By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Confirmation of US-China trade talks buoys shares, investor spirits
- Brexit vote boosts global shares
- HK tension eases for now, but concerns remain
- Oil pulls back in Asia after strong rally overnight
Oil Markets
- Oil prices slip after surprise build in US inventories
- Brent down 0.3% at $60.52 a barrel (0040GMT)
- WTI down 0.4% at $56.03
Precious metals
- Gold eases as equities gain on Brexit, Hong Kong progress
- Spot gold down 0.5% at $1,544.66/oz. (0133GMT)
- US gold futures down 0.2% at $1,557.8/oz.
Grains
- Corn rebounds from 4-mth low, US crop prospects cap gains
- Most active CBOT wheat futures down 0.1% at $4.60-1/2 per bushel (0042GMT)
- Most active corn futures up 0.1% at $3.59 per bushel
- Most active soy futures down 0.1% at $8.74-1/2 per bushel
- Most active rice futures down 0.2% at $11.96 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Nigeria special envoy due in South Africa for xenophobia violence fact-finding
- South Africa EFF’s Malema press conference
- World Economic Forum Africa 2019 in Cape Town, South Africa; 4-6 Sep
- 2019 African Green Revolution Forum in Accra, Ghana; 3-6 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]
- Ebola survivors face kidney problems and risk of premature death
- Youngest son of Egypt’s ousted Islamist President Mursi dies
- Nigeria uses tax credits for private firms to boost infrastructure
- Ivory Coast president appoints new finance and agriculture ministers
- Nigeria boycotts Africa economic summit over anti-foreign riots
- Nigeria police says to boost security at embassies, foreign businesses
- Business leaders urge South Africa’s Ramaphosa to reform faster
- Nigeria vice president to boycott financial summit in South Africa – foreign minister
- Africa Oil – Buyers wait for Nigerian offers to ease
- Under siege in Nigeria, South African businesses shut stores
- South Africa’s rand extends rally to 4-wk high, stocks up
- Morocco, Spain to bolster cooperation to curb illegal migration
- South African court orders release of impounded Tanzanian plane in compensation dispute
- Uganda oil pipeline plan suspended due to collapse of Tullow-Total deal
- UN warns of Burundi atrocities as “divine” ruler eyes 2020 election
- Nigeria state oil company’s trading arm Duke leaves London for Dubai
- South Africa’s ailing Eskom faces emissions violations, could shut plants
- Russia’s VTB: Mozambique must restructure loan by year-end
- Ramaphosa says South Africa must quell attacks on foreigners as summit starts
- South African defence firm RDM’s turnover hurt by export headaches – CEO
- Kenya shilling weakens against the dollar
- Several Shoprite stores in South Africa, Nigeria & Zambia closed
- Zimbabwe proposes designating health services as essential amid doctors’ strike
- MTN Nigeria says all stores will be closed after anti-South African attacks
- Uganda shilling unchanged, inclined on stronger side
- Egypt net foreign reserves rise to nearly $45 bln in August – cenbank
- South Africa’s Eskom cannot rule out more power cuts – acting CEO
- Eastern Libya oil field al-Bayda closes due to maintenance – engineers
- Kenya PMI falls to 52.9 in August
- South Africa’s private sector activity contracts again in August – PMI
- South Africa insurer Discovery reports 12% drop in FY profit
- Solid core businesses boost South Africa’s Libstar H1 earnings
N.B. Full stories of above headlines are available on Reuters
