By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- US stock futures, Asian shares slip as Trump puts new tariffs on China
- S&P500 E-mini futures down 0.2 pct
- MSCI ex-Japan Asia-Pacific down 0.3 pct, but Nikkei up sharply
- Trump imposes 10 pct tariffs on $200 bln goods from China
- US 10-year bond yields retreat from 4-mth highs
Oil Markets
- Oil prices drop as escalating trade war clouds demand outlook
- Brent crude futures down 0.4 pct at $77.78 per barrel (0054GMT)
- US WTI crude down 0.5 pct at $68.59 per barrel
Precious metals
- Gold slips as new US tariffs on China lifts dollar
- Spot gold down 0.1 pct at $1,199.20 an ounce (0027GMT)
- US gold futures down 0.2 pct at $1,203.90
Grains
- Soybeans fall to near 10-year low
- Most active CBOT wheat futures up 0.4 pct at $5.08-1/2 per bushel (0016GMT)
- Most active corn futures down 0.1 pct at $3.47-3/4 per bushel
- Most active soy futures down 0.2 pct at $8.21-3/4 per bushel
- Most active rice futures down 0.6 pct at $10.24 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- South Africa’s COSATU congress continues today (day 2)
- Day 2 of African ports and hinterland connectivity conference in Abuja (17-19 Sep)
- South Africa consumer confidence index for Q3 2018 expected [prev. 22]
- South Africa’s state capture inquiry continues
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Africa’s rapid population growth puts poverty progress at risk, says Gates
- British fund Gemcorp extends $250 million loan to Zimbabwe – CEO
- Nigeria’s disaster agency says 100 people killed in floods across 10 states
- Burundi threatens to quit UN human rights council, sue critics
- Germany, Algeria to work more closely on deportations, Merkel says
- Nairobi governor orders investigation into deaths of 12 babies at maternity hospital
- Uganda unit of Indian drugs firm Cipla raises $43.8 mln in IPO – Renaissance Capital
- South Africa’s Naspers plans to spin-off, list pay-TV unit
- International court sentences Congo politician Bemba for witness tampering
- Africa Crude – Angolan Nov oil exports may fall to 3-mth low
- South Africa’s competition watchdog imposes conditions on Sibanye-Lonmin deal
- Charity denies promoting teen abortions after Kenya bans radio ad
- At least 23 die in weekend of Ethiopia ethnic violence
- Egypt cancels debt auction as foreign investor appetite weakens
- South Africa not planning mass layoffs in public sector to fight recession – Ramaphosa
- Uganda accuses EU parliament of meddling in its internal affairs
- Ethiopian police detain 200 people over violence
- South African unions sign wage deal with AngolGold Ashanti
- Ugandan shilling weakens due to demand from manufacturing, energy companies
- Egypt cancels t-bond auction for 3rd week – cenbank data
- Tunisia’s 2019 debt payments to hit record of more than $3 bln
- Egypt to offer extra shares in five state companies this year
- Nigeria hits back at HSBC after bank warns of economic stagnation
- South Africa’s Eskom has coal shortages at 10 power plants – spokesman
- Kenyan shilling unchanged amid inflows from remittances, offshore investors
- 5 die in stampede after Angolan soccer match
- South Africa’s AfriAg seeks UK medical cannabis producer license
- BP, Vitol go head to head in West African crude trading
- A year after US sanctions ended, Sudan’s economy unravels
N.B. Full stories of above headlines are available on Reuters
