By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asia stocks at 17-mth low as China lets yuan slip
- Nikkei skids, China stocks struggle to bounce
- Beijing allows yuan to slip past 6.90 per dollar
- Yen up on safety bid as risk appetite sours
- Euro burdened by Italy budget fight, dollar supported by yields
Oil Markets
- Oil pirces steady after Iranian exports fall further
- Brent crude futures down 7 cents at $83.84 a barrel (0020GMT)
- US WTI crude futures down 1 cent at $74.28 a barrel
Precious metals
- Gold inches higher on safe-haven demand amid China worries
- Spot gold up 0.1 pct at $1,189.23 an ounce (0102GMT)
- US gold futures up 0.3 pct at $1,192.70 an ounce
Grains
- Wheat extends losses into second session, hits 1-wk low
- Most active CBOT wheat futures down 0.4 pct at $5.12 per bushel (0053GMT)
- Most active corn futures down 0.1 pct at $3.66 per bushel
- Most active soy futures down 0.2 pct at $8.68-1/4 per bushel
- Most active rice futures unchanged at $10.88 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Nigerian legislature to resume today; potentially rowdy session as roll would likely be called to determine which party has the majority
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Nigeria, Singapore and India fuel wealth gap – Oxfam
- Cameroon candidate Kamto declares victory, ruling party denies
- Mozambique signs oil exploration agreements with Exxon, Rosneft
- East Libyan forces arrest major militant suspect wanted by Egypt
- African Crude – Nigerian cargoes struggle; Angolan gets snapped up
- Eni to acquire half of BP’s Libya oil and gas assets
- South Africa’s Woolworths to trial plastic bag free store
- South Africa’s rand slides over finmin crisis, stocks hit 6-mth lows
- Egyptian military kills 52 militants in Sinai – statement
- Fear and prestige pushing Kenyan girls into FGM – and out of school
- Strike halts some Toyota operations in South Africa
- Zimbabwe president says new tax necessary pain for recovery
- Lazard report on Eskom asset sale options due within days – Eskom chairman
- South Africa’s Eskom won’t need more govt cash over next year – minister
- Tharisa to set more mining output records, looks to Zimbabwe
- South African president’s office says “not aware” of Nene request to be sacked
- Uganda shilling weakens as interbank players cover short positions
- Zimbabwean widows punished by tribal courts for selling gold-rich land
- Egypt net foreign reserves up to $44.459 bln end Sept – cenbank
- Zulu king wants South Africa land reform to exclude his territories
- Egypt’s Hassanb Allam plans to list shares in Cairo, London
- Trafigura to invest in Congo artisanal cobalt mine
N.B. Full stories of above headlines are available on Reuters
