By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asia stocks dented by trade war, Brexit showdown paralyses pound
- British pound rocked by Johnson’s election threats
- US bond yields up slightly after sharp fall in Aug
Oil Markets
- Oil falls as South Korea growth revision highlights trade war impact
- Brent down 7 cents at $58.59 a barrel (0055GMT)
- WTI down 32 cents at $54.78
Precious metals
- Gold prices ease as firmer dollar weighs
- Spot gold down 0.3% at $1,525.64/oz. (0111GMT)
- US gold futures up 0.3% at $1,533.8/oz.
Grains
- Wheat hovers near 4-mth low on global supply glut
- Most active CBOT wheat futures down 0.1% at $4.62 per bushel (0038GMT)
- Most active corn futures down 0.2% at $3.69 per bushel
- Most active soy futures down 0.7% at $8.63-1/4 per bushel
- Most active rice futures down 0.3% at $11.92 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- South Africa GDP Q2-2019 [fcst. 2.0% qq saa, prev. -3.2%]
- Nigeria GDP Q2-2019 [fcst. 2.5% yy, prev. 1.9%]
- South Africa ABSA manufacturing PMI Aug-19 [prev. 52.1]
- South Africa’s Ramaphosa to meet global leaders “The Elders”
- Arrivals for WEF Africa 2019 in Cape Town; 4-6 Sep
- South Africa state capture inquiry continues
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Nigeria insecurity requires urgent attention, UN rapporteur warns
- South Africa mining union says de-registration halted
- Former Congo health minister questioned over ebola spending
- Africa Oil – Nigerian August export volume to China spikes
- South African rand flat as investors await GDP data
- Burkina Faso coup leaders given lengthy jail sentences
- Algeria army chief calls for elections this year
- Kenya’s central bank approves Kenya’s KCB Group acquisition of NBK
- Fifteen dead in building collapse in Mali’s capital
- South African fuel prices inch up in Sept after rand slide
- Egypt ending of monthly customs rate may raise inflation – analysts
- South African police dozens after riots in Johannesburg
- German minister calls colonial-era killings in Namibia “genocide”
- Tunisia candidates start their presidential campaigns
- Botswana to hold national & local elections on Oct. 23
- Uganda shilling biased toward stronger side on flat importer appetite
- Egypt’s natural gas production rises to 7 bln cubic feet per day – senior official
- Kenya shilling weakens due to energy sector demand, excess liquidity
- Egypt’s fuel subsidy bill falls to around $5.15 bln in FY 2018-2019 – senior official
- South Africa’s RCL Foods reports 60.8% drop in full-year earnings
- South Africa’s Old Mutual reports 10% rise in half-year profit
N.B. Full stories of above headlines are available on Reuters