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
