By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares resume descent
- Oil prices up on Saudi tensions
- Pound falls after no Brexit agreement reached before EU summit
Oil Markets
- Oil prices rise amid Saudi tensions, but demand outlook drags
- South Korea imported no Iran crude in September
- IEA has trimmed its demand outlook
- Brent crude futures up 1.2 pct at $81.41 a barrel (0124GMT)
- US WTI crude futures up 1.1 pct at $72.15 a barrel
Precious metals
- Gold rises as Asian shares dip amid China concerns
- Spot gold up 0.3 pct at $1,220.66 an ounce (0102GMT)
- US gold futures up 0.2 pct at $1,224.1 an ounce
Grains
- Corn, soybeans ease after 2-day rally on lower US output
- Most active CBOT corn futures down 0.4 pct at $3.72-1/4 a bushel (0231GMT)
- Most active wheat futures down 0.1 pct at $5.16-3/4 a bushel
- Most active soy futures down 0.2 pct at $8.65-3/4 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Nigeria inflation data for Sep-18 expected [fcst. 11.5%, prev. 11.2%]
Key African events or data releases over the weekend & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- “Innocent bystanders”: Emerging economies struggle to contain capital outflows
- Egypt calls for transparent investigation of Khashoggi case
- Egypt’s SODIC says seeking to take over Madinet Nasr
- Death toll from twin suicide bombings in southern Somalia rises to 20
- Islamic State in Nigeria might soon kill health workers, schoolgirl – ICRC
- Sudan pound strengthens for first time since devaluation
- Egypt court upholds death sentences for three suspected militants
- Congo migrants flood home, Angola denies claims of brutal crackdown
- French prosecutor recommends dropping probe of 1994 Rwanda president killing – source
- Egypt minister sees no threats attached to China investment
- Death toll rises to 20 after suicide bombings in southern Somalia
- Soccer-Ighalo hat-trick takes Nigeria closer to Nations Cup place
- Soccer-Injury forces Salah out of Egypt qualifier
- Lavrov says Russia keen to boost airline security with Egypt
- Kenya’s ex-sports minister to be charged over Rio Olympics graft
- Egypt looks to tap Asian debt markets under debt restructuring
- UN employee in eastern Congo tests positive for ebola
- Soccer-Cameroon get first win for Seedorf, Salah injured in Egypt victory
- Nigerian opposition candidate Abubakar picks 2019 election running mate
- Fire on southeast Nigerian state oil pipeline kills 19 people – NNPC
- Madagascar guides fret about the future as loggers destroy forests
- Africa Crude – IOC mops up some Nigerian overhang
- Egypt says to check hotels at Red Sea resort where British couple died
- South African rand rallies as Moody’s seen holding fire, stocks rebound
- UN says 833 children released by Nigerian militia group
- In sign of better relations, Rwandan heads Francophonie body
- Kenya’s KenGen says new geothermal plant nearly ready
- South Africa’s Exxaro looks to fill Eskom coal shortage
- Vietnam seizes 13 rhino horns shipped from South Africa
- South African anti-apartheid veteran Tutu discharged from hospital
- Kenyan shilling firms amid excess liquidity in money markets
- South Africa’s Tiger Brands re-opens processing facility after listeria outbreak
- Pik Botha, global face of South Africa’s apartheid state, dies at 86
- Political rift in Ivory Coast raises concerns for 2020
- Landslide kills 31 in eastern Uganda
N.B. Full stories of above headlines are available on Reuters