By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asia shares pare losses as China rallies on stimulus hope
- Nikkei falls 1 pct, leads more losses in Asia
- Market anxious ahead of rush of US earnings
- Saudi Arabia, Italy, Brexit keeps geopolitics in focus
Oil Markets
- Oil edges up on looming Iran sanctions, but US-China trade war caps gains
- Sanctions against Iran oil exports to start Nov. 4
- US rig count highest since 2015
- ICE to launch new US crude export futures contract
- Other producers will struggle to replace Iran shortfall – IEA
- Brent crude oil futures up 10 cents at $79.88 a barrel (0248GMT)
- US WTI crude futures up 19 cents at $69.31
Precious metals
- Gold inches higher as Asian stocks slip
- Spot gold up 0.1 pct at $1,227.56 an ounce (0039GMT)
- US gold futures up 0.2 pct at $1,230.60 an ounce
Grains
- Soybeans fall to near 2-wk low as US exports slow
- Most active CBOT wheat futures down 0.6 pct at $5.11-1/2 per bushel (0119GMT)
- Most active corn futures down 0.3 pct at $3.66 per bushel
- Most active soy futures down 0.1 pct at $8.56 per bushel
- Most active rice futures unchanged at $11.23 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Botswana, Namibia presidents in Geneva for UNCTAD World Investment Forum #WIF2018
Key African events or data releases over the weekend & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Author of critical book on Egypt’s economy arrested: sources, wife
- Ethiopia signs peace deal with rebels from gas-rich region
- Nigeria deploys special security force after 55 killed in Kaduna state
- Nigerian unions threaten to resume strike unless govt acts on minimum wage
- At least 14 killed in violence in eastern Congo’s ebola zone
- Comoros places governor of strife-torn Anjouan under house arrest
- Tunisia’s UGTT union cancels national strike after govt deal
- Exiled Ethiopian Olympic runner who protested against govt returns home
- Egypt extends state of emergency for 3 months
- Hundreds of migrants storm Spanish enclave in North Africa, one dies
- Egypt’s EGX30 index falls after govt signals delay to IPO programme
- Return to Egypt revives memories of desert battle for British veterans
- Tanzania arrests 104 people for plotting “radical camps” in Mozambique
- Congo’s controversial voting machines start arriving
- African billionaire returns home unharmed after release by kidnappers – police
- Tunisia to sell eurobonds worth $1 bln early next week – govt source
- Egypt commends ‘decisive’ and ‘brave’ actions by Saudi king over Khashoggi case
- Liberia launches investigation into US charity after rape allegations
- Ghana’s 91-day bill rises 13.75 pct
- Court ot hear MTN’s case against Nigeria’s central bank in $8.1 bln transfer row
- Libya’s Hariga oil port operating normally following protest – workers
- US official optimistic Congo ebola outbreak can be controlled
- Africa Crude – Angola’s December cargoes start trading
- Russia to send more military trainers, equipment to Central African Republic
- Comoros authorities sign pact to end standoff on island
- Detained former head of Ethiopian region tried to escape – police
- Guards on Hong Kong-flagged ship repel pirates off Somalia coast – EU force
- African bank Oragroup to launch largest ever IPO on Abidjan bourse
- Acacia Mining looks to force talks on Tanzania dispute
- Cameroon court rejects all petitions calling for re-run of elections
- Tanzania police work with Interpol to search for abducted tycoon
- South African dairy firm Clover says in takeover talks, shares soar
- Ugandan shilling unchanged; dollar demand slow
- Kenyan shilling steady, remittances match importer dollar demand
- Egypt postpones Eastern Tobacco share offering
- Kenyan ex-sports minister charged over Rio Olympics graft
- Kenya’s lone ice-hockey team has Olympic-sized dreams
- Kenya to set up gold refinery to help small miners
- Cameroon court rejects all petitions calling for re-run of elections
- Acacia threatens to invoke investment treaty in Tanzania dispute
- MTN Ghana revenue rises, driven by mobile money service
- Bank of Kigali prices its cash call at 270 francs per share
N.B. Full stories of above headlines are available on Reuters