By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica
Global Markets
- Asian stocks slide as US tariffs on EU fan growth worries
- US tariffs on EU goods hit already weak sentiment
- Treasury yields show waning confidence in growth
Oil Markets
- Oil extends losses as economic data, growing inventories drag
- Brent down 0.3% at $57.52 a barrel (0052GMT)
- WTI down 0.2% at $52.55
Precious metals
- Gold rises as weak US data fuels global slowdown worries
- Spot gold up 0.1% at $1,500.59/oz. (0105GMT)
- US gold futures down 0.1% at $1,506.4/oz.
Grains
- Wheat rebounds from heavy losses but checked by slow US sales
- Wheat futures up 0.2% at $4.90 per bushel (0306GMT)
- Corn futures unchanged at $3.87-3/4 per bushel
- Soy futures nearly unchanged at $9.13-1/2 per bushel
- Rice futures up 0.2% at $11.74 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Nigeria’s Buhari in South Africa for state visit; 2-4 Oct
- Kenya’s Nairobi international trade fair; 30 Sep – 6 Oct
- South Africa Standard Bank PMI Sep-19 [prev. 49.7]
- South Africa SACCI business confidence Sep-19 [prev. 89.1]
- 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]
- Zimbabwe women struggle to shake off sex-for-land corruption
- Mali army families demand answers after deadly raids against soldiers
- Landslide at gold mine in eastern Congo kills at least 16
- Women’s football league kicks off in post-Bashir Sudan
- Rwanda charges 25 men tied to rebel outfit with treason, other crimes
- Remittances from Egyptians working abroad rose to $2.6 bln in July – central bank
- South African union files case against Samancor Chrome over alleged fraud
- Africa Oil – Sonangol seeks to sell several cargoes but buyers hold out
- Hit by wildfires and heat, Tunisia’s youth join climate protests
- US re-opens embassy in Somali capital amid persisting Islamist violence
- South Africa’s Discovery targets mental health with rewards plan
- US Justice dept drops investigation into Shell over Nigerian oil deal
- Nigeria’s central bank pressures lenders with loan requirement increase
- Kenya finds $71 mln in suspect cash as it retires old notes – cenbank
- UK’s Prince Harry says he wants to pass on “embrace” of Africa to son Archie
- Tunisia has initial plans to issue bonds up to 800 mln euros in 2020 – senior govt official
- South Africa’s AMCU mining union sees imminent wage deal with Impala Platinum
- South African miner Harmony gets new $400 mln credit facility – bank
- Uganda shilling slightly stronger, liquidity injection could trim gains
- African mast operator Helios Towers launches up to $1.8 bln London IPO – source
- South Africa’s Bidcorp to sell unit to Tesco’s Booker
- South Africa’s rand weakens as global recession fears weigh
N.B. Full stories of above headlines are available on Reuters
