#Africa #Markets | 27 Sep

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica

Global Markets

  • Asian shares drop to 3-wk low, US politics sours mood
  • Trump whistleblower report seen raising US uncertainties
  • US-China trade talks expected in early October
  • Chip-related shares take a hit after Micron’s bleak outlook
  • European shares seen slightly higher

Oil Markets

  • Oil prices fall as supply risk premium fades, demand outlook drags
  • Brent down 0.5% at $62.42 a barrel (0131GMT)
  • WTI down 0.1% at $56.33 a barrel

Precious metals

  • Gold set for weekly loss as dollar firms on safe-haven inflows
  • Spot gold unchanged at $1,505.74/oz. (0133GMT)
  • US gold futures down 0.2% at $1,512.6/oz.

Grains

  • Soybeans set to post weekly gain on renewed trade hopes
  • Soybean futures up more than 0.5% for the week; down 1.8% last week
  • Corn futures little changed for the week; up 0.5% last week
  • Wheat futures little changed for the week; nearly flat last week

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

  • South Africa state capture inquiry continues
  • UK’s Prince Harry & wife due in Angola

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

  • Prince Harry to visit Angola de-mining project, in Diana’s footsteps
  • After 6 months of war, powers push for new Libyan talks at UN
  • Eni CEO searched, under investigation over dealings in Congo
  • Crackdown widens after call for new protests in Egypt
  • IMF urges Zimbabwe to intensify reforms, improve transparency
  • Zimbabwe – Mugabe’s family wins tussle with govt over burial site
  • Zimbabwe’s Mugabe to be buried in home district – govt
  • Zambia cancels licence of Vodafone franchise holder over poor capacity
  • Kenya mobile money transactions rise 47% in quarter to June over a year ago
  • Africa Oil – Some Nigerian offers trimmed on ample supply
  • South African rand steadies, stocks close higher
  • Sudan closes borders with Libya, CAR
  • Egypt’s central bank makes 2nd consecutive cut to key rates
  • IMF says Zimbabwe needs to intensify efforts on economic, political fronts
  • UK judge to allow Nigeria to appeal ruling on $9.6 bln P&ID case
  • Gambia fears tourism crisis after Thomas Cook collapse
  • Victims of Sudan violence file complaint against BNP Paribas
  • Crackdown widens after call for new protests in Egypt
  • Lucara finds blue diamond in Botswana mine
  • Africa dreams of free trade as red tape rules on the ground
  • Ethiopia appoints Ethio Telecom privatisation adviser, seeks another for licensing
  • About 30 killed in landslide at Chad gold mine
  • Egypt share losses an ‘unjustified reaction’ – bourse head
  • Uganda shilling expected to weaken due to manufacturing sector head
  • South Africa’s Capitec profit jumps 20%, meets expectations

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.