By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares gain as Shanghai stocks extend recovery
- Chinese shares outperform, helped by MSCI news
- Shanghai shares hit 8-week high, up 1.3 pct
- Fed rate hike fully expected, another one in Dec seen likely
- Brent oil hits 4-year high before easing
Oil Markets
- Oil prices drop, Brent moves further away from 4-yr high
- Brent crude futures down 0.5 pct at $81.44 a barrel (0041GMT)
- US WTI crude futures down 0.6 pct at $71.88 a barrel
Precious metals
- Gold inches down as dollar firms; Fed in focus
- Spot gold down 0.1 pct at $1,200.18 (0057GMT)
- US gold futures little changed at $1,204.6 an ounce
Grains
- Soybeans extend gains into second session despite US-China trade war
- Most active CBOT wheat futures up 0.6 pct at $5.23-3/4 per bushel (0048GMT)
- Most active corn futures down 0.1 pct at $3.63-1/4 per bushel
- Most active soy futures up 0.3 pct at $8.48-1/4 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]
- General debate of 73rd session of UN General Assembly continues in New York City (25 Sep -1 Oct); African leaders scheduled to speak are those of Namibia, Ghana, Mali, Angola, Liberia, Cabo Verde, eSwatini, Kenya, Zimbabwe, and CAR
- Bloomberg Global Business Forum 2018 in New York City today; selected African leaders in attendance and South Africa’s Ramaphosa on one of plenary panels
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- As UN, Congo’s Kabila vows ‘peaceful, credible’ elections
- Egypt to tour Asian, European markets to prepare for global bond issue – finmin
- Moroccan woman does after navy fires at speedboat carrying migrants
- Morocco keeps interest rate unchanged at 2.25 pct, issues first sukuk
- WHO extremely concerned about Ebola “perfect storm” in Congo
- Sudan reports outbreak of mosquito-borne Chikungunya disease in eastern state
- Ivory Coast banks consider offering discount on SAF-Cacao debt
- BPCE in talks with Morocco’s BCP to sell African banks
- Congolese activists convicted of inciting anti-Kabila protests
- Embattled South African construction firm Aveng reports wider FY operating loss
- Morocco cenbank: FX interbank market functioning well, no need to intervene
- Morocco to issue first sovereign Islamic bond on Oct. 5
- Africa Crude – Angolan cargoes see brisk Chinese demand; Nigerian supply rising
- South African rand on the ropes as stimulus package disappoints; stocks fall
- Nigeria’s central bank governor optimisti over $8.1 bln MTN transfer dispute
- Nigeria’s central bank holds benchmark lending rate at 14 pct
- Kenya central bank holds main lending rate at 9 pct
- South African stimulus plan unlikely to boost growth much, Fitch says
- South Africa says national kidnapped in Burkina Faso
- Son of ex-Angolan president detained in graft probe – ANGOP news agency
- More than 1,200 detained over deadly Ethiopia violence – police
- East, West Africa lead continent’s fertilizer uptake push
- Malawian women struggle for land rights despite equality drive
- Uganda shilling little-changed amid thin dollar demand
- Tunisia reforms face fresh strain after president ends Islamist tie-up
- South African portfolio inflows plummet in second quarter
- OPEC’s Barkindo calls for cooperation between OPEC and non-OPEC countries
- South Africa to relax visa rules to boost investment, tourism
- WHO extremely concerned about ebola “perfect storm” in Congo
- Standard Bank says Nigeria may review penalty in MTN funds case
- South Africa’s Alexander Forbes Group terminates CEO Darfoor
- South African phosphate miner plans London IPO by year-end – CEO
- US diplomat found dead in Madagascars
N.B. Full stories of above headlines are available on Reuters
