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
