#Africa #Markets | 12 Jul

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares dart between gains and losses before key China data
  • MSCI Asia ex-Japan up 0.1%
  • China June trade, lending data due Friday, Q2 GDP due Monday
  • Trump says China not living up to promises

Oil Markets

  • Oil prices rise amid Gulf of Mexico storm, Middle East tensions
  • Brent up 0.6% at $66.89 (0115GMT)
  • WTI up 0.6% at $60.54

Precious metals

  • Gold gains on US-China trade jitters, rate cut hopes
  • Spot gold up 0.4% at $1,408.62/oz (0133GMT)
  • US gold futures up 0.2% at $1,410/oz


  • Wheat falss but set for first weekly gain in a month
  • Most active CBOT wheat futures down 0.1% at $5.20-3/4 per bushel (0255GMT)
  • Most active corn futures unchanged at $4.48 per bushel
  • Most active soy futures nearly unchanged at $9.17 per bushel
  • Most active rice futures down 0.3% at $11.90 per hundredweight

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

  • 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]

  • IMF approves $449 mln Congo Republic bailout after China debt deal
  • Families and Ethiopian farmers feel in the dark over Boeing’s aid offer
  • Sudan’s military rulers say coup attempt thwarted
  • Egypt detains man behind pro-Mubarak Facebook page
  • South Africa’s Eskom new funding bill expected July 23
  • Death toll in migrant ship disaster off Tunisia coast rises to 58
  • Egypt central bank keeps key rate unchanged
  • UN chief calls for more support for cycolone-hit Mozambique
  • Nigeria to force lending by capping deposits at central bank
  • Africa Oil – Nigerian July spot cargoes remain, traders report Saturno outage
  • South African Airways chairman has quit – minister Gordhan
  • South African rand stronger with Fed seen cutting rates
  • Zimbabwe lawmaker to spend more time in detention after court appearance
  • Go-slow at port hits South African car and commodity exports
  • OPEC sees lower 2020 demand for its oil, points to surplus
  • Kenya’s NSE kicks off futures trading with most liquid stocks
  • Tanzania says does not know whether missing journalist is dead or alive
  • South Africa’s manufacturing, mining subdued as growth burden shifts to central bank
  • Police fire guns during Shi’ite protest in Nigerian capital – witness
  • South Africa’s Nampak has made significant progress in talks for glass unit sale
  • South Africa’s manufacturing up 1% y/y in May
  • Uganda shilling steady, importer demand low
  • Kenya orders Safaricom to shut down betting payments in revenue blow
  • Egypt’s arrears to foreign oil firms fall by end of June – minister
  • Kenya shilling under pressure against the dollar

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

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