By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares wobble as China cancels trade talks with US; oil rallies
- Markets in Japan, South Korea, China closed for holiday
- Investor focus on Sino-US trade war, Brexit, Fed meeting
- US tariffs on $200 bln Chinese imports take effect
- MSCI ex-Japan falls, E-minis for US stocks a tad weaker
Oil Markets
- Oil rises as markets tighten ahead of iran sanctions
- US crude inventories at lowest level since 2015
- Tighter US market comes ahead of new Iran sanctions
- Brent crude futures up 1.2 pct at $79.74 per barrel (0036GMT)
- US WTI crude futures up 1.1 pct at $71.52 a barrel
Precious metals
- Gold inches down on firm dollar as China halts trade talks
- Spot gold down 0.2 pct at $1,196.51 (0039GMT)
- US gold futures largely unchanged at $1,201.1 an ounce
Grains
- Soybeans slumps nearly 1 pct as China cancels trade talks with US
- Most active CBOT wheat futures down 0.1 pct at $5.21-1/2 per bushel (0030GMT)
- Most active corn futures down 0.3 pct at $3.56-1/4 per bushel
- Most active soy futures down 0.8 pct at $8.40-3/4 per bushel
- Most active rice futures unchanged at $9.88 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Kenya interest rate decision today [fcst. 9.0%, prev. 9.0%]
- Ghana interest rate decision today [fcst. 17.0%, prev. 17.0%]
- UN general assembly in focus as heads of state arrive New York city
- Protests expected in Liberia today over missing central bank funds
- Inconclusive Osun state elections in southwest Nigeria could become subject of litigation at tribunal even before planned supplementary polls on Thursday; to be in focus all week
Key African events or data releases over the weekedn & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Rebel attack in Congo ebola zone kills 18
- Nigerian maritime agency identifies nationalities of 12 abducted ship crew
- Tanzania ferry death toll rises to 224, ship’s manager detained
- Tripoli clashes leave 115 dead, 383 injured – health ministry
- In Nigeria, Shell’s onshore roots still run deep
- Two car bombs explode in Somali capital, one dies
- Pirates kidnap 12 crew members from Swiss vessel in Nigerian waters – ship operator
- Africa’s nomadic herders help, not harm, land and planet – UN
- US military says US airstrike kills an estimated 18 Somali militants
- Libya’s AGOCO resumes 3,000 bpd production at abandoned well in Messla
- Nigeria oil unions threaten nationwide strike over Chevron dispute
- Morocco extradites ex-priest to face abuse charges in New Mexico
- Nigeria’s central bank withdraws Skye Bank’s operating licence
- Zimbabwe’s new finance minister says ‘fiscal shock’ needed for reform
- Why weeds could provide an answer to Cape Town’s water worries
- Africa Crude – Unipec snaps up Sonangol spot cargoes
- Congo central bank revises 2018 GDP estimate down to 4.1 pct from 4.2 pct
- Congo confirms evboal case at Ugandan border
- Tunisia’s weakened premier unlikely to push reform as polls loom
- France to press Mali to implement peace deal with rebels
- Chad names fourth fiance minister in a year
- Moroccan dairy and water duo feel the impact of boycott campaign
- US may aid Liberia in search of missing millions
- Travellers wait as fighting shuts runways in Libya
- South Africa rhino poaching drops sharply but hundreds still being killed
- South Africa’s Life Healthcare not ruling out return to India after Max disposal
- South Africa’s Ramaphosa outlines stimulus plan for ailing economy
- Kenya’s president signs finance bill with contested new taxes into law
- Kenyan shilling steady amid flat importer appetite
- Morocco’s CPI drops to 1.7 pct y/y in August
- South Africa’s NUM union signs wage deal with AngloGold
- South Africa to reallocate $3.5 bln of budget to revive economy – Ramaphosa
- South Africa’s Clicks CEO to retire, names insider as successor
N.B. Full stories of above headlines are available on Reuters
