By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Dollar lifted by yield surge, Asia stocks slugged
- Dollar holds gains, nears major chart barrier on yen
- Market pricing in more aggressive Fed on strong US data
- 10-yr treasury yields highest since 2011 at 3.19 pct
- Asian stocks stumble as borrowing costs rise
Oil Markets
- Oil falls as Saudi and Russia quietly agree output rise, US stocks swell
- Saudi, Russia agreed output rise without telling OPEC – sources
- US crude inventories swell unexpectedly
- Emerging market woes weigh on demand outlook
- Brent crude oil futures down 0.5 pct at $85.85 per barrel (0104GMT)
- US WTI crude futures down 0.4 pct at $76.11 a barrel
Precious metals
- Gold hovers in narrow range as dollar rises on upbeat US data
- Spot gold up 0.1 pct $1,198.16 an ounce (0103GMT)
- US gold futures down 0.1 pct at $1,202.1 an ounce
Grains
- Corn rises as rain forecasts stoke fears of harvest delay
- Most active CBOT wheat up 0.2 pct at $5.16-1/2 per bushel (0041GMT)
- Most active corn futures up 0.1 pct at $3.65 per bushel
- Most active soy futures unchanged at $8.61-1/2 per bushel
- Most active rice futures up 0.2 pct at $10.52 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Nigeria Stanbic IBTC Bank PMI for Sep-18 expected [prev. 56.1]
- South Africa’s Ramaphosa to open pet Jobs Summit project today; 4-5 Oct
- Nigeria govt to meet with labour unions and private sector stakeholders on minimum wage today; tripartite committee to be constituted
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Under fire about the economy, South Africa’s Ramaphosa eyes jobs plan
- Egypt’s Sarwa Capital private offering 10.83 times oversubscribed
- Attack on ICRC ebola ambulance in Congo wounds three volunteers
- US first lady Melania Trump lays wreath at slave castle in Ghana
- Ethiopian PM pushes for unity after months of ethnic violence
- Africa Crude – Total sells Nigerian, spot trade slows
- Mozambique puts on trial 189 accused of deadly beheadings
- Egypt’s security forces kill 15 suspected militants in Sinai shootout
- Governor of Nigeria’s commercial hub Lagos defeated in bid for second term
- Egyptians facing eviction should have right to stay – UN rapporteur
- South Africa’s rand flat as dollar gains, stocks fall
- Sudan’s main airport shut after military planes collide – civil aviation spokesman
- South Africa’s Exxaro eyes South32’s coal assets, export quota – CEO
- Africa bets on technology to lure youth to farming
- Libyan state oil firm delays energy conference after HQ attack
- South Africa’s Liberty begins consultations on possible job cuts
- South Africa’s Zuma fired me for blocking Russian nuclear power deal – Nene
- US first lady Melania Trump lays wreath at ‘emotional’ slave castle in Ghana
- Guinea-Bissau coast guard fears 60 migrants drowned off the coast
- South Africa’s Zuma also fired me for rejecting new route for state airline – finmin
- South Africa’s NUM, UASA and Solidarity unions agree 3-yr Harmony Gold wage deal
- Mauritius bank SBM says unit’s India operations hit by cyber fraud
- Ugandan shilling posts sharp gains after rate hike
- World Bank cuts sub-Saharan Africa’s 2018 growth forecast to 2.7 pct
- Uganda central bank raises key lending rate to 10 pct
- Congo govt sees GDP growth rising to 5.6 pct in 2019
- Kenyan shilling holds steady on tourism, horticulture inflows
- Goldman forecasts South African economic rebound in 2019
- Kenya’s Safaricom loses head of Alpha innovation lab
- South Africa’s service industry looks to cash-in on Brexit uncertainty
- Tanzania law punishing critics of statistics “deeply concerning” – World Bank
- South Africa Zuma tried to strike nuclear power deal with Putin in 2015 – finmin
- Congo copper output seen up 12 pct to 1.2 mln T – chamber of mines
- Tunisia’s phosphate production down by 25 pct this year
- South Africa’s Aveng to sell rail business for $9.2 mln
- Noble Energy cashes out of Tamar Petroleum after Egypt gas deal – report
- South Africa’s finance minister says met several times with Guptas
- South Africa mulls SOV, should not harming mining sector – minister
- South Africa’s Zuma sacked me for rejecting Gupta deals – finmin
- KPMG South Africa to hire external CEO after corruption scandal
- Tunisia annual inflation rate falls in September to 7.4 pct
- South Africa mining body welcomes new industry charter with reservations
- ITE to buy Euromoney’s Mining Indaba, forecasts higher revenue
- Egypt’s non-oil business activity weakens in Sept – PMI
N.B. Full stories of above headlines are available on Reuters
