#Africa #Markets | 30 Sep

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

Global Markets

  • Asian shares mostly flat, Japan hurt by Sino-US tensions
  • Asia shares flat, Nikkei loses 0.5%
  • China markets open only on Monday this week

Oil Markets

  • Oil prices climb as positive China factory data eases demand concerns
  • Brent up 9 cents at $62 a barrel (0300GMT)
  • WTI up 13 cents at $56.04 a barrel

Precious metals

  • Gold prices dip as fears of widening trade war ease
  • Spot gold down 0.2% at $1,494.30/oz. (0104GMT)
  • US gold futures down 0.2% at $1,503.3/oz.


  • Soybeans rebound from 1-wk low, USDA stocks report eyed
  • Wheat futures up 0.3% at $4.88-3/4 per bushel (0133GMT)
  • Corn futures up 0.3% at $3.72-1/2 per bushel
  • Soy futures up 0.3% at $8.85-1/4 per bushel
  • Rice futures down 0.9% at $12.05 per hundredweight

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

  • South Africa PSCE Aug-19 [fcst. 5.8% yy, prev. 7.2%]
  • South Africa M3 Aug-19 [fcst. 8.4% yy, prev. 8.3%]
  • Kenya GDP Q2-19 [fcst. 6.1% yy, prev. 5.6%]
  • Kenya CPI Sep-19 [fcst. 4.0% yy, prev. 5.0%]
  • Uganda CPI Sep-19 [fcst. 1.6% yy, prev. 2.1%]
  • 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]

  • Senegal president pardons political rival Khalifa Sall
  • Morocco king ill, forced to miss Chirac funeral service
  • Algeria army will not back any candidate in presidential election
  • Supercars seized from Equatorial Guinea vice president net $27 mln at auction
  • UK’s Prince Harry visits Malawi college
  • Prominent Egyptian activist arrested as crackdown continues
  • Congo GDP growth to slow slightly to 5.4% in 2020 – govt statement
  • Egypt’s currency strengthens after c.bank interest rate cut
  • Egypt posts third winning session while other markets mixed
  • Victims of north Nigerian institution share stories of terror
  • Canadian tourist dies in paragliding accident in Tanzania’s Mount Kilimanjaro
  • Italy investigates wife of Eni’s CEO in Congo graft probe – document
  • Boat with over 50 passengers capsizes off Libyan coast – UN
  • Nigerian authorities seek families of inmates from purported school after raid
  • Zimbabwe’s Mugabe buried in home village, ending an era
  • Prince Harry’s wife Meghan honours murdered South African student
  • 7 drown after boat capsizes off Morocco’s Atlantic coast
  • Kenya betting firm SportPesa halts operations due to tax hike
  • Supercars of Obiang son on the block at Swiss auction
  • US travel warning adds to pressure on Tanzania over suspected ebola cases
  • UK’s Prince Harry to meet Angolan president
  • After US talks, Sudan sees path to lifting sanctions soon
  • Egypt’s security forces move to block anti-Sisi protests
  • Militants kill 8 in deadly ambush in Egypt’s Sinai – sources
  • Mozambique targets $880 mln in tax from Anadarko takeover – report
  • US air strike kills 17 in southern Libya
  • Zambia scraps sales tax plan in concession to miners
  • Algerians tired of ruling cadre march as ex-premiers bid for presidency
  • Africa Oil – Cosco sanctions stoke market uncertainty
  • 3 killed in UN helicopter crash in CAR
  • Tunisia Islamists pivot from consensus politics as election looms
  • Zambia cancels licence of Vodafone franchise holder over poor capacity
  • UN rights envoy says Zimbabwe political, economic situation deteriorating
  • Lawlessness double displaced from NW Nigeria to 40,000 – UNHCR
  • Overrun by militia, Canadian miner Banro suspends Congo gold operations
  • Prince Harry follws in mother Diana’s footsteps on visit to Angola
  • Nigeria fights back, but threat of $9 bln penalty looms
  • Zambia scraps plan to replace VAT sales tax
  • Rwanda receives first group of refugees from Libya, including baby born in detention
  • Kenya central allows merger of lenders NIC and CBA Group
  • Hundreds of captives, many boys in chains, freed in Nigeria
  • Kenya shilling steady, importer demand slows
  • Handbag designer Marks appointed US ambassador to South Africa
  • Uganda shilling flat as thin volumes, liquidity mop-up offer support
  • Egypt tightens security after call for repeat protests

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

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