By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

• Stocks plunge as global growth, US earnings spook investors
• MSCI ex-Japan down over 18 pct this year, Nikkei at 6-mth lows
• Wall St suffers worst 1-day fall since 2011
• Chip stocks hammered amid earnings, economic worries

Oil Markets

• Oil prices fall one pct amid global stock market slump
• Brent crude futures down 1 pct at $75.42 per barrel (0043GMT)
• US WTI crude futures down 0.9 pct at $66.23 a barrel

Precious metals

• Gold climbs towards 3-mth peak as equity rout sparks safe-haven rush
• Spot gold up 0.3 pct at $1,237.04 an ounce (0357GMT)
• US gold futures up 0.7 pct at $1,239.70 an ounce

Grains

• Wheat prices extend losses, linger near 6-wk low
• Most active CBOT wheat futures down 0.4 pct at $4.97-1/2 per bushel (0021GMT)
• Most active corn futures down 0.3 pct at $3.67-1/4 per bushel
• Most active soy futures down 0.1 pct at $8.49-3/4 per bushel
• Most active rice futures down 0.4 pct at $11.02 per hundredweight

Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]

• South Africa Investment Summit today
• South Africa producer inflation data for Sep-18 due [fcst. 6.1% yy, prev. 6.3%]

Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]

• Kenyan central bank sets next rate-setting meeting for Nov. 27
• South African bonds, rand extend losses after budget
• Nigeria’s Diamond Bank directors quity, paving way for recapitalisation
• Sudan says progress on Nile dam timeline with Ethiopia, Egypt
• Renewed fighting kills at least 10 in Cameroon’s Anglophone region
• Libya hopes rare Benghazi oil conference will mend rifts
• Kenya watchdog probes share trades linked to KenolKobil bid
• West Africa’s ebola outbreak cost $53 bln – study
• Mali’s first independent power project to start up next week
• Libya producing up 1.3 mln bpd of oil – NOC
• Nigeria proposes 8.73 tln naira 2019 draft budget – budget minister
• Namibia says economy to shrink 0.2 pct this year
• Africa Crude – Traders await tender results, high freight hampers trade
• Recession-bound South Africa sees wider budget deficits, low growth; rand dips
• South Africa’s Long4Life enters healthcare sector with ClaytonCare acquisitions
• South African finmin says markets will recover after studying budget
• Budget disappointment knocks South Africa dollar bonds
• Algerian lawmakers oust parliament speaker, elect youthful replacement
• Libya hopes rare Benghazi oil conference will mend rifts
• Egypt aiming for late 2018 or early 2019 for foreign currency bond issue – minister
• Sudan PM announces ‘strict austerity’ in emergency economic reforms
• Malawi inflation to average between 9.3 pct and 9.5 pct in 2018 – cbank
• Ugandan shilling unchanged amid a sell-off by commercial banks
• Warring parties in South Sudan abducted hundreds of women and girls – UN
• South Africa CPI flat at 4.9 pct yy in September
• Airtel Africa raises $1.25 bln from SoftBank, five other investors

N.B. Full stories of above headlines are available on Reuters