By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares buckle to European woes, Saudi anxieties
- Asian shares down 1.3 pct, US stock futures shed 0.8 pct
- World leaders not convinced by Saudi Arabia’s Khashoggi account
- European stocks hit by worries over Italy’s budget
Oil Markets
- Oil prices fall as Saudi Arabia pledges to play ‘responsible role’ in market
- Markets expected to tighten once Iran sanctions kick in
- US sanctions against Iran to start Nov. 4
- Rising US oil output to offset Iran
- Brent crude oil futures down 0.4 pct at $79.52 a barrel (0318GMT)
- US WTI crude futures down 0.3 pct at $69.16 a barrel
Precious metals
- Gold nudges up as Asian shares edge lower
- Spot gold up 0.1 pct at $1,222.53 an ounce (0056GMT)
- US gold futures up 0.1 pct to $1.225.30 an ounce
Grains
- US soybeans hit 2-wk low as harvest peace exceed forecasts
- Most active CBOT wheat futures unchanged at $5.08 per bushel (0120GMT)
- Most active corn futures down 0.1 pct at $3.69-1/4 per bushel
- Most active soy futures down 0.4 pct at $8.55 per bushel
- Most active rice futures up 1.6 pct at $11.22 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Day 2 of UNCTAD World Investment Forum #WIF2018 in Geneva (22-26 Oct); Botswana, Namibia presidents attending
Key African events or data releases over the weekend & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Morocco looks to privatisation to curb budget deficit in 2019 – minister
- Biya wins Cameroon election to extend 36-yr rule
- Africa Crude – Spot trade hampered by slow emergence of export programmes
- South Africa’s rand, stocks swept up in EM rally
- South Africa’s latest finance minister walks budget tightrope to fix ailing economy
- Morocco to deport 141 migrants arrested at Spanish enclave fence
- Kenyan ARM Cement’s administrator seeks asset sale to cut debt, keep it afloat
- Zambia revives plan to cull 2,000 hippos over next five years
- Uganda shilling unchanged as commerical bank, importer demand slumps
- Kenyan shilling weakens against the dollar
- Kenya warns against unlicensed online forex trading
- South African state firm Transnet removes CEO
- South Africa’s Verimark says majority shareholder intends to delist firm
N.B. Full stories of above headlines are available on Reuters
