#Africa #Markets | 2 Sep

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Stocks shiver as new US-China tariffs add to global gloom
  • US stock futures down 0.4%, Hong Kong leads loss in Asia
  • US tariffs seen hitting US consumers
  • Hong Kong protests escalate

Oil Markets

  • Oil falls amid new round of tariffs in US-China trade war
  • Brent down 0.7% at $58.83 a barrel (0041GMT)
  • WTI down 0.5% at $54.83

Precious metals

  • Gold prices rise as US, China kick off new round of tariffs
  • Spot gold up 0.6% at $1,528.31/oz. (0048GMT)
  • US gold futures up 0.5% at $1,537.70/oz.

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

  • Xenophobia protest in South Africa
  • South Africa total new vehicle sales Aug-19 [prev. 46.1K]
  • 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]

  • Libya’s oil & gas revenues rose to $2.1 bln in July – NOC
  • Egypt scraps customs exchange rate as of Sept. 1
  • Head of Congo’s public finances watchdog questioned by authorities
  • Sudan’s ex-president Bashir charged with corruption, holding illicit foreign currency
  • South Africa’s rand firmer, trade hopes lift stocks to 3-wk high
  • Tunisia central bank holds key interest rate unchanged at 7.75 pct
  • Africa Oil – Southeast Asian interest flickers for Nigerian light sweet oil
  • South Africa’s African Rainbow Minerals to moth-ball loss-making Nkomati mine
  • South African defence company Denel gets 1.8 bln rand state bailout
  • Satellite data shows hunger looming in Senegal, Mauritania
  • South Africa’s trade balance swings to surprise deficit in July
  • Zambia bails opposition leader charged with defaming president
  • Ethiopia to install 4G network ahead of telecoms liberalisation
  • Rwanda’s Bank of Kigali first half pretax profit falls 3%
  • Ebola death toll in east Congo outbreak climbes above 2,000
  • Tanzania lawyers urge speedy trial, medical help for prominent jailed journalist
  • South Africa’s Discovery warns of falling full-year profits
  • Kenya inflation falls to 5.0% y/y in August
  • Botswana’s Shumba Energy plans coal-to-liquids plant with Chinese firms
  • South Africa’s credit demand growth quickens to 7.19% in July
  • Uganda says latest ebola patient to be returned to Congo
  • Vietnam’s Binh Son refinery buys first Nigerian crude cargo – sources
  • African lender says China not trying to lead region into ‘debt trap’

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

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