By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Global shares at 1-mth low on US manufacturing shock
- US manufacturing ISM survey hits decade low
- Bulls hope US-China talks will ease manufacturing woes
- Fed fund futures price in 80% chance of Fed rate cut in Oct
- Hong Kong stocks down 0.8%, in line with regional shares
Oil Markets
- Oil recovers ground after US data shows crude stock build
- US crude stocks fell 5.9 mln bbls last week – API
- Ecuador says it will leave OPEC from Jan. 1
- Brent up 52 cents at $59.41 a barrel (0138GMT)
- WTI up 61 cents at $54.23
Precious metals
- Gold inches up as weak US data reinforces economic slowdown fears
- Spot gold up 0.1% at $1,479.43/oz. (0121GMT)
- US gold futures down 0.2% at $1,485.4/oz.
Grains
- Soybean futures retreat from more than 2-mth high
- Wheat futures down 0.4% at $4.96-3/4 per bushel (0041GMT)
- Corn futures down 0.3% at $3.91-1/2 per bushel
- Soy futures down 0.2% at $9.17-1/2 per bushel
- Rice futures down 0.1% at $11.86 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Nigeria’s Buhari state visit to South Africa; 2-4 Oct
- South Africa state capture inquiry continues
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Egypt financial services group Pioneers Holding plans 3-way split
- Algeria to slash spending, seek foreign debt
- Algeria to seek foreign loans in 2020 – finmin
- Tunisia presidential candidate to stay in jail, testing democracy
- Ethiopia Airlines annual revenue up 29% – govt official
- South Africa to pay more for debt until fiscal problems addressed – central bank
- South Africa rand slides as risk appetite wanes
- Africa Oil – Angolan still offered high despite glut, freight costs
- US, DOJ closes Nigeria, Algeria investigations into Eni
- Algeria to cut public spending by 9.2% in 2020 – finmin
- Kenya says it kills 3 militants planning attacks in Mombasa
- Egypt gets back looted coffin displayed in New York
- Egypt stock exchange in venture with supply ministry on commodities
- Egypt says restored food subsidies to nearly 2 mln after Sisi tweets
- Zimbabwe’s president pleads for patience in bringing economy back from “dead”
- Egypt restored subsidies for 1.8 mln since February – ministry
- Nigeria says will cut output to conform to OPEC pact
- Thai PM says no Islamic State ties to Thailand as Egypt arrests student
- South Africa’s Absa PMI falls to lowest in 10 yrs on growth fears
- Mass repatriation of Burundi refugees in Tanzania to start on Thursday – official
- Lawyer for Tanzania journalist appeals to president for pardon
- Uganda shilling steady as commodities and charity flows offer support
- South Africa’s AMCU refers platinum wage dispute to commission
- Somalia fights to standardise schools with first new curriculum since civil war began
- Ethiopia dam official blames construction delays on conglomerate METEC
- Court postpones hearing again for Tanzania journalist jailed since July
- Kenya shilling trading in a tight range amid excess liquidity
- First Burundi refugees in Tanzania to return home as mass repatriation starts – official
- Nigeria Sept crude oil and condensate output 2.1-2.2 mbpd – NNPC director
- South Africa’s Blue Label Telecoms under threat of listing suspension
- Nigeria’s NNPC hopes to raise oil output to about 3 mln bpd in 2-3 years
- UK’s Prince Harry to visit Malawi health centre
- Congo mine deploys digital weapons in fight against conflict minerals
N.B. Full stories of above headlines are available on Reuters
