#Africa #Markets | 30 Oct

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian stocks on edge over escalation in US-China trade tensions
  • US plans more China tariffs if Trump-Xi meeting fails – report
  • Asian shares edgy, on track for worst Oct since 2008
  • Euro declines as Merkel decides to give up party chair job

Oil Markets

  • Oil prices fall on rising supply, global market woes
  • Brent crude oil futures down 0.8 pct at $76.78 a barrel (0040GMT)
  • US WTI crude futures down 0.4 pct at $66.78 a barrel

Precious metals

  • Gold down as dollar gains on US-China trade war fears
  • Spot gold down 0.1 pct at $1,227.92 an ounce (0400GMT)
  • US gold futures up 0.2 pct at $1,229.80 an ounce

Grains

  • US soybeans fall to 6-wk low on USDA harvest report
  • Most active CBOT wheat futures down 0.6 pct at $5.04 per bushel (0113GMT)
  • Most active corn futures down 0.2 pct at $3.66 per bushel
  • Most active soy futures down 0.4 pct at $8.36 per bushel
  • Most active rice futures unchanged at $10.63 per hundredweight

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

  • G20 Africa summit continues in Berlin today; South Africa’s Ramaphosa attending

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

  • Raped then jailed: Mauritanian women fight to end victim blaming
  • Africa Crude – Nigerian diffs edge higher; Angolan drawn straight to China
  • South African central bank readies ground for higher rates
  • South Africa’s MTN says relying on courts to end Nigeria dispute
  • Nigeria military opens fire on Shi’ite Muslim protesters – Reuters witness
  • Pro wrestling proves a hit with Egyptian crowds
  • South Africa’s central bank says worried about inflation, low growth
  • Italy’s Eni strikes deal with Total to boost Algeria operations
  • South Africa’s Nedbank becomes latest firm to drop KPMG
  • South African ex-president de Klerk discharged after lung ailment
  • Off-grid firm BBOXX targets two new African markets with EDF – CEO
  • Italy’s Eni strikes deal with Total to boost Algeria operations
  • Gabon leader has stroke, sources say, govt says it’s fatigue
  • South Africa’s MTN sees debut Nigeria stock market listing in early 2019
  • Zimbabwe’s 2018 budget deficit seen at 11.1 pct of GDP
  • Nine people wounded when woman blew herself up in Tunis – Interior ministry
  • Kenyan central bank sells dollars after shilling weakens
  • South Sudan violence blocking food aid, says UN’s WFP
  • Zimbabwe lithium miner sees first production in Q2 next year
  • Airtel Africa says IPO plans on track
  • Kenyan shilling under pressure against the dollar from importer demand
  • Uganda shilling unchanged, may firm on offshore inflows for bond sale
  • UAE’s RAK Gas signs production sharing agreement with Zanzibar
  • In rain-short Mali, villagers enlist irrigation to ward off extremism
  • South African credit demand growth slows to 6.26 pct in September
  • Sout Africa’s MTN quarterly subscribers edge up
  • African countries should ‘decolonise’ water, recognise customary rights – report

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

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