#Africa #Markets | 9 Sep

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia stocks edge up as weak data lift stimulus hopes
  • MSCI Asia-Pacific index up 0.1%, Nikkei gains 0.4%
  • Stocks up amid US, China & eurozone stimulus hopes
  • Euro capped with ECB expected to cut rates later this week

Oil Markets

  • Oil rises as Saudi Arabia signals OPEC cuts to continue under new energy minister
  • Brent up 7 cents at $61.61 a barrel (0106GMT)
  • WTI up 20 cents at $56.72

Precious metals

  • Gold inches up on hopes of economic stimulus
  • Spot gold up 0.3% at $1,511.30/oz. (0117GMT)
  • US gold futures up 0.2% at $1,518.5/oz.

Grains

  • Corn rebounds from 4-mth low; US harvest prospects cap gains
  • Wheat futures unchanged at $4.63-3/4 per bushel (0139GMT)
  • Corn futures up 0.4% at $3.56-3/4 per bushel
  • Soy futures up 0.1% at $8.58-3/4 per bushel
  • Rice futures down 0.2% at $11.95 per hundredweight

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

  • 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]

  • 29 killed in 2 attacks in Burkina Faso
  • Experts challenge WHO with “epic” goal to eradicate malaria by 2050
  • Zimbabwe – Mugabe’s family pushes back against govt burial plan
  • Sudan tribes sign peace deal after deadly clashes in Port Sudan
  • Mugabe’s funeral & burial planned for next weekend – Zimbabwe govt memo
  • Televised debates a new step in Tunisia’s young democracy
  • Egypt’s Fawry eyes UAE deal, Saudi & Kuwaiti markets
  • Armed robbery takes place at office at Libya state oil firm in Tripoli
  • Nigeria’s Buhari to visit South Africa after attacks
  • Zimbabweans mourn founder Mugabe but confused over burial
  • Zimbabwe – In Mugabe’s village, relatives say he was very bitter before death
  • Libya – 3 killed in renewed fighting in southern Tripoli – witness
  • Sudan’s Bashir kept key to room with millions of euros, court hears
  • AU lifts Sudan suspension after transitional govt appointed
  • Zimbabwe president declares Mugabe a national hero
  • Former inmate tours Ethiopia torture centre after it opens to the public
  • Prince Harry to visit Diana’s Angola landmine project
  • South Africa – Fired Old Mutual boss plans return to work as court rules against insurer
  • South Africa’s Denel to exit some businesses within months
  • Families press for memorial at Ethiopian Airlines crash site
  • South Africa court rules in favour of sacked Oid Mutual CEO – TV
  • Madagascar forest destruction wiping out humans’ tiniest relative
  • Zimbabwe Mugabe’s legacy: thousands killed in “rain that washes away the chaff”
  • MTN Nigeria shares hit 3-mth high after partial reopening
  • Zimbabwe Mugabe’s farm seizures: racial justice or castastrophic power grab?
  • Ethiopia should slowly liberalise its exchange rate – central bank governor
  • South Africa’s Sasol to release delayed results by Oct. 31
  • Attackers kill 2 aid workers in western Ethiopia
  • South Africa’s net foreign reserves rise to $44.226 bln in August
  • South Africa auto sector in line for $4 bln investment boost – industry body
  • Zimbabwe’s former president Robert Mugabe dies in Singapore

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

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