By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asia shares turn up, euro rebounds as reports temper Italian debt fears
- Italy weighs on global stocks; Nikkei off 0.5 pct
- Oil near 4-year highs, gold firm
- Trade pact clause seen deterring China deal with Canada, Mexico
Oil Markets
- Oil firm on Iran sanctions, but rising US supply and strong dollar drag
- US commercial crude stocks rise by 907,000 barrels – API
- US crude output to climb to 11.3 mln bpd – Barclays
- Brent crude oil futures up 9 cents at $84.89 per barrel (0222GMT)
- US WTI crude futures up 5 cents at $75.28 a barrel
Precious metals
- Gold prices rise as Italy uncertainty boost safe-haven demand
- Spot gold up 0.3 pct at $1,206.09 (0126GMT)
- US gold futures up 0.3 pct at $1,210.10 an ounce
Grains
- Wheat rallies as worries mount over Russian export limits
- Most active CBOT wheat futures up 0.2 pct at $5.20-1/2 per bushel (0052GMT)
- Most active corn futures up 0.1 pct at $3.67-3/4 per bushel
- Most active soy futures up 0.3 pct at $8.68-1/2 per bushel
- Most active rice futures up 0.5 pct at $10.32 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- South Africa’s state capture inquiry today promises to be interesting; finmin Nene to testify [Enterprise minister to testify on 10 Oct]
- 11th congress of Ethiopia’s ruling EPRDF party starts in Hawasa today; 3-5 Oct
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Egypt’s non-oil business activity weakens in Sept – PMI
- South Africa’s finance minister to give testimony at Gupta inquiry
- Italy to host Libya conference in Sicily, seeks stabilisation
- Liberia central bank denies it lost $100 mln
- Och-Ziff reaches $29 mln shareholder accord over African bribery probes
- South Africa’s central bank will intervene if FX orderly function threatened
- Islamic State announces death of senior militant in Egypt’s Sinai
- Mozambique’s finance minister cuts 2018 GDP forecast to 4.1 pct
- EU wheat weakens as Russian exporters seek Algeria access
- Ethiopia ruling coalition congress to test faith in reformist PM
- South Africa’s rand hit by euro wobble, stocks slip
- Moroccan widow turns her home into a shelter for cancer patients
- Africa Crude – Spot trade slows as holiday cuts off China buying
- Zambia mines to pay mineral royalties in dollars to stabilize kwacha
- Regulator says South Africa’s Eskom can recover $2.25 bln over four years
- First lady Melania Trump coos over kids in Ghana on solo Africa trip
- Most African ivory being smuggled into China despite ban – report
- More than 70,000 flee ethnic violence in western Ethiopia – local govt
- South Africa’s Group Five to cut more jobs as losses swell
- BlackRock: Emerging market assets, especially stocks, set to rise in Q4
- US to keep supporting French military effort in Mali: Pentagon chief
- Ugandan shilling a touch stronger on thinning corporate demand
- StanChart Kenya’s CEO says sluggish credit growth not sustainable
- Northam Platinum, South Africa’s NUM union sign 3-yr wage deal
- IMF calls for further Tunisian interest rate rise to curb inflation
- Japan’s Kansai to help Zambia paint out malaria
- Libya reopens Tripoli airport again
- Ivory Coast issues 8-yr 100 bln CFA franc ($178 mln) bond
- Hilton to double hotels in Africa in next five years – CEO
- US carries out air strike in Somalia, 9 militants killed – AFRICOM
- Radisson joins rivals with hotel expansion in Africa
- Fighting forces Libya to close Tripoli airport again
- Zambia’s finance minister to meet IMF officials next week
- South Africa’s Group Five FY loss widens on Ghana contract costs
N.B. Full stories of above headlines are available on Reuters
