#Africa #Markets | 15 Oct

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


  • 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

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