#Global #Markets | 15 Feb

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

(GMT+1)

CALENDAR
08:00 Turkey Unemployment Rate 
09:00 Nigeria Inflation Rate YoY 
09:00 Spain Inflation Rate YoY Final 
10:00 Italy Balance of Trade 
10:30 UK Retail Sales YoY 
10:30 UK Retail Sales MoM 
10:30 UK Retail Sales ex Fuel MoM 
10:30 UK Retail Sales ex Fuel YoY 
11:00 Euro Area Balance of Trade 
13:00 Israel Inflation Rate MoM 
13:10 India Balance of Trade 
14:00 Euro Area ECB Cœuré Speech
NEWS
Indonesia Imports Fall for First Time in 19 Months 
Indonesia Trade Gap Larger than Estimated in January 
Indonesia January Exports Drop More than Expected 
China Producer Inflation Slows to 28-Month Low 
Brunei Trade Surplus Narrows 50.7% YoY in November 
Singapore Quarterly GDP Growth at 1.4% QoQ 
Singapore GDP Annual Growth Rate Below Expectations 
South Korea Current Account Surplus Widens 
New Zealand Manufacturing PMI Falls to 4-Month Low 
New Zealand Tourist Arrivals at Fresh Record 
Argentina Inflation Jumps to 2.9% MoM, 49.3% YoY 
UK Parliament Rejects May’s Brexit Plan

Source: Trading Economics, Macroafricaintel Research

#Africa #Markets | 14 Feb

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia stocks wait on Sino-US talks, China trade data
  • Nikkei firms as yen slips, eyes on China stocks
  • Top US China officials to meet for tariff talks
  • Dollar gains as yen, euro and pound all ebb

Oil Markets

  • Oil prices edge up on hopes for US-China trade breakthrough
  • Brent up 0.5 pct at $63.90 per barrel (0204GMT)
  • US WTI up 0.5 pct at $54.15 per barrel

Precious metals

  • Gold rises on hopes of Fed pause; trade talks in focus
  • Spot gold up 0.2 pct at $1,308.20 per ounce (0105GMT)
  • US gold futures down 0.2 pct at $1,311

 

Grains

  • Soybeans extend losses, US-China trade talks ease pressure
  • Most active CBOT wheat futures down 0.2 pct at $5.21 per bushel (0201GMT)
  • Most active corn futures down 0.3 pct at $3.77-1/2 per bushel
  • Most active soy futures down 0. 1 pct at $9.15-1/4 per bushel
  • Most active rice futures unchanged at $10.26 per hundredweight

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

  • South Africa’s Ramaphosa to respond to SONA debate today
  • South Africa’s state capture inquiry resumes; didn’t sit yesterday
  • South Africa mining production data for Dec 2018 [fcst. 0.3% yy, prev. -5.6%]

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

  • US-Libya forces raid al Qaeda site in Libya city of Ubari – Libyan official
  • Islamic State says attacked Nigerian governor’s convoy
  • Algeria’s Bouteflika dismisses national police chief
  • Sudan opposition unite in calling for Bashir to step down
  • Eskom in danger of collapse without bailout, South Africa says
  • 3 Americans among 5 killed in Kenya plane crash – source
  • African Crude – Nigerian diffs hold steady as March overhang remains
  • Camera spots Kenya’s rare black panther
  • South African rand slumps on Eskom fears, US inflation
  • Kenya shilling firms on inflows from horticulture exports
  • Nigeria’s 2018 capital imports rise as funds bet on equities
  • Nissan agrees JV to build Algeria car assembly plant
  • South Africa’s Sapref to close for routine maintenance from May to July
  • South Africa’s Vodacom, Telkom welcome ECA bill withdrawal
  • Libya dreams of mega port in history-laden east
  • Nigeria tribunal issues arrest warrant for top judge before elections
  • Namibia’s central bank expects first economic growth in 3 years
  • South Africa’s retail sales slump in Dec after Black Friday boost
  • Cameroon main opposition leader charged with rebellion – lawyer
  • South Africa retail sales down 1.4 pct y/y in December
  • South Africa not planning to privatise Eskom after split – Gordhan
  • Libya’s Arabian Gulf ups output to 314,000 bpd as wells connected – source
  • South Africa’s Eskom woes partly due to human error – govt
  • South Africa’s Eskom extends power cuts to 4th day as capacity shortage persists

