By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares rise after record highs on Wall Street
- MSCI Asia-Pacific ex-Japan up 0.1 pct
- Japan’s Nikkei up 0.6 pct
- Seoul’s Kospi flat
Oil Markets
- Oil stable as US-Sino trade row weighs, Iran sanctions cut supply outlook
- Brent crude oil futures down 7 cents at $75.75 per barrel (0122GMT)
- US WTI crude futures down 9 cents at $68.63 a barrel
Precious metals
- Gold prices up as Fed chair’s sppech weighs on US dollar
- Spot gold up 0.1 pct at $1,206.57 an ounce (0105GMT)
- US gold futures almost flat at $1,213 an ounce
Grains
- Soybeans fall on outlook for record US crop, wheat eases for 6th day
- Most active CBOT wheat futures down 0.4 pct at $5.34-1/4 per bushel (0019GMT)
- Most active corn futures down 0.2 pct at $3.62 per bushel
- Most active soy futures down 0.9 pct at $8.47-1/2 per bushel
- Most active rice futures unchanged at $10.79 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Kenya’s Kenyatta in the US for talks with Trump
- Nigeria Q2 GDP data expected today [fcst. 1.56% yy, prev. 1.95%]
Key African events or data releases over the weekend & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Emerging market fund managers hunt for bargains after Turkey contagion
- Zimbabwe’s president takes oath as US censure hangs over vote
- Zimbabwe’s Mnangagwa urges compatriots to unite, focus on economy
- US observers: Zimbabwe has no democratic culture where citizens can vote freely
- Ethiopia’s 2020 vote will be free, won’t be delayed by reforms – PM
- World Bank to give Ethiopia $1 bln in budget help – prime minister
- Islamic State claims responsibility for western Libya checkpoint attack
- Four militants killed trying to attack Egyptian police checkpoint – agency
- Tanzania central bank cuts discount rate to 7 pct
- Zimbabwe’s Chamisa rejects court judgement confirming Mnangagwa as president
- South Africa’s Vodacom launches 5G internet service in Lesotho
- Hotel equipment where British tourists died is safe – Egyptian prosecutor
- IMF says talks with Zambia on possible aid package still on hold
- Congo rejects presidential bid of opposition leader Bemba
- Top Zimbabwe court confirms Mnangagwa’s presidential election victory
- Egypt orders detention of ex-diplomat, opposition figures – MENA news agency
- Nigeria’s central bank boosts FX sales to ease pressure on naira
- Nigeria’s central bank to stimulate lending, buy corporate bonds to boost growth
- Former UN chief Kofi Annan to be buried in Ghana on Sept 13 – president
- Missing tanker docks in Togo after suspected hijacking
- Fighters from new rebel group attack Chad soldiers at Libya border
- Africa Crude – Nigerian overhang clearing, Angolan market strong
- South African bond selloff resumes as Turkey contagion stokes local risks
- South Africa’s rand recovers as dollar weakens; stocks up
- Thomas Cook evacuates 300 from Egyptian hotel after couple’s death
- “Critical worsening” of conditions for migrants detained in Libya – UNHCR
- Doctor in eastern Congo contracts Ebola in “dreaded” scenario – WHO
- Nike stores in South Africa reopen following backlash over racist video
- Rights of detained Ugandan lawmaker “blatantly violated” says report
- Foreign oil, gas investments in Egypt hit $10 bln in 2017-18 – minister
- Kenya’s Finserve to tap into Africa’s e-commerce, remittances market
- Zimbabwe’s president calls for peace after court upholds vote win
- Zimbabwe’s MDC to act within the law after court ruling on presidential vote
- South African former minister tells inquiry Guptas threatened to kill him
- Kenya parliamentary committee proposes keeping upper limit of lending rate – document
- Ethnic unrest tarnishes new Ethiopian leader’s reforms
- Kenya’s Maasai mark rite of passage with elaborate ceremony
- Ugandan shilling unchanged as banks trim demand ahead of week close
- Kenyan shilling steady amid end month demand
- South Africa scolds US diplomacy “failure” after Trump tweet on land issue
N.B. Full stories of above headlines are available on Reuters
