macroafricaintel Daily Brief | 15 Oct

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Stocks rise on cautious Brexit deal hopes, oil extends losses
  • Equities eke out gains
  • Sentiment still fragile due to US-China trade war
  • Policymakers struggle to reduce risks to global economy

Oil Markets

  • Oil prices extend losses as weak China data compounds US-China trade deal doubts
  • Brent down 0.5% at $59.1 per barrel (0142GMT)
  • WTI down 0.4% at $53.38

Precious metals

  • Gold steady ahead of crucial Brexit talks
  • Spot gold flat at $1,492.83/oz. (0105GMT)
  • US gold futures a shade lower at $1,496.90


  • Soybeans slip; potential crop loss in North America caps fall
  • Wheat futures down 0.4% at $5.08-3/4 per bushel (0004GMT)
  • Corn futures down 0.2% at $3.97 per bushel
  • Soy futures down 0.3% at $9.37-1/2 per bushel
  • Rice futures unchanged at $11.99 per hundredweight

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

  • Mozambique general elections today
  • Nigeria inflation Sep-19 [fcst. 11.1% yy, prev. 11.0%]

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

  • Mozambique to vote in tense, high-stakes election
  • Nigeria police rescue 67 from “inhuman” conditions at Islamic “school”
  • Young Africans facing poor job prospects as education worsens – report
  • Air strike in Libyan capital Tripoli kills 3 young sisters
  • Hailing “new revolution”, political outsider Saied elected Tunisia’s president
  • At least 2 dead in Guinea protests against change to constitution
  • Official results show Kais Saied won Tunisian presidential election
  • South Africa’s rand retreats from 3-wk high, stocks down
  • At least 16 people killed by armed men in Ethiopia – police
  • Angola could revoke more licences in bank cleanup – Cenbank chief
  • New Tunisian leader rode wave of youth excitement to presidency
  • Africa Oil – Freight throttles market as buyers hold back
  • Zimbabwe aims to more than triple diamond production by 2023
  • Police in Guinea crack down on protest against constitutional change
  • Zimbabwe targets 11 million carats of diamonds by 2023 – mines minister
  • Tunisia’s Nabil Karoui concedes election defeat to Kais Saied
  • Sudan govt and rebels meet for peace talks in Juba
  • Libyan conflict leaves rubbish mounds smouldering in Tripoli’s streets
  • Secret abortions spike in Nigeria with Boko Haram chaos
  • French national killed in Tunisia knife attack – interior ministry
  • Saied supporters hail revival of Tunisia’s 2011 revolution after poll
  • South African Airways in talks with potential partners
  • Uganda shilling weakens on uptick in dollar appetite
  • South Africa’s Ramaphosa says nation working to attract private investment
  • EDF Renewables commissions 130MWp in solar energy capacity in Egypt

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

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.