#Africa #Markets | 23 Sep

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares firmer on improved Sino-US trade tone, oil up 1%
  • Australian shares rise 0.5%, NZ shares up 0.2%
  • E-mini futures for S&P 500 up 0.5%
  • Risk-sensitive Aussie firms, dollar up on yen
  • Oil gains after sell-off on Friday, gold nudges lower

Oil Markets

  • Oil gains on Saudi supply disruption, Mideast tensions
  • Brent up 0.9% at $64.84 per barrel (0224GMT)
  • WTI up 0.9% at $58.61 per barrel

Precious metals

  • Gold prices edge lower; palladium scales record high
  • Spot gold down 0.3% at $1,512.91/oz. (0116GMT)
  • US gold futures up 0.3% at $1,519.8/oz.


  • Soybeans rise; fears of prolonged trade war cap gains
  • Wheat futures down 0.2% at $4.83-1/4 per bushel (0054GMT)
  • Corn futures up 0.1% at $3.71-1/4 per bushel
  • Soy futures up 0.1% at $8.84 per bushel
  • Rice futures down 0.6% at $12.24 per hundredweight

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

  • Central Bank of Kenya MPC decision [fcst. 8.0%, prev. 9.0%]
  • African leaders in New York this week for UNGA
  • 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]

  • 5 Western countries, Turkey & UAE back Libya state oil firm
  • Africa to seek declaration of global climate emergency at UN summit
  • Tanzania leader suggest amnesty for financial crimes
  • WHO: Tanzania not sharing information on ebola
  • Protests drag down Egypt indexes to multi-year lows
  • Egypt trading suspending as shares plunge after protests
  • Somalia’s al Shabaab raid military base, loot weapons
  • Suth Africa slowly turning tide against rhino poaching, says minister
  • Targeting militants, Nigeria to require ID cards in the northeast
  • Ethiopia says detains suspected Islamist militants planning attacks
  • Stacks of cash shown at trial at Sudan’s toppled leader Bashir
  • Nigeria state oil company says refinery revamps set for January
  • Congo to deploy second ebola vaccine
  • Small but rare protests in Egypt after online call for dissent
  • Africa Oil – Bonny export delays to carry into November
  • Nigeria anti-graft office charges former oil official over failed gas deal
  • Leader of militant South Africa mining union re-elected
  • Nigeria central bank keeps benchmark rate at 13.5%
  • Algerians defiant in first protest since election call
  • Tanzania begins shipments of maize to drought-hit Zimbabwe
  • Gerald Group unit to suspend iron ore mining in Sierra Leone
  • On guard: the Senegal jail teaching teenagers to use swords
  • Tanzania inks deal to buy 2 passenger planes from Airbus
  • Morocco’s CPI rises 0.8% in August – planning agency
  • Missing Zimbabwe doctor found but pay strike to go on – union
  • South Africa’s Grand Parade posts FY profit on Dunkin’ closure
  • South Africa’s rand firms on economic stimulus, easing trade tensions
  • Libya Coast Guard picks up nearly 500 migrants in region surrounding Tripoli

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

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