By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Wall Street futures, Asia stocks jump back on GOP’s house prospects
- Shares gain as Republicans seen faring better than expected
- Dollar erase losses, US bond yields near 7-yr peak
- Trade worries likely to remain regardless of election outcome
Oil Markets
- Oil pirces extend falls on well supplied market, Iran sanction waivers
- Brent crude down over 17 pct since Oct, WTI down 20 pct
- Iraq plans output rise to 5 mln bpd in 2019
- US grants Iran’s biggest customers sanction waivers
- US WTI crude oil futures down 0.7 pct at $61.79 a barrel (0053GMT)
- Brent yet to trade
Precious metals
- Gold gains on weaker dollar; US election in focus
- Spot gold up 0.2 pct at $1,228.40 per ounce (0118GMT)
- US gold futures up 0.3 pct at $1,229.7 per ounce
Grains
- Wheat drops from 1-wk high; US crop condition caps losses
- Most active CBOT wheat futures down 0.2 pct at $5.11-1/4 per bushel
- Most active soybean futures down 0.1 pct at $8.83 a bushel
- Most active corn futures down 0.5 pct at $3.71-1/2 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Africa Investment Forum by AfDB in Johannesburg today; 7-9 Nov
- South Africa FX reserves data for October expected [prev. $50.394B]
- South Africa SACCI business confidence data for October [prev. 93.3]
- Prince Charles & wife state visit to Nigeria (day 2)
- Madagascar presidential election today
- Africa oil week in Cape Town continues; 5-9 Nov
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Feature – As slavery evolves in Mauritania, silent victims prove harder to find
- Cameroon leader tells seperatists to down arms after child kidnappings
- Madagascar set to vote in presidential election
- Egypt’s Sisi orders review of law curbing NGOs
- Thomas Cook plans hotel hygiene checks after Egypt deaths
- Nigerian unions, govt agree minimum wage to avert strike
- Egypt’s Sisi says army will defend Gulf Arabs in case of direct threat – newspaper
- Africa Crude – Nigerian diffs hold steady but buyers say prices too high
- Uranium levels force Glencore unit Katanga to halt cobalt exports
- Four of six rare black rhions die after move to Chad
- Ghana lauches commodity exchage for agric products
- Sudan in push for oil sector investment
- Mozambique offers to share gas revenue in “tuna bond” restructuring
- Standard Bank urges Brazilian firms to tap Africa market
- ABC Holding selling 24.9 pct in lender BancABC Botswana
- Thousands hiding in Central African Republic hospital risk attack – charity
- Lebanon minister apologies to Egypt for insulting its cleanliness
- Mauritanian activists hail US decision to end trade deal over slavery
- Kenya’s Safaricom takes M-Pesa global with Western Union
- Republic of Congo launches oil exploration licensing round
- Nigeria’s Mona Lisa shown at home for first time since it resurfaced
- Nigeria senate to probe state oil firm over Nigeria LNG revenues
- Uganda to launch next oil exploration bidding licence round next May
- Nissan signs deal to build assembly plant in Ghana
- South Africa’s Ramaphosa says shutting SAA could collapse public finances
- Tullow sees first Kenyan crude shipments in first half 2019
- Randgold ready to mediate in Acacia’s Tanzania row before Barrick tie-up
- Dry weather forces Mauritius to cut 2018 sugar output forecast again
- Feature – South African shack-dwellers’ movement fights for urban land reform
- EU tax haven blacklist drops to five with removal of Namibia
- 17 migrants perish crossing from Africa to Spain – Spanish Coast Guard
- South Africa’s Group Five says Ghanaian power project delayed
- Feature – Seeds of change: Mali farmers fight drought with hybrid crops
- Egypt central bank says to target inflation as part of monetary policy
- Sarwa Capital’s IPO prospectus contained no irregularities – Egypt’s Beltone
- Mozambique dollar bond jumps 7 cents after Maputo announces restructuring deal
- Ugandan shilling unchanged as players eye offshore inflows
- Mozambique to share gas revenue in ‘tuna bond’ restructuring – finmin
- Randgold says Q3 profit jumps helped by lower costs
- Feature – In Israel, African migrant families battle hunger, trauma
- South Africa’s Harmony Gold Q1 output surges on Hidden Valley, Moab Khotsong
N.B. Full stories of above headlines are available on Reuters
