#Africa #Markets | 12 Aug

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares falter as US-China trade war, recession worries weigh
  • MSCI Asia ex-Japan -0.17%
  • Gold regains some lustre near $1,500/oz
  • Sterling near Jan. 2017 lows vs. dollar

Oil Markets

  • Oil prices fall on worries over demand growth outlook
  • Brent down 0.5% at $58.25 a barrel (0007GMT)
  • WTI down 0.4% at $54.28

Precious metals

  • Gold lingers near $1,500/oz. on trade, recession concerns
  • Spot gold steady at $1,496.99/oz. (0114GMT)
  • US gold futures flat at $1,508.50/oz.

Grains

  • US corn, soybeans ease ahead of key USDA report
  • Most active CBOT wheat futures down 0.4% at $4.97-1/2 per bushel (0035GMT)
  • Most active corn futures down 0.7% at $4.14-3/4 per bushel
  • Most active soy futures down 0.6% at $8.86-3/4 per bushel
  • Most active rice futures unchanged at $11.37 per hundredweight

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

  • Guinea’s Conde in Nigeria
  • South Africa PIC inquiry resumes
  • South Africa state capture inquiry resumes

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

  • WHO says no new ebola cases in Goma, vaccinates over 1,300
  • Car bomb explodes in Libya’s Benghazi, killing 3 UN staff
  • South Africa’s Ramaphosa asks court to seal certain documents in legal battle
  • UN condemns Libya car bomb that killed 2 UN staff
  • Landlocked eSwatini report says ministers must tighten belts to help lift economy
  • Libya’s Haftar announces halt to military operations during Eid al-Adha
  • Tanzania tanker blast kills dozens as crowd siphons fuel
  • Libya govt accepts UN ceasefire proposal, implementation unclear
  • Ethiopia to hold national election next year
  • Ethiopia’s ruling coalition confirms national election next year
  • Senior West African crude oil trader leaves Glencore – sources
  • Kenya’s East African Portland Cement withdraws notice dismissing workforce
  • Nigeria naira weakens on falling oil prices, lower bond yields
  • African Oil – Angolan September cargoes clear
  • Burkina forces move to secure attacked Avesoro mine after 1 killed
  • Somalia says blind female suicide bomber killed Mogadishu mayor
  • Zambia asks Glencore unit to rescind mine shaft closures
  • Tunisia PM Chahed enters crowded race in presidential vote
  • Ivory Coast cocoa season grindings up 8% to 455,000 T – exporters
  • UK, US urge Tanzania to respect “due process” after journalist arrested
  • Kenya shilling firms against the dollar
  • Uganda shilling inclined on weaker side on interbank appetite
  • Demand for Nigerian oil “dire” as US competition ramps up
  • Kenya’s KCB Group to boost investments in South Sudan
  • Eritrea’s military service still “repressive” despite peace deal – HRW

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

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