By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asia shares ride Wall St bounce, China muted
- Nikkei up more than 1 pct, but China stocks lag
- Netflix surges on strong results, lifts FANG sector
- Dollar mixed as risk sentiment favours emerging markets
Oil Markets
- Oil prices edge up on surprise drawdown in US crude stockpiles
- Brent crude futures up 0.4 pct at $81.77 a barrel (0007GMT)
- US WTI crude futures up 0.5 pct at $72.27 a barrel
Precious metals
- Gold prices hold steady as investors wait for Fed minutes
- Spot gold up 0.1 pct at $1,224.70 an ounce (0100GMT)
- US gold futures down 0.2 pct at $1,228.30 an ounce
Grains
- Soybean prices extend losses as US harvest pace expected to pick up
- Most active CBOT wheat futures down 0.1 pct at $5.23 per bushel (0042GMT)
- Most active corn futures down 0.1 pct at $3.75 per bushel
- Most active soy futures down 0.1 pct at $8.83-3/4 per bushel
- Most active rice futures down 0.1 pct at $10.87 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- South Africa retail sales data for Aug-18 due [fcst. -0.7% yy, prev. 1.3%]
- Zimbabwe electoral violence inquiry to continue public hearings; after launch yesterday
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Soccer-Madagascar seals first ever Nations Cup berth along with Egypt, Tunisia
- Congo signs deal for $14 bln Inga hydroelectric project
- Congo condemns Angola for violent crackdown on migrants
- Moroccos’s BCP bank seals acquisition of Mauritius unit of France’s BPCE
- Nigerian midwife killed by militants is mourned, Red Cross says it refused to pay ransom
- Nigeria’s Senate to probe alleged $3.5 bln NNPC fuel subsidy fund
- ICRC names abducted midwife killed in Nigeria
- South Africa’s Solidarity union to strike at state-owned defence firm over pay
- Ethiopia creates ‘Peace Ministry’ to tackle violence in sweeping reshuffle
- Inquiry report urges South Africa’s Ramaphosa to fire suspended tax head
- Plate of beans too costly for some as conflict sends food costs rocketing
- South Africa’s Treasury says recession, falling revenue hurt public finances
- Cameroon court hears calls for “irregular” election to be anulled
- South Africa’s rand firms as investors chase riskier assets, stocks up
- African Crude – Angolan exports to dip; Nigerian weaker
- At least seven killed in train derailment in Morocco
- Inquiry into Libyan rebel’s killing threatens to open old wounds
- Botswana’s bourse threatens to delist Choppies over results delay
- US military says 60 al Shabaab militants killed in Somalia air strike
- Zambian power firm CEC divests from telecoms business
- Parts of troubled Libya get 4G telecoms service
- New South African finance minister to keep policy direction intact – Moody’s
- Algeria hopes to have energy law ready by first half of 2019 – Sonatrach CEO
- Case of slain Libyan rebel commander threatens to open old wounds
- Zambian mining group says tax changes will hit mineral exploration
- Kremlin to discuss resumption of flights from Russia to Egypt’s Red Sea resorts
- Wooing investors, Rwanda hosts first tantalum-tracking blockchain
- Ethiopian Airlines to resume flights to Mogadishu next month
- Uganda says landslide death toll rises to 43, begins relocations
- Moody’s ratings review of South Africa to come after next week’s budget – Treasury
- Kenyan shilling firm on investor inflows
- Egypt’s petroleum minister says LNG vessel to leave before weekend
- Recession, falling revenue dent South Africa’s public finances – Treasury
- Egypt’s foreign reserves sufficient to cover imports for 9 mths – statement
- Ethiopia’s PM names Ahmed Shide as new finance minister
- Egypt says agrees $3 bln financing deal with World Bank
- South Africa’s Pick n Pay H1 profit jumps 19 pct as price cuts lure buyers
N.B. Full stories of above headlines are available on Reuters