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

#Global #Markets | 14 Feb

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

(GMT+1)

CALENDAR
05:00 Malaysia GDP Growth Rate YoY
05:00 Malaysia GDP Growth Rate QoQ 
07:30 France Unemployment Rate 
07:30 India WPI Fuel YoY 
07:30 India WPI Food YoY 
07:30 India WPI Manufacturing YoY
07:30 India WPI Inflation YoY 
08:00 Finland GDP Growth Rate YoY Prel 
08:00 Finland GDP Growth Rate QoQ Prel 
08:00 Germany GDP Growth Rate QoQ Flash 
08:00 Germany GDP Growth Rate YoY Flash 
08:00 Denmark GDP Growth Rate QoQ Adv
NEWS
China Exports Rebound Unexpectedly 
China Imports Fall Less than Expected in January 
China Trade Surplus Beats Expectations in January 
Palestinian Jobless Rate Rises to 29.1% in Q4 
New Zealand Food Inflation Edges Down to 0.8% YoY 
US Stocks Extend Gains on Wednesday 
US Budget Deficit Larger than Expected 
UK Stocks Finish Higher on Inflation Data, Trade Hopes 
Oil Prices Rise Despite Gains in US Crude Inventories 
US Crude Oil Stocks Rise More than Expected 
Ghana Inflation Rate at 6-Year Low of 9% in January 
US Inflation Rate Drops to 1.6%

Source: Trading Economics, Macroafricaintel Research

#Africa #Markets | 13 Feb

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian stocks touch 4-mth peak on US-China trade deal hopes
  • Trump says could extend China trade deal deadline
  • Safe-haven govt bonds come under pressure
  • Dollar capped, crude oil extends rally
  • Kiwi jumps after RBNZ keeps rates on hold

Oil Markets

  • Oil prices rise 1 pct amid OPEC supply cuts, US sanctions on Venezuela
  • Brent up 0.9 pct at $62.95 per barrel (0138GMT)
  • US WTI up 1 pct at $53.64 per barrel

Precious metals

  • Gold steady as Sino-US trade hopes drag dollar
  • Spot gold steady at $1,311 per ounce (0115GMT)
  • US gold futures mostly unchanged at $1,314.20 per ounce

Grains

  • Soybean prices inch down, retreat from 5-day high
  • Most active CBOT wheat futures down 0.1 pct at $5.19-1/4 per bushel (0234GMT)
  • Most active corn futures down 0.2 pct at $3.77-1/2 per bushel
  • Most active soy futures down about 0.1 pct at $9.16-3/4 per bushel
  • Most active rice futures up 0.4 pct at $10.29 per hundredweight

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

  • Trial of Nigeria’s suspended chief judge Onnoghen continues
  • Nigeria capital importation data for Q4 2018 expected
  • Namibia interest rate decision today [fcst. 6.75%, prev. 6.75%]
  • South Africa retail sales data for Dec 2018 due [fcst. 2.5% yy, prev. 3.1%]

