By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian stocks dip on trade, emerging markets woes
- Asian shares hampered by worries over Sino-US trade war
- Emerging market currencies seen fragile despite latest rebound
- US markets closed for Labor Day
Oil Markets
- Brent crude oil dips on rising OPEC output; looming sanctions on Iran prevent bigger fall
- OPEC output hit 2018 high in August – survey
- But US sanctions to target Iran’s oil exports from November
- US rig count climbs, pointing to more production
Precious metals
- Gold edges down as rising trade tensions buoy dollar
- Spot gold down 0.3 pct at $1,196.93 an ounce (0054GMT)
- US gold futures down 0.4 pct at $1,202.50 an ounce
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- African leaders in Beijing, China for FOCAC summit which starts today; 3-4 Sep
- South Africa’s state capture inquiry continues
- Rwanda parliamentary elections today
Key African events or data releases over the weekend & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Some 400 prisoners escape prison in Tripoli chaos
- Archeologists find Neolithic remains in Nile Delta
- Islamists in northeast Nigeria kill up to 30 soldiers – sources
- Al Shabaab car bomb kills at least six in central Mogadishu
- White workers at South Africa’s Sasol to strike over black share scheme
- Tunisia govt raises fuel prices, fourth hike this year
- Ugandan opposition lawmaker arrives the US for medical treatment
- Trains delayed: Ethiopia debt woes curtail China funding
- Kenya imposes 16 pct VAT on petroleum products, defying lawmakers
- China loans to Nigeria $328 mln to boost telecoms – Nigeria presidency
- Algeria’s Bouteflika back from Geneva medical trip – presidency
- Nigeria’s $8.1 bln demand cast doubts over MTN’s Nigeria IPO plans – sources
- China’s TBEA to invest in 180 mln euro Gabon hydropower project – Gabon
- China says not putting pressure on Taiwan’s last Africa ally
- Libya closes Tripoli airport after rockets fired
- Chad signs deal with Ethiopian Airlines to launch national carrier
- Ebola control measures seem to be working in Congo, WHO says
- Africa Crude – Nigerian firms, Angolan cargoes dwindle
- South Africa’s rand steadies after emerging market rout, stocks fall
- Congo Republic says to launch vaccination drive after yellow fever outbreak
- Zimplats FY profit tumbles after higher deferred tax charge
- Volkswagen to expand in Ghana, Nigeria
- South Africa’s trade balance swings to deficit in July
- Russia in talks with Eritrea to set up port project – RIA
- Tunisian energy minister, officials sacked over graft accusations – govt
- Ugandan shilling unchanged amid low appetite from banks, importers
- Crisis-hit Steinhoff says 9-mth sales rise 2 pct
- Kenya inflation at 4.04 pct in August – stats office
- MTN Uganda bets on music streaming as voice business slows
- Tunisia PM to merge energy, industry ministries after dismissing energy head, source says
- BW Offshore Q2 EBITDA beats forecast, sees first Gabon oil in Sept/Oct
- South Africa to publish mining charter by November – minister
- South Africa’s Old Mutual H1 profit flat; declares dividend
N.B. Full stories of above headlines are available on Reuters
