By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares falter from 1-1/2-mth highs, markets wary about China data
- MSCI ex-Japan skids 0.7 pct, Tokyo on public holiday
- Chinese shares in red, E-Minis stumbles too
- Investors expect volatility to increase this week
Oil Markets
- Oil prices edge up on OPEC-led supply cuts, lower US drilling activity
- Brent crude futures up 0.5 pct at $60.75 per barrel (0040GMT)
- US WTI futures up 0.4 pct at $51.81 a barrel
Precious metals
- Gold prices edge higher on expectations of Fed pause
- Spot gold up 0.2 pct at $1,289.50 per ounce (0040GMT)
- US gold futures steady at $1,289.90 per ounce
Grains
- Wheat extends gains into second straight session
- Most active CBOT wheat futures up 0.1 pct at $5.20-1/4 per bushel (0136GMT)
- Most active corn futures up 0.1 pct at $3.78-1/2 per bushel
- Most active soy futures down 0.1 pct at $9.09-1/4 per bushel
- Most active rice futures down 0.2 pct at $10.75 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Nigeria’s chief justice to be arraigned for incomplete assets declaration today [Largely considered ill-timed & political since it is coming about a month to crucial polls; a negative]
Key African events or data releases over the weekend & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Morocco’s Amazigh want their new year to become official holiday
- Congo should recount presidential election vote – Southern African bloc
- Security forces clash with demonstrators in three Sudanese cities
- Egypt shuts six ports due to bad weather
- 150 pct price rise fails to fill Zimbabwe’s fuel pumps
- Egypt settles $39 mln dispute with Mercedes-Benz importer – ministry
- Egypt plans $2 billion worth of Samurai bonds – govt sources
- Egypt to issue foreign bonds worth $3 bln – $7 bln – finmin
- Southern African bloc calls for recount of Congo’s contested election
- Congo should consider unity govt – Southern African bloc
- US medic declared ebola-free, leaves Nebraska quarantine
- Zimbabwe plans new currency as dollar shortage bites – finmin
- Nigeria’s top judge to face trial on asset declaration charges
- Sudan protests death toll rises to 24 – fact-finding committee
- South Africa’s ANC says central bank should broaden economic focus
- Congo ruling coalition wins legislative majority, constraining president-elect
- South Africa’s ANC does not want to tweak central bank mandate – top official
- South Africa’s ANC says job creation, growth should influence monetary policy
- Congo forces surround presidential runner-up’s residence
- UAE energy minister says average oil price in 2018 was $70 a barrel
- Gabon’s Bongo names new prime minister after thwarted coup attempt
- Zimbabwe plans new currency as dollar shortage bites – finmin
- Africa currency bloc members aim to issue $4.82 bln in debt in 2019
- Explosion sparks fire at Aden refinery, cause unknown
- EU wheat rebounds from 1-wk low as export hopes lift Chicago
- Congo election runner-up to press fraud dispute in court
- Burkina Faso extends state of emergency in north by 6 months after attack
- Security forces fire tear gas as more protests hit Sudanese cities
- Africa Crude – Sonangol sells Dalia, Nigerian supported
- Fund battling AIDS, TB and malaria seeks $14 bln to invigorate fight
- Losing Congo presidential candidate’s campaign says he won in landslide
- India’s Bharti Airtel to give Tanzania bigger stake in local telecoms firm
- Ivory Coast cocoa bean quality hit by dry weather, financing woes
- SADC bloc calls for calm in DRC amid election outcome dispute
- Stakeholder denies that Togo’s Ecobank faces Nigerian investigation
- Airtel Tanzania gives up part of its stake to govt – president’s office
- Ugandan shilling strengthens, drawing support from pending taxes
- South Africa’s Sibanye-Stillwater extends debt covenants
- Uganda aims to impose penalties on distributor for power outages
- South African assets firm on Fed chief’s “patient” comments
- Kenya 2019/20 budget deficit forecast to fall, overall spending to rise – finmin
- South Africa’s SA Express airline hopes to break even by FY-end – spokesman
N.B. Full stories of above headlines are available on Reuters