By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares on edge after 9-day rout, mood shaky as volatility spikes
- Ex-Japan Asia MSCI up 0.2 pct, Nikkei down 0.5 pct
- Volatility index hits high since Feb
- China, US shares among worst performer this week
Oil Markets
- Oil prices hold ground, but set for 4 pct weekly fall
- Brent crude futures up 13 cents at $80.39 a barrel (0042GMT)
- US WTI crude futures up 11 cents at $71.08 a barrel
Precious metals
- Gold near highest in over 2 mths as equity plunge boosts safe-haven appeal
- Spot gold down 0.2 pct at $1,221.06 an ounce (0055GMT)
- US gold futures down 0.3 pct at $1,224.50 an ounce
Grains
- Corn edges higher as USDA pegs production below forecast
- Most active CBOT wheat futures up 0.4 pct at $5.10-1/4 per bushel (0039GMT)
- Most active corn futures up 0.1 pct at $3.69-3/4 per bushel
- Most active soy futures up 0.3 pct at $8.60-3/4 per bushel
- Most active rice futures unchanged at $10.69 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- World Bank SSA state of the region today/tomorrow 9pm ET/1am GMT
- IMF/World Bank meetings continue in Bali, Indonesia
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Ex-Nigerian president Obasanjo backs former deputy for 2019 election
- Spike in ebola cases pushes Congo outbreak to ‘tipping point’ – aid workers
- Zimbabwe stock market hits record high as investors seek a safe haven
- Sierra Leone axes plan to build Chinese-funded airport
- Africa Crude – Nigerian diffs drift, Vitol offers Qua in Rotterdam
- Egyptian military court sentences 17 to death over church bombings
- WHO sees Congo’s ebola outbreak lasting 3-4 months at least
- South African rand buoyed by US inflation miss, stocks fall to 15-mth low
- South Africa’s radical left-wing party denies receiving corrupt funds
- Egypt’s stock exchange reduces trading halt times to 10 minutes
- Zambia, Uganda currencies seen falling, Ghana’s firm; in week ahead
- OPEC says oil market well supplied, wary of 2019 surplus
- Acacia Mining says employee in Tanzania charged with corruption
- South African insurer Sanlam seals $1 billion deal for Morocco’s SAHAM
- Aid agencies eye solar power to replace volatile, costly fuel
- Uganda’s SafeBoda ride-hailing services hopes to expand across Africa
- Seacrest-backed oil, gas unit Azinam abandons Namibia offshore well
- South Africa’s manufacturing output up 1.3 pct
- Evicted Kenyans demand compensation after mining firm exits
- Angola could partially list oil company Sonangol
- South Africa confirms Saudi interest in state arms firm
- Shell sees Nigeria corruption trial lasting many months – memo
- Ugandan shilling little changed ahead of tax payments
- Egypt central bank signs $3.8 bln finance accord with international banks
- Tanzanian businessman abducted by unidentified men – official
N.B. Full stories of above headlines are available on Reuters
