By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares falter as US-China trade war, recession worries weigh
- MSCI Asia ex-Japan -0.17%
- Gold regains some lustre near $1,500/oz
- Sterling near Jan. 2017 lows vs. dollar
Oil Markets
- Oil prices fall on worries over demand growth outlook
- Brent down 0.5% at $58.25 a barrel (0007GMT)
- WTI down 0.4% at $54.28
Precious metals
- Gold lingers near $1,500/oz. on trade, recession concerns
- Spot gold steady at $1,496.99/oz. (0114GMT)
- US gold futures flat at $1,508.50/oz.
Grains
- US corn, soybeans ease ahead of key USDA report
- Most active CBOT wheat futures down 0.4% at $4.97-1/2 per bushel (0035GMT)
- Most active corn futures down 0.7% at $4.14-3/4 per bushel
- Most active soy futures down 0.6% at $8.86-3/4 per bushel
- Most active rice futures unchanged at $11.37 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Guinea’s Conde in Nigeria
- South Africa PIC inquiry resumes
- South Africa state capture inquiry resumes
Key African events or data releases over the weekend & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- WHO says no new ebola cases in Goma, vaccinates over 1,300
- Car bomb explodes in Libya’s Benghazi, killing 3 UN staff
- South Africa’s Ramaphosa asks court to seal certain documents in legal battle
- UN condemns Libya car bomb that killed 2 UN staff
- Landlocked eSwatini report says ministers must tighten belts to help lift economy
- Libya’s Haftar announces halt to military operations during Eid al-Adha
- Tanzania tanker blast kills dozens as crowd siphons fuel
- Libya govt accepts UN ceasefire proposal, implementation unclear
- Ethiopia to hold national election next year
- Ethiopia’s ruling coalition confirms national election next year
- Senior West African crude oil trader leaves Glencore – sources
- Kenya’s East African Portland Cement withdraws notice dismissing workforce
- Nigeria naira weakens on falling oil prices, lower bond yields
- African Oil – Angolan September cargoes clear
- Burkina forces move to secure attacked Avesoro mine after 1 killed
- Somalia says blind female suicide bomber killed Mogadishu mayor
- Zambia asks Glencore unit to rescind mine shaft closures
- Tunisia PM Chahed enters crowded race in presidential vote
- Ivory Coast cocoa season grindings up 8% to 455,000 T – exporters
- UK, US urge Tanzania to respect “due process” after journalist arrested
- Kenya shilling firms against the dollar
- Uganda shilling inclined on weaker side on interbank appetite
- Demand for Nigerian oil “dire” as US competition ramps up
- Kenya’s KCB Group to boost investments in South Sudan
- Eritrea’s military service still “repressive” despite peace deal – HRW
N.B. Full stories of above headlines are available on Reuters
