from SAA payment
  • Egypt current account deficit nearly doubles in Jan-March
  • Kenyan shilling to firm, Zambia kwacha to hold steady; in week ahead
  • Political void crimps Nigeria’s stocks, rattles investors
  • South Africa’s central bank aims to sell African Bank stake in year or two
  • Boat with more than 70 migrants capsizes off coast of Tunisia – Red Crescent
  • South Africa Naspers-backed Dott to launch e-bikes after new fundraising
  • Malawi storm survivors place hope in solar power to switch on ‘new life’
  • South Africa’s Eskom dollar bonds rally as govt weighs extra support options
  • Zambia plans law compelling miners to procure locally – minister
  • South Africa’s Absa concludes $500 mln loan
  • Egypt’s current account deficit widens to $7.6 bln in first nine months of FY 18-19 – c.bank
  • IMF board to consider Congo Republic bailout on July 11
  • Glencore confirms Congo security presence at mine
  • Vedanta appeals to South African court to protect Zambian business
  • Kenya shilling strengthens against the dollar
  • Vedanta to seek court order saying Zambia’s ZCCM breached shareholder pact
  • Italy widens probe into alleged obstruction in Nigeria graft case

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

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