By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares win reprieve on Sino-US trade talk hopes
- Asian shares bounce back from 14-mth low
- Report of US outreach to China raise hopes of policy shift
- Turkish lira in focus as central bank seen raising rates
Oil Markets
- Oil prices dip, but US crude remians above $70 on falling inventories
- US crude inventories drop below 400 mln barrels – EIA
- Looming US sanctions against Iran keep Brent near $80
- Brent crude futures down 11 cents to $79.63 a barrel (0024GMT)
- US WTI crude futures down 18 cents at $70.19 per barrel
Precious metals
- Gold near 1-wk highs as Sino-US trade talk hopes hurt dollar
- Spot gold firm at $1,205.66 an ounce (0055GMT)
- US gold futures mostly steady at $1,211.10 an ounce
Grains
- Corn prices edge up, but near 2-mth low on USDA estimate
- Most active CBOT wheat futures up 0.4 pct at $5.09 per bushel (0013GMT)
- Most active corn futures up 0.7 pct at $3.55 per bushel
- Most active soy futures nearly unchanged at $8.39-3/4 per bushel
- Most active rice futures up 0.2 pct at $10.77 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- State funeral for former UN Secretary-General Kofi Annan in Accra, Ghana, today
- South Africa mining production data for July expected [fcst. 2.9% yy, prev. 2.8%]
- Final day of ITU Telecoms World 2018 conference in Durban, South Africa
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Libya agrees to impose fees on foreign currency transactions
- At least 20 killed in Mali after truck falls into river
- South Sudan’s president, rebel leader sign peace deal
- NOC says Libyan oil ouput normal despite attack on its headquarters
- MTN says $10.1 bln Nigeria demand makes local listing challenging
- Zimbabwe police ban public gatherings in capital to contain cholera outbreak
- Egypt imposes new tariffs on consumer goods
- New Moroccan law fails to protect women from forced marriage – activists
- Wife of former UN chief Kofi Annan joins mourners around husband’s casket
- Egypt prosecutor says e-coli was factor in deaths of British tourists
- US sanctions Libyan militia leader over oil facility attacks
- Stone in South African cave boasts oldest-known human drawing
- South Africa’s rand firmer on positive retail data; stocks fall
- Thomas Cook says has not seen full report from Egypt prosecutor on resort deaths
- Africa Crude – Nigerian diffs edge lower but supported by BP bids
- Kenyan central bank fines five banks a total of $3.89 mln over suspect transactions
- France presses close ally Egypt to suspend mass death sentences
- Algeria blighted by youth unemployment despite recovering oil prices
- Libya closes Tripoli airport again after rocket fire
- South Africa to probe whether kickback was paid for SAP contract
- South Africa’s Clover triples FY profit, impairment hurts shares
- Uganda’s shilling edges down against the dollar
- Kenyan shilling weakens against the dollar
- South Africa retail sales up 1.3 pct y/y in July
- Congo mines minister insists on no compromise on new mining code
- Many parts of the world not ready for super fast 5G network – MTN’s CEO
- Libya’s PM says conditions for elections not yet ripe – paper
- South Africa’s business confidence index falls in August
- EU’s Juncker eyes free trade pact with Africa
- South Africa’s iron ore railway to be shut down for annual maintenance
N.B. Full stories of above headlines are available on Reuters
