By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- China joins Asian shares in cautious advance ahead of trade talks
- Investors nervous ahead of US-China trade talks
- China shares, yuan up a tad after week-long holiday
- Turkish lira drops to 1-mth low on tension over Syria
Oil Markets
- Oil rises, buoyed by gains in industrial commodities
- Death toll mounts in Iraq after a week of unrest
- Ecuador may cut output by 59,450 bpd on protests – ministry
- US crude stockpiles may rise for 4th week – poll
- Brent up 0.7% at $58.74 a barrel (0102GMT)
- WTI up 0.7% at $53.10
Precious metals
- Gold dips as dollar holds strong ahead of Sino-US trade talks
- Gold set for third straight decline
- Spot gold down 0.2% at $1,491.05/oz. (0444GMT)
- US gold futures down 0.5% at $1,496.40/oz.
Grains
- Corn extends gains into second session on USDA harvest report
- Wheat futures up 0.1% at $4.89-3/4 per bushel (0023GMT)
- Corn futures up 0.3% at $3.88-1/4 per bushel
- Soy futures up 0.2% at $9.16-1/4 per bushel
- Rice futures down 0.1% at $11.63 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Nigeria’s Buhari to deliver 2020 budget speech
- 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]
- Mali sees cotton output at 1 mln T, urges action on subsidies
- Ivory Coast creditors of SAC-Cacao praise clean-up by buyer SACC
- South African rand weakens as focus shifts to China-US trade talks
- South Africa’s Tongaat postpones full-year results, mulls measures to cut debt
- Africa Oil – Buyers wary as high freight rates weigh
- South Africa’s Impala to buy North American Palladium for about $750 mln
- Rwanda launches first ‘Made in Africa’ smartphones
- South Africa – “Everything was cool”: Zuma son denies wrongdoing at graft inquiry
- South Africa’s Tongaat mulls sale of assets, rights issue
- Uganda Airlines receives two Bombardier passenger planes
- Zimbabwe economy seen contracting up to 6% in 2019 – treasury document
- Zimbabwe doctors defy govt ultimatum to end strike
- Egypt studies plan to cut stock exchange fees
- Ivory Coast cocoa arrivals rise to 35,000 T by Oct. 6 – exporters
- Egypt stocks gain on talks for IMF assistance
- Mali says cotton output to reach 1 mln tonnes, eyes new varieties
- Uganda central bank cuts main lending rate to 9.0%
- Uganda shilling a touch weaker after central bank cuts key rate
- Tunisia election gives few clues to shape of next govt
- Kenya struggles to cope with growing number of heroin users
- South Africa’s net foreign reserves fall to $44.058 bln in September
- OPEC’s Barkindo says too early to discuss deeper output cuts – TASS
- Australia’s Fortescue confirms bid to develop Guinea iron ore
- Rwanda kills 19 assailants after deadly national park attack
N.B. Full stories of above headlines are available on Reuters
