By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares, euro trampled as Turkish rout spreads
- Turkish lira hits new lows, govt promises it has a plan
- Selling spreads to South African rand, Argentine peso
- Euro slips as safe haven yen, Swiss franc, dollar bid
- Asian stocks fall further, emerging markets under pressure
Oil Markets
- Oil edges up on Iran sanctions, but trade tensions drag
- Brent crude oil futures up 7 cents at $72.88 per barrel (0053GMT)
- US WTI crude futures up 16 cents at $67.79 per barrel
Precious metals
- Gold prices subdued as dollar stands firm near 13-mth high
- Spot gold slips 0.1 pct at $1,209.53 an ounce (0102GMT)
- US gold futures down 0.2 pct at about $1,216.80 an ounce
Grains
- Soybeans fall nearly 1 pct to 3-wk low
- Most active CBOT wheat futures unchanged at $5.46-3/4 per bushel (0108GMT)
- Most active corn futures down 0.7 pct at $3.69 per bushel
- Most active soy futures down 0.8 pct at $8.54-3/4 per bushel
- Most active rice futures unchanged at $10.55 per hundredweight
Key African events or data releases today & during the week
[Posts & comments at my Twitter handle @DrRafiqRaji]
- SADC summit ongoing [Council of ministers meet today]
- Uganda central bank decision tomorrow (14 Aug) [fcst. 9.0%, prev. 9.0%]
- Nigeria inflation data for July due on 14 Aug [fcst. 11.0% yy, prev. 11.2%]
- South Africa mining production data for June expected on 14 Aug [fcst. -3.1% yy, prev. -2.6%]
- South Africa retail sales data due on 15 Aug [fcst. 2.0% yy, prev. 1.9%]
- Bank of Namibia MPC decision on 15 Aug [fcst. 6.75%, prev. 6.75%]
Key African events or data releases over the weekend & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Hippo kills Taiwan tourist visiting Kenyan lake
- Mali votes in run-off amid heavy security to counter militant threat
- Protesting Nigerian troops fire into air at northeastern airport
- Eastern Libyan oil firm AGOCO producing 190,000 bpd – official
- Egypt arrests seven alleged militants tied to failed church bombing
- Court jails Egyptian Muslim Brotherhood leader for life – sources
- Ethiopian rebels declare ceasefire amid govt reforms
- Egyptian forces kills 12 suspected militants in Sinai – agency
- Former monk held on charges of killing bishop at Egyptian monastery
- Egypt security forces thwart church bombing – state tv
- Kenya arrests two top officials for suspected corruption over new $3 bln railway
- Four new Congo ebola cases as medics prepare experimental treatment
- Cameroon probes video showing security forces apparently executing civilians
- Zimbabwe’s Chamisa challenges election result; inauguration halted
- Zimbabwe ruling party confident Chamisa has no case after election challenge
- South Africa’s rand weakens nearly 3 pct as emerging market currencies slip
- Zimbabwe Mnangagwa inauguration deferred after court challenge – justice minister
- Africa Crude – Nigerian diffs sink as cheap alternatives weigh
- Ethiopian Airlines frontrunner in tender for planned Nigerian airline – CEO
- Zimbabwe’s opposition leader Chamisa wants court to declare him winner or call fresh election – lawyer
- Ethiopian Airlines net profit up in FY 2017/18 – CEO
- Sudan’s ruling party backs Bashir for 2020 election – SUNA
- Malawi tobacco revenue rises 35 pct
- Kenyan shilling steady on debt inflows
- Ugandan shilling weakens as commercial banks exert demand
- UAE to build oil pipeline between Eritrea and Ethiopia – Fana Broadcasting
- Kenya’s Safaricom resists tariff cuts to avoid price war
- Kenya parliament rejects committee’s call to probe ministers over sugar imports – papers
- Kenya’s Safaricom wants to avoid price war after competitor Airtel cuts call rates
- Refugees sow crops with Kenyan hosts – and reap integration
- Tunisia’s tourism revenues jump by 42 pct until July 31
- Ghana replaces sacked energy chief in reshuffle of huge cabinet
- Zimbabwe opposition leader charged over post-election violence
- US concerned about Zimbabwe violence, opposition leader return
- Blockchain firm Soluna to build 900MW wind farm in Morocco – CEO
- Suspected Boko Haram militants kill at least 15 soldiers and disaster worker – sources
- World powers praise Congo’s Kabila for agreeing to bow out
- Zimbabwe opposition leader Biti charged with role in post-election violence
- Uganda leader says South Sudan refugees should return by January
- Mali opposition leaders refuse to back challenger in presidential run-off
- Vedanta suspends operations at Zambian unit after worker killed in accident
- Egypt’s core inflation falls to 8.54 pct in July – central bank
- Nigerian stocks drop to 9-mth low on mixed earnings, political risk
- Nigeria’s Notore drops 8.8 pct in one week after debut listing
- UN gravely concerned at Zambia’s refusal of asylum for Zimbabwe’s Biti
- When bits meet bites: Kenya’s farm-to-fork online delivery cuts waste, boosts earnings
- Ethiopian Airlines to fly seafood from Norway to China
- South Sudan president Kiir grants Machar, other rebels amnesty
- South Africa’s Eskom reaches “in principle” wage deal with unions
- Kenya seeks to raise 40 bln shillings with 10-yr bond in August
- Egypt’s annual urban consumer price inflation eases to 13.5 pct in July – CAPMAS
- In peace between Ethiopia and Eritrea, UAE lends a helping hand
- Egypt students design car that runs on air
- Congo’s Kabila will not stand for election in December
- Uganda police urged to act after series of attacks on charities
- Suspected al Shabaab militants kill five soldiers in Kenya’s Lamu – county official
- Libya’s sovereign wealth fund to move offices over abductions, threats
- Tanzania plans to suspend Naspers’ Multichoice telecoms licence
- Naspers’ unit Mulitchoice concerned about Tanzania suspension notice
- Congo starts vaccinating health workers against ebola
- Nigeria Senate president urges parliamentary blockade probe
- Campaign on fistula brings renewed hope for rural Nigerian women
- Sanctions make it harder for South Africa’s MTN to repatriate Iran cash
- Former Nairobi governor arrested on corruption allegations
- Nigeria approves $150 mln World Bank loan to fight polio
- Ivory Coast’s Simone Ggagbo leaves detention after amnesty
- Congo’s Kabila to step down ahead of presidential election
- Kenya arrests suspect in killing of black rhino
- Glencore says mining industry considers legal action on new DRC mining code
- Internet in eastern Ethiopia shut down after regional violence
- African migrants protest in Italy after road deaths
- South Africa’s business confidence index rises in July
- Uganda’s Stanbic Bank pre-tax profit rise, sees credit growth
- South Africa’s Murray & Roberts drops Aveng merger plan
- Tullow Oil, Kenya agree to resume oilfields activity
- South Africa plastics company Mpact H1 profits falter, shares fall
- South Africa’s MTN H1 profit down 7 pct
N.B. Full stories of above headlines are available on Reuters