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

  • Deadly stampede in Nigeria at political rally days ahead of election
  • Libya committed to resuming ouput at El Sharara once worker safety is assured – NOC
  • Malawi boy saves famine-stricken village with wind turbine in Berlinale movie
  • Morocco arrests 3 Frenchmen suspected of terrorism financing
  • Missing Kenya rights activist found dead – police
  • Egypt plugs hub status as Shell, Eni, Exxon win energy concessions
  • Dana Gas to drill in what says could be Egypt’s next mega gas field
  • Actor dreams of second chance as Somalia rebuilds its theatre
  • Africa Crude – India’s IOC issues two new buy tenders
  • Africa welcomes refugees but freedom, jobs needed – aid groups
  • France bombed Chad rebels to stop coup d’etat – foreign minister
  • South Africa’s Eskom extends power cuts as crisis persists
  • South Africa looks to Enel for help to end power outages – Gordhan
  • Libya assembly head calls for lifting of force majeure at top oil field
  • Sudan security arrests professors as protests rage on – witnesses
  • OPEC cuts oil supply steeply but sees growing 2019 headwinds
  • Nigeria economy grows at fastest pace in 2 years as election nears
  • South Africa’s Sibanye-Stillwater may restructure loss-making gold shafts
  • Kenya central bank says to hold rate-setting meeting on March 27
  • Shell aims to increase LNG exports from Egypt – executive
  • Harmony Gold in talks to build solar power plant
  • South Africa’s SPAR group posts 8.2 pct rise in 17-week sales
  • Uganda calls on mobile money to cultivate new debt investors
  • Uganda shilling unchanged amid sagging demand from importers, banks
  • South Africa’s manufacturing output up 0.1 pct y/y in December
  • Sluggish economy haunts Nigerian president at ballot box
  • Egypt announces winners in oil and gas exploration bid round
  • South Africa’s Eskom aims to end power cuts by end of this week
  • South Africa’s unemployment rate falls to 27.1 pct in Q4
  • Rwanda’s trade minister says she hopes all AU countries will join FTA within 5 years
  • Kenya shilling firms; remittances help
  • In Ethiopia, climate change leads herders to retrain as farmers
  • Nigeria’s economy grew by 2.38 pct in Q4 2018 – stats office
  • South Africa oil firm PetroSA looks to plug Eskom’s diesel gap
  • South Africa’s Harmonh Gold half-year profit slumps 94 pct
  • South Africa power firm Eskom to cut 3,000MW from national grid

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

#Global #Markets | 13 Feb

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

(GMT+1)

CALENDAR
05:00 Indonesia Balance of Trade 
06:30 Netherlands Inflation Rate YoY 
09:00 Belgium NATO Summit 
09:00 Spain Parliamentary Vote on 2019 Budget 
09:30 Taiwan GDP Growth Rate YoY Final 
09:30 Sweden Riksbank Rate Decision 
10:00 France IEA Oil Market Report 
10:30 UK PPI Input MoM 
10:30 UK Retail Price Index YoY 
10:30 UK Retail Price Index MoM 
10:30 UK PPI Input YoY 
10:30 UK Inflation Rate MoM
NEWS
New Zealand Holds Rates at Record Low of 1.75% 
Moody’s Assigns Uzbekistan First-Time ‘B1’ Rating 
Japan Producer Prices Rise Below Expectations 
Australia Consumer Confidence Rebounds 
South Korea Jobless Rate Jumps to 9-Year High 
European Shares End Mostly Higher on Tuesday 
US Job Openings Hit Record High 
Oil Prices Rise on OPEC Cut 
India Inflation Rate Lower than Expected 
India Industrial Output Growth Beats Forecasts 
Mauritius Tourist Arrivals Rise 1.1% YoY in January 
South Africa Manufacturing Output Growth at 3-Month Low

Source: Trading Economics, Macroafricaintel Research

#Africa #Markets | 12 Feb

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian stock index rises 0.3 pct, Nikkei up 2 pct
  • Investors cautiously optimistic on US-China trade deals

Oil Markets

  • Oil prices rise on OPEC output cuts, as US sanctions bite
  • OPEC cuts, US sanctions tighten supply of heavy crude
  • Part-closure of Keystone pipeline props up WTI
  • But surge in US crude supply to cap prices – MS
  • Brent up 0.8 pct at $62.01 per barrel (0329GMT)
  • US WTI up 0.7 pct at $52.78 per barrel

Precious metals

  • Gold inches down as trade worries boost dollar
  • Spot gold down 0.2 pct at $1,306.51 per ounce (0102GMT)
  • US gold futures down 0.1 pct at $1,310.20 per ounce

