By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Oil surges, stock futures slip after attack on Saudi facility
- Oil prices surge on fears of global supply disruption
- Safe haven gold, Japanese yen rise, stock futures slip
- Japan markets closed for public holiday, liquidity seen thin
Oil Markets
- Oil prices soar 10% after attack on Saudi facilities hits global supply
- Brent, WTI reach highest at the opening since May
- Attack on Saudi oil facilities cuts Saudi output by 5.7 mln bpd
- Trump approves release of SPR
- Saudi likely to purchase refined products
- Brent up 11.7% at $67.28 per barrel (0108GMT); was up more than 19% at opening
- WTI up 10.5% at $60.60; jumped more than 15% at opening
Precious metals
- Gold gains as attacks on Saudi oil plants lift safe haven bets
- Spot gold up 1.2% at $1,506.87/oz. (0050GMT)
- US gold futures up 1.1% at $1,516.10/oz.
Grains
- Corn hits 17-day high on prospects of more ethanol demand
- Corn futures up 0.7% at $3.71-1/4 a bushel (0053GMT)
- Soybean futures up 0.3% at $9.01-3/4 a bushel
- Wheat futures up 0.2% at $4.84-1/2 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Nigeria’s Bande to assume UNGA presidency in New York
- Nile dam talks between Ethiopia, Sudan & Egypt in Cairo
- Nigeria inflation Aug-19 [fcst. 11.0% yy, prev. 11.1%]
- 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]
- Algeria to hold presidential election this year – interim president
- Tunisia candidate Kais Saied says exit poll shows him leading
- Spokesman for Tunisia candidate Karoui says he is through to next round
- Polls close in first round of Tunisia presidential election
- Egypt resumes Nile dam talks with Ethiopia, Sudan
- Tunisia electoral head urges youth to vote with turnout seeming low
- Somaliland UAE military base to be turned into civilian airport
- Egypt’s economy to grow by 8% annually by 2022 – PM
- Egypt expects share offerings by end of year – official
- Congo police detain former health minister in ebola probe
- West African leaders pledge $1 bln to fight Islamist threat
- Egypt Sisi rebuffs videos alleging corruption
- Tears and tributes as leaders, supporters bid farewell to Zimbabwe’s Mugabe
- Foreign leaders, supporters bid farewell to Zimbabwe’s Mugabe
- South Africa’a deputy mines minister dies in car accident
- 5 confirmed cholera deaths in Sudan since Aug. 28
- ‘This is our home’: Kenya islanders demand say in foreign-backed projects
- 3 Libya eastern fighters killed in strike near Tripoli
- Mugabe to be buried at Zimbabwe national shrine in about 30 days, nephew says
- US sanctions former Uganda police boss for rights violations
- Ivory Coast, Ghana strike first cocoa deals with living income premium
- WHO investigating death in Tanzania due to unknown illness
- Africa Oil – Nigerian offers hold strong, Angolan weakening
- South Africa’s rand firms as trade optimism lifts risk assets, stocks up
- Zambia cuts 2019 economic growth forecast after drought
- Thousands march in Algeria, say no election before elite quits
- Zimbabwe hikes lending rate to 70% to tackle inflation
- In fuel-short Mali, farmers find money in saving tree stumps
- Zimbabwe is serious about reform, needs outside support, foreign minister says
- Tunisia court keeps presidential candidate in detention – lawyer
- Ethiopian Airlines revenue jumps with rise in passenger numbers
- Kenya becomes 3rd African nation to introduce malaria vaccine
- Death toll in Congo’s train accident revised down to 15
- Zambia president says 2019 economic growth forecast cut to 2%
- Kenya shilling holds steady against the dollar
- South Africa likely to miss 1.5% growth target – finmin
- World Bank lifts aid embargo, approves $450 mln loan for Tanzania
- South Africa’s rand firms as global monetary easing takes spotlight
N.B. Full stories of above headlines are available on Reuters
