#Africa #Markets | 7 Oct

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares up on US jobs report, but caution seen on trade talks
  • Fall in US jobless rate pushes stocks higher
  • Unrest in Hong Kong could weigh on market sentiment
  • Investors are cautious before US-China trade talks

Oil Markets

  • Oil prices slip again amid gathering gloom over global economy
  • Brent, WTI benchmarks fell more than 5% last week
  • Middle East tensions linger, deadly clashes in Iraqi unrest
  • Brent down 24 cents at $58.13 a barrel (0147GMT)
  • WTI down 12 cents at $52.69

Precious metals

  • Gold rise ahead of US-China trade negotiations
  • Spot gold up 0.3% at $1,508.23/oz. (0101GMT)
  • US gold futures up 0.1% at $1,513.90/oz.

Grains

  • US, wheat, corn and soybeans rise ahead of USDA report release
  • Wheat futures up 0.6% at $4.93 per bushel (0022GMT)
  • Soybean futures up 0.4% at $9.20 per bushel
  • Corn futures up 0.7% at $3.87-1/4 per bushel

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

  • Nigeria’s Buhari to deliver budget speech on Tuesday
  • South Africa FX reserves Sep-19 [prev. $49.95B]
  • South Africa state capture inquiry continues

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

  • Split vote complicates govt formation after Tunisia election
  • Libya’s NOC to close Faregh oil field at Zueitina port for maintenance from Oct. 7-14
  • UN peacekeeper killed, 4 wounded in Mali mine attack
  • Mozambique says US gas giant Exxon to finalise LNG investment next week
  • Exit poll shows Islamist Ennahda party first in Tunisia election
  • Rwanda kills 18 assailants after deadly national park attack
  • Around 20 killed in latest wave of Burkina Faso violence
  • Mauritius’ prime minister dissolves parliament, calls general election
  • Egypt says talks over Ethiopia’s Nile dam deadlocked, calls for mediation
  • Congo says IMF is considering new financial support
  • Cameroon president orders main rival freed in bid to calm tensions
  • Ethiopia’s Oromo celebrate festival in Addis amid tight security
  • Kenya farmers mix tradition with teck to protect drying Mara River
  • Morocco coalition party quits ahead of reshuffle
  • Fortescue, SMB-Winning go head-to-head to develop Guinea’s Simandou iron ore
  • Tunisia’s election credibility affected by candidate’s detention – president
  • Tanzania president backs official who beat students with a stick
  • South Africa’s rand ends week on stronger footing
  • Africa Oil – Angolan offers tumble as freight rate pain continues
  • Uganda licenses 2 new commercial banks in crowded market
  • Algeria protesters demand army quit politics after cleric urges election
  • Ethio Telecom appoints evaluator for assets, seeks advisor for privatisation
  • South African attacks on foreigners shame the continent, says Buhari
  • South African defence group Denel reports $125 mln loss
  • South African public broadcaster to get $211 mln govt bailout
  • Kenya shilling strengthens on waning importer demand
  • Facebook says removed multiple accounts from Indonesia, UAE, Nigeria and Egypt

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

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