#Africa #Markets | 25 Sep

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Stocks rattled as Trump impeachment bid raises new risks
  • Push for Trump impeachment increases political risk
  • Asian stocks track Wall Street lower

Oil Markets

  • Oil extends losses after Trump’s comments douse trade talk optimism
  • Trump’s China rebuke Sino-US trade talks
  • Saudi buys oil from Mideast producers for overseas refineries – sources
  • API data shows surprise build in US crude inventories last week
  • Brent down 46 cents at $62.64 a barrel (0104GMT)
  • WTI down 40 cents at $56.89

Precious metals

  • Gold steady as Trump’s impeachment inquiry stokes risk-off mood
  • Spot gold little changed at $1,532.20/oz. (0122GMT)
  • US gold futures down 0.1% at $1,539.5/oz.

Grains

  • Soybeans extend gains, US-China trade dispute caps upside
  • Wheat futures down 0.2% at $4.80-3/4 per bushel (0022GMT)
  • Corn futures up 0.3% at $3.75-3/4 per bushel
  • Soy futures up 0.2% at $8.95-3/4 per bushel
  • Rice futures down 0.4% at $11.96 per hundredweight

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

  • UNGA continues; Leaders of Namibia, Ghana, Mali, Angola & Liberia to speak

Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]

  • Algeria jails 2 ex-intelligence chiefs for 15 yrs – media
  • Tunisia hotels affected by the collapse of Thomas Cook
  • Egypt, Qatar trade barbs at UN on Libya conflict interference
  • Morocco holds interest rate, cuts reserve rate to free liquidity
  • Algeria army chief criticises protesters for rejecting election
  • Indian rare earth miner V.V. Mineral targets African assets after local ban
  • Egypt hands life sentence to Egyptian plane hijacker
  • Ethiopia seeks adviser for privatisation of telecoms operator
  • Africa Oil – Offers for light Nigerian crude stay high
  • Kenya’s Mumias Sugar placed under receivership – KCB Group
  • Egypt’s Sisi says need to stop external actors interfering in Libya
  • Ghana arrests 3 people for plot against president
  • South Africa – Harry & Meghan dance with youth mentors, visit Cape Town mosque
  • Nigeria court orders release of activist charged with treason
  • Rwanda president’s rival worried after second aid is killed this year
  • Egypt share index falls 4.2% on protests, wiping out 2019 gains
  • Zimbabwe’s capital resumes pumping water temporarily
  • Kenya central banker sees easing cycle if fiscal cuts sustained
  • Nigeria will do ‘whatever it takes’ to shield country from $9 bln claim
  • Morocco central bank holds benchmark interest rate at 2.25%
  • Algeria annual inflation drops slightly in August
  • Tanzania summons WHO rep over ebola complaint
  • Fire kills 8 infants in Algeria hospital
  • Uganda shilling unchanged, expected to strengthen due to charity inflows
  • UN runs clubs for Libyan children, after conflict disrupts schools
  • Kenya central bank says banking sector consolidation to continue
  • Kenya cental bank says inflation unaffected by oil price spike
  • South Africa rides investor demand to raise $5 bln from bonds sale

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

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