By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares on slippery slope as Trump ups ante in trade war
- Asian shares down for the eight straight day
- Dour mood follows from losses in US, Europe on Friday
- Trade tensions a major worry for share investors
- US Fed widely expected to raise rates later this month
Oil Markets
- Oil prices climb as US energy firms cut rigs, Iran sanctions loom
- US sanctions against Iran’s oil sector tighten market – FGE
- Brent crude futures up 0.6 pct at $77.25 a barrel (0055GMT)
- US WTI crude futures up 0.5 pct at $68.09 per barrel
Precious metals
- Gold inches down on rate hike views, trade worries
- Spot gold down 0.1 pct at $1,194.01 an ounce (0030GMT)
- US gold futures down 0.1 pct at $1,199.80 an ounce
Grains
- Soybeans fall as US-China trade war threatens to escalate
- Most active CBOT wheat futures down 0.2 pct at $5.10 per bushel (0058GMT)
- Most active corn futures down 0.4 pct at $3.65-1/2 per bushel
- Most active soy futures down 0.3 pct at $8.41-1/4 per bushel
- Most active rice futures down 0.2 pct at $10.93 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- New Zimbabwe cabinet to be sworn-in today
- ITU Telecoms World 2018 conference to start today in Durban, South Africa
- South Africa’s finance minister Nhlanhla Nene and acting SARS commissioner Mark Kingon to give keynote at annual tax gathering 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]
- Mali’s Keita names new defence and mines ministers for second term
- Sudanese President Bashir dissolves govt, appoints new PM
- Uganda warns against interference as pressure mounts on US to cut military support
- Egypt set to release Lebanese tourist jailed over Facebook post
- UN rights boss Bachelet urges Egypt to overturn mass death sentences
- Comoros seeks to arrest ex-VP who opposed president’s term limit move
- Armed groups agree to maintain Tripoli ceasefire – UN
- South Africa’s ANC rejects reports of party officials’ plot to oust Ramaphosa
- Egypt set to release Lebanese tourist jailed over Facebook post
- At least 19 killed in South Sudan plane crash
- Uber rival Careem expands services into Sudan
- Egypt’s foreign debt rises to $92.64 bln at end-June, PM tells paper
- UNHCR says Tripoli facility ready to help refugees caught up in fighting
- Angola’s Lourenco appointed leader of ruling MPLA party
- Egypt sentences 75 to death, hundreds to jail over 2013 sit-in
- Botswana says China agreed to extend loan, cancel debt
- Many feared dead after Islamist attack in northeast Nigeria – witnesses
- Equatorial Guinea to crack down on oil services companies over local jobs
- Africa Crude – Angola’s Cabinda crude weakens, Nigeria supported by BP bidding
- Zimbabwe’s Mnangagwa names ex-banker Mthuli Ncube finance minister
- South Africa’s Nedbank warns land expropriation could spark banking crisis
- Manager of Ethiopia’s $4 bln Nile dam project committed suicide – police
- Pest-proof bags and bins slim Tanzania’s ‘lean season’
- Amid trade row, China to allow soybean imports from Ethiopia
- Kenya economic growth to be curbed by new tax on fuel – industry
- Egypt says Zohr gas field output reaches 2 bln cubic feet per day
- Zimbabwe’s Mugabe says now accepts Mnangagwa as legitimate president
- Kenya shilling steady amid inflows from charities
- Tunisia’s inflation stabilizes at 7.5 pct in August
- South Africa’s ARM full-year profit soars 50 pct on debt restructuring
- South Africa’s net foreign reserves fall to $42.35 bln in August
- South Africa Northam Platinum’s full-year loss widens
- US should suspend military aid to Uganda – lawyer for critic of Museveni
N.B. Full stories of above headlines are available on Reuters
