By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica
Global Markets
- China stocks tumble on virus outbreak, but regional markets steady
- Markets on edge amid fears of China virus spreading
- Asian stocks, currencies mostly steady after risk-off shift
- WHO meets Wednesday to consider severity of virus outbreak
- Oil recovers from Libyan supply jitters
Oil Markets
- Oil falls again as ample global supply seen offsetting Libyan outage
- Brent down 0.2% at $64.46 a barrel (0119GMT)
- WTI down 0.3% at $58.22
Precious metals
- Gold eases as markets assess risks from China virus
- Spot gold down 0.3% at $1,553.27/oz. (0133GMT)
- US gold futures down 0.3% at $1,553.30/oz.
Grains
- Soybeans edge lower, linger near 1-mth low
- Soybean futures down 0.1% at $9.15-1/4 a bushel (0116GMT)
- Corn futures up 0.2% at $3.88-1/4 a bushel
- Wheat futures down 0.2% at $5.80-1/4 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
- South Africa inflation Dec-19 [fcst. 3.9% yy, prev. 3.6%]
- Bank of Ghana MPC meeting; 22-24 Jan [decision on 27 Jan]
- South Africa ruling ANC post-NEC press briefing
- World Economic Forum in Davos; 21-24 Jan
- Police question Lesotho PM Thabane over ex-wife’s murder
- Court to rule on Kenya’s Nairobi governor Sonko assault case
- South Africa state capture inquiry continues
Key African events or data releases yesterday & early a.m today
- Australia’s FAR inks marketing deal with Glencore for Senegal’s Sangomar project
- Trump administration plans to add Nigeria & 6 other nations to travel ban list – reports
- Sudan doesn’t have foreign reserves to protect value of the pound – prime minister
- Maltreated tigers and lions, rescued from Guatemala circuses, arrive in South Africa
- Militants kill 36 civilians in Burkina Faso market attack
- Libya’s NOC says oil operations can only be resumed by ending closures – Tweet
- Ivory Coast leader says fears of age limit for presidential candidates unfounded
- Angola pleads for help to claw back assets lost to corruption
- Africa Oil – Nigerian glut appears to dwindle, offers steady
- South African Airways cancels flights in fight for survival
- African fintech Flutterwave gets $35 mln, partners with WorldPay
- Angola to kick off Sonangol IPO before 2022 – minister Azevedo
- Spain’s ACS withdraws from Inga 3 hydro project in Congo
- Angola says has reached out to other countries in corruption crackdown
- Weak growth outlook keeps South African rand on back foot
- South Africa appoints new board at state nuclear firm
- Nigeria’s Lekoil reaches deal to keep oilfield after loan fraud
- Ivory Coast gold output up 35% in 2019 after new mine starts
- Namibia looks to import cattle as drought decimates local herds
- Cameroonian soldiers go on trial over shooting of women and children
- Turkey says Libya’s Haftar must choose political solution
- Nigeria charges ex-attorney general with financial crimes in $1.3 bln oil deal
- South African Airways cancels some flights to Munich to save cash
- Ugandan shilling holds steady against the dollar
- Tunisia’s designated PM vows to tackle economic, social ills
- 9 injured in Somali bombing flown to Turkey for treatment
N.B. Full stories of above headlines are available on Reuters