#Africa #Markets | 29 Oct

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • China growth woes curb Asian shares, US equity futures turn down
  • E-mini futures for S&P 500, Nikkei turn red
  • Poor industrial profits data from China weighs on sentiment
  • Tokyo-listed Brazilian stock exchange ETF jump after election

Oil Markets

  • Oil dips as markets remain cautious on trade concerns
  • Analysts expect global trade slowdown
  • Oil markets in Asia remain tight ahead of Iran sanctions
  • US rig count at March 2015 high
  • Brent crude oil futures down 6 cents at $77.56 a barrel (0430GMT)
  • US WTI crude futures flat at $67.59 a barrel

Precious metals

  • Gold prices nudge down as Asian stocks gain
  • Spot gold down 0.1 pct at $1,232.54 an ounce (0055GMT)
  • US gold futures down 0.1 pct at $1,234.70 an ounce

Grains

  • Wheat prices climb nearly 2 pct to hit 10-day high
  • Most active CBOT wheat futures up 1.8 pct at $5.14-1/2 per bushel (0024GMT)
  • Most active corn futures up about 1 pct at $3.71-1/4 per bushel
  • Most active soy futures up 0.8 pct at $8.51-1/2 per bushel
  • Most active rice futures up 0.6 pct at $10.99 per hundredweight

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

  • G20 Africa summit in Berlin today; 29-30 Oct

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

  • South Africa’s MTN quarterly subscribers edge up
  • African countries should ‘decolonise’ water, recognise customary rights – report
  • Tribesman stage protest at Libya’s El Sharara oilfield
  • South African home affairs minister says he was blackmailed over sex video
  • Zambia to look at rebasing economy size in 2019 – finmin
  • Russia not helping to stabilise CAR – France
  • eSwatini king appoints MTN executive as prime minister – local media
  • Athletics – Kenyan Kiptum sets half-marathon world record in Valencia
  • Former South African finance minister says blackmailed after sex video leaked
  • Saudi’s SABIC looking for Africa investment opportunities
  • Libyan commander Haftar to attend Sicily conference, Italy says
  • Congo ruling coalition rallies supporters before presidential election
  • Ex-South African president De Klerk hospitalised for lung ailment
  • US wheat up 3 pct after multi-month lows, Egypt tender eyed
  • Nigeria aiming to resolve MTN dispute and soothe investor fears – minister
  • South Africa raises $55 billion so far in investment pledges
  • Ghana’s 91-day bill rises to 13.91 pct
  • Africa Crude – Tenders mop up Nigerian crude, Forcados offered in window
  • South Africa’s rand recovers as firms pledge $20 bln investment
  • Saudi Arabia’s ACWA Power says to invest $658 mln in South Africa
  • Telecoms firm Vodacom says to invest $3 bln in South Africa
  • McDonald’s to invest $205 mln in South Africa over next 5 years
  • Carmakers pledge to invest over $3 bln in South Africa
  • InterCement sells Portugal, Cape Verde units to OYAK for $795 mln
  • Tunisia ready for Open Skies agreement with Europe – PM
  • UN condemns human rights abuses in expulsion of Congolese from Angola
  • Gold output at Randgold’s Ivorian mine to fal 23.3 pct below 2018 forecast
  • Juncker says North Africa migrant “camps” not on EU agenda
  • Ethiopia announces $7 bln in new road, power public-private projects
  • Rhythms of slavery draw tourists to Moroccan village
  • Namibia scraps black ownership rules for mining exploration licenses
  • When do-gooders do harm: Liberia rape scandal shifts aid sector spotlight
  • South Africa’s Aspen to invest $231 mln in sterile anaesthetics manufacturing
  • Kenyan shilling steady, forecast weaken due to energy sector demand
  • Vedanta says will invest $700-$800 mln in South Africa smelter
  • Moody’s says weaker South African fiscal outlook a credit negative
  • South Africa’s Ramaphosa says turning economy around
  • South Africa’s committed to protecting property rights – Ramaphosa
  • South Africa’s Naspers to invest $315 mln in technology expansion

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

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