Grains

  • Soybeans rebound from 3-wk low, fears of trade talk failure cap gains
  • Most active CBOT wheat futures up 0.1 pct at $5.19 per bushel (0204GMT)
  • Most active corn futures up 0.4 pct at $3.74-1/4 per bushel
  • Most active soy futures up 0.4 pct at $9.08-1/2 per bushel
  • Most active rice futures up 0.4 pct at $10.31 per hundredweight

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

  • Nigeria Q4 2018 GDP data expected [fcst. 0.2% yy, prev. 1.8%]
  • South Africa Q4 2018 unemployment (rate) data due [prev. 27.5%]
  • South Africa state capture inquiry continues
  • Nigeria court of appeal to continue suspended chief justice Onnoghen case today
  • South Africa manufacturing production data for Dec 2018 due [fcst. 3.4%, prev. 1.6%]

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

  • South Africa’s Harmony Gold half-year profit slumps 94 pct
  • South Africa power firm Eskom to cut 3,000MW from national grid
  • East Libya forces say they have full control of El Sharara oilfield
  • Africa Crude – Qua Iboe clears, Angolan nearly gone
  • South Africa’s Eskom says 4 generating units back in service
  • Egypt to see gas boost from BP fields, Zohr as Cairo returns to export market
  • Young Egyptians trudge through mud to clean up Nile
  • Algeria’s Sonatrach signs $1 bln gas plant deal with India’s Larsen & Toubro
  • Undervalued Nigerian stocks seen poised for post-election rally
  • Algeria’s Sonatrach shortlists 4 firms for trading joint venture
  • South Africa president says Eskom power cuts ‘most worrying’
  • South Africa rand hits near 3-wk low as Eskom steps up blackouts
  • BP to invest about $1.8 bln in Egypt this year – CEO
  • The men who would lead Nigeria: the presidency, power and petroleum
  • Egypt sells $1.014 bln in 1-yr dollar tbills – central bank
  • Uganda shilling holds steady as tax payments curb demand
  • South Africa Eskom dollar bonds fall after company says to step up power cuts
  • Algeria unemployment unchanged at 11.7 pct in Sept 2018
  • Tanzania row overshadows Acacia’s upbeat output, cost figures
  • South Africa’s Gordhan meeting Eskom executives over power crisis
  • Zimbabwe vice president receiving treatment in India – official
  • UN expert says suspension of Nigeria chief judge breaches human rights
  • BofA appoints new head of equities in global markets South Africa unit – source
  • Kenya shilling steady; seen easing due to importer dollar demand
  • South Sudan to return to pre-war oil production levels by mid-2020: minister

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

#Global #Markets | 12 Feb

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

(GMT+1)

CALENDAR
07:30 Sweden Unemployment Rate 
09:00 Euro Area EcoFin Meeting 
09:20 Germany Bundesbank Weidmann Speech 
10:30 South Africa Unemployment Rate 
12:00 Saudi Arabia OPEC Monthly Report 
13:00 India Industrial Production YoY 
13:00 India Manufacturing Production YoY 
13:00 India Inflation Rate YoY 
13:00 Brazil BCB Copom Meeting Minutes 
14:00 UK BoE Gov Carney Speech 
16:00 US JOLTs Job Openings 
18:45 US Fed Chair Powell Speech
NEWS
Singapore Retail Sales Fall the Most in 11 Months 
Sri Lanka Tourist Arrivals Rise 2.2% YoY in January 
New Zealand Q1 2-Year Inflation Expectations Little-Changed 
Philippines Imports Drop the Most in Over 6 Years 
Philippines Export Contraction Accelerates Sharply 
Philippines Trade Gap Smallest in 3 Months 
Australia Business Sentiment Improves Slightly in January 
Nicaragua Annual Inflation Rate at 1-1/2-Year Low in January 
Mozambique Keeps Interest Rate Steady at 14.25% 
European Stocks Close Higher on Monday 
Uruguay Manufacturing Output Falls the Most in 14 Months 
Oil Prices Fall on Monday

Source: Trading Economics, Macroafricaintel Research