#Africa #Markets | 6 Sep

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia shares rise on trade war hopes, firm US data; safe havens sold
  • MSCI Asia-Pacific index up 0.4%, Nikkei gains 0.6%
  • US jobs report in focus after improvements in risk sentiment
  • Safe-haven govt bonds, yen on the defensive

Oil Markets

  • Oil prices edge higher, set for weekly gain amid trade optimism
  • Brent up 3 cents at $60.98 a barrel (0144GMT)
  • WTI up 8 cents at $56.38

Precious metals

  • Gold eases as trade optimism, firm US data lift risk appetite
  • Spot gold down 0.1% at $1,516.90/oz. (0104GMT)
  • US gold futures little changed at $1,526/oz.

Grains

  • Soybeans edge higher, set to finish week lower on ample global stocks
  • Soybean futures down more than 0.5% for the week
  • Corn futures down nearly 3% for the week
  • Wheat futures little changed for the week

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

  • World Economic Forum Africa 2019 in Cape Town, South Africa; 4-6 Sep
  • 2019 African Green Revolution Forum in Accra, Ghana; 3-6 Sep
  • South Africa FX reserves Aug-19 [prev. $49.4B]
  • 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]

  • Kidnapped South African mine worker freed in eastern Congo
  • Sudan forms first cabinet since fall of Bashir – PM
  • Kenya evicts forest dwellers to save country’s ‘water tower’
  • South Africa tries to contain “Afrophobia” fallout as riots upstage summit
  • South Africa’s Ramaphosa says at least 10 killed in riots
  • Africa Oil – Buyers await easing of Angolan offers
  • South Africa’s rand falls after poor current account data, stocks rise
  • Air Tanzania suspends flights to Johannesburg due to ongoing violence
  • South Africa’s Capitec bank forecasts up to 21% jump in H1 earnings
  • Nigeria to recall its top diplomat to South Africa – information minister
  • South Africa current account deficit widens to 4% of GDP in Q2
  • South Africa’s Sanlam could invest in Egypt within 1 year – CEO
  • South Africa’s Impala Platinum swings to profit, delays closure of shafts
  • Tanzania seizes ivory tusks equivalent to 117 elephants killed
  • CEOs say South Africa is years from meaningful economic recovery
  • Kenya shilling loses ground due to energy, manufacturing sector demand
  • Tunisia inflation rate rises to 6.7% in August
  • South Africa embassy closed in Nigeria after threats – minister
  • South Africa – Cash-strapped arms maker Denel eyes $2 bln in export deals
  • Nigeria uses tax credits for private firms to boost infrastructure
  • Australia’s Orion wins OK to develop $263 mln South Africa zinc-copper project
  • South African bank FirstRand reports 5% rise in FY profit
  • South Africa’s Impala Platinum swings into full-year profit

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

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