#Africa #Markets | 13 Sep

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares advance on US-China trade progress, ECB easing
  • Ex-Japan Asia MSCI up 0.3%, Nikkei gains 1.0%
  • S&P 500 near record peak hit in late July
  • Euro, bonds lose steam on profit-taking after ECB

Oil Markets

  • Oil falls as spectre of US-China trade war haunts market
  • Brent down 0.3% at $60.21 a barrel (0053GMT)
  • WTI down 0.3% at $54.95 a barrel

Precious metals

  • Gold treads water as trade optimism lifts risk assets
  • Spot gold flat at $1,497.81/oz. (0105GMT)
  • US gold futures down 0.1% at $1,505.50/oz.


  • Soybeans dip, but set for biggest weekly gain in 3 mths
  • Wheat futures unchanged at $4.83-3/4 per bushel (0017GMT)
  • Corn futures down 0.1% at $3.67 per bushel
  • Soy futures down 0.1% at $8.94-1/4 per bushel
  • Rice futures down 0.2% at $12.16 per hundredweight

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

  • ECOWAS summit; ministers meet today, presidents tomorrow
  • 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]

  • Nigeria plans VAT increase in push to raise non-oil revenue
  • Tunisia’s exiled autocrat in hospital – lawyer
  • De Beers Namibia diamond venture sells mine to local consortium
  • 10 killed in stampede at Mozambique election rally
  • Thousands demand justice for slain protesters in Sudan
  • South Africa’s rand firms on ECB decision, trade hopes, stocks gain
  • Kenya bans foreigners from adopting local children
  • Africa Oil – Nigerian offers hold strong, Angolan weakening
  • Zimbabwe – Mugabe’s family says burial to be private, in snub to successor
  • Kenya targets officials’ overseas trips in “brutal” spending cuts
  • Tanzania leader sacks spy chief ahead of polls
  • Sudan PM visits South Sudan to back new peace roadmap with rebels
  • South Africa’s Mr Price suspends 2 senior managers
  • Up to 50 dead in Congo after train derails
  • OPEC members Iraq, Nigeria agree to cut oil output
  • Jailed Tunisia presidency frontrunner starts hunger strike
  • Rare black rhinos relocated to Tanzania in Serengeti repopulation plan
  • South Africa regulator fines Steinhoff for misleading markets
  • Kenya to cut budget deficit to 4.8% of GDP in 2020/21
  • Egypt’s Sisi selects new public prosecutor – sources
  • Tanzania court adjourns case of prominent jailed journalist for 4th time
  • Kenya’s finance minister pledges “brutal” spending cuts to rein in deficit
  • Algeria looks into allowing foreign ownership in some sectors
  • African telecoms firm Helios Towers revives London listing plans
  • Detained mogul’s presidential run tests Tunisia’s democracy

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

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