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
Grains
- 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