By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asia stocks bounce on firmer Chinese lead, pound steadies
- MSCI Asia-Pacific index up 0.5%, Shanghai stocks rise 0.45%
- Benchmark US yields hover near 3-yr lows
- Sterling regains some ground after Johnson setback in parliament
Oil Markets (3 Sep)
- Oil sinks as manufacturing data feeds global economy worries
- Brent down 0.7% at $58.26 a barrel
- WTI down 2.1% at $53.94 a barrel
Precious metals
- Gold prices steady as economic growth woes dent risk sentiment
- Spot gold up 0.1% at $1,548.31/oz. (0121GMT)
- US gold futures steady at $1,555.6/oz.
Grains
- US wheat futures rebound as harvest pace lags
- Most active CBOT wheat futures up 0.8% at $4.57-1/4 per bushel (0118GMT)
- Most active corn futures up 0.3% at $3.62 per bushel
- Most active soy futures down 0.1% at $8.67-1/2 per bushel
- Most active rice futures nearly unchanged at $11.98 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- World Economic Forum Africa 2019 in Cape Town; 4-6 Sep
- South Africa Standard Bank PMI Aug-19 [prev. 48.4]
- Nigeria Stanbic IBTC PMI Aug-19 [prev. 54.6]
- Sudan PM to announce new cabinet
- 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]
- Bomb explodes under bus in Mali, at least 14 killed
- Egypt sees lower budget deficit, higher primary surplus in FY 2019/20
- Tunisia court upholds continued detention of presidential candidate
- Africa Oil – Angolan diffs edge down
- South Africa’s rand firms on positive GDP data, stocks flat
- ‘No safe place’: South African women suffering ‘epidemic’ of violence, activists warn
- South African police make more arrests as riots spread
- Ethiopia opposition parties threaten election boycott
- Sudan’s PM selects members of first cabinet since Bashir’s ouster
- Zimbabwe state doctors strike over pay as economy struggles
- Guinea-Bissau police say 1.8 tonnes of cocaine seized in biggest ever haul
- Nigeria’s economic growth slows for second quarter
- Tanzania lawmakers protest against expulsion from parliament of critic of president
- Zambia mining firms say mineral royalties should be capped at 7.5%
- Sudan’s PM chooses 14 members of first cabinet since Bashir’s ouster
- South Africa’s gross domestic spending up 3% in second quarter
- South African economy expands 3.1% in second quarter
- Uganda shilling flat as commodity export flows help
- Kenya’s shilling loses ground due to importer demand, liquidity
- Nigeria’s economy grew 1.94% in Q2 – stats office
- Engie buys African offgrid solar firm Mobisol
- Zimbabwe state doctors go on strike over pay
- Egypt’s non-oil business activity slips back into contraction in Aug – PMI
N.B. Full stories of above headlines are available on Reuters
