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