By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica

Global Markets

• Asian shares turn red as Hong Kong tumbles on China virus
• Pessimism about China virus recedes
• Treasury yield rise shows risk appetite has improved
• Oil market eyes OPEC output cuts

Oil Markets

• Oil rises as investors take stock of economic hit from virus
• Brent up 0.6% at $59.84 a barrel (0103GMT)
• WTI up 0.6% at $53.79

Precious metals

• Gold steady as markets gauge virus impact, await Fed decision
• Spot gold steady at $1,565.69/oz. (0134GMT)
• US gold futures down 0.3% at $1,565.10/oz.

Grains

• Soybeans tick up, gains capped by concerns over Chinese demand
• Soybean futures up 0.8% at $9.01-3/4 a bushel (0129GMT)
• Corn futures up 0.4% at $3.88 a bushel
• Wheat futures up 0.1% at $5.70-1/2 a bushel

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

• Kenya senate special sitting for Kiambu governor Waititu impeachment hearing continues
• Egypt, Sudan & Ethiopia GERD talks in Washington; 28-29 Jan
• Bank of Ghana MPC meeting; 27-31 Jan

Key African events or data releases yesterday & early a.m today

• Sudan investigating transfer of guards from UAE to Libyan oil port – ministry
• Militia clashes in Central African Replubic kill around 40
• Vodafone to sign MoU with Saudi Telecom for Egypt unit stake sale – Egyptian govt
• Egypt calls for dialogue over US Mideast peace plan
• 31 killed in militant attack on Burkina Faso village – govt
• West Libyan forces claim downed drone as Turkish support arrives
• Africa Oil – Bonny Light pipeline fixed, coronavirus weighs
• Vanguard weighs trimming oil exposure within emerging market debt fund
• South Africa’s rand, bonds recover slightly from virus-related selloff
• Crowded Lagos to ban motorbikes from most of Nigerian metropolis
• South African photographer of ‘black lives’ Santu Mofokeng dies aged 63
• South African Airways gets 3.5 bln rand emergency funding from state-owned bank
• IMF: Ethiopia GDP to grow at 6.2% at 2020 fiscal year
• Ivory Coast’s Soro says he remains presidential candidate despite warrant
• Kenyan GDP expected to grow 6.2% in 2020, central bank says
• Burkina Faso farming town struggles to cope with fallout of violence
• Ghana 2019/20 cocoa arrivals reach 596,000 T by Jan. 16 – Cocobod
• Uganda shilling unchanged as banks, importers stay on sidelines
• Ethiopian who demanded justice now has a half a year to deliver it
• Nigeria and the Oxford English Dictionary ‘rub minds’
• South Africa’s Eskom could need 20 years to meet new emissions rules
• Telecom Egypt shares rise on reports of Vodafone Egypt stake sale
• Egypt signs 2 Mediterranean deals with Exxon Mobil – ministry
• South Africa’s rand firms slightly but sentiment stays weak on coronavirus

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