By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares edge higher, pound stumbles on Brexit drama
- Asian shares shake off early losses
- Pound down after delay to a crucial vote on Brexit
Oil Markets
- Oil prices dip on weak demand outlook, supply concerns
- Brent down 0.2% at $59.32 a barrel (0108GMT)
- WTI down 0.2% at $53.69
Precious metals
- Gold holds steady above $1,490 on Brexit uncertainties
- Spot gold up 0.1% at $1,490.60/oz. (0047GMT)
- US gold futures little changed at $1,494.20/oz.
Grains
- Chicago wheat drops 1% after rally; corn, soybeans down
- Wheat futures down 1% at $5.27 per bushel (0051GMT)
- Corn futures down 0.5% at $3.89-1/4 per bushel
- Soy futures down 0.2% at $9.32 per bushel
- Rice futures unchanged at $11.91 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Russia-Africa summit in Sochi; 23-25 Oct [Nigeria’s Buhari jets out today]
- South Africa’s Ramaphosa speech at 60th anniversary of The African Communist seminar
Key African events or data releases over the weekend & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- South Africa President Ramaphosa: govt will soon announce Eskom CEO, stronger board
- Sudan names commission to investigate killings at sit-in
- Somalia aims to reduce poverty, pump up infrastructure after debt erased
- Egypt to press for outside mediator in Ethiopia dam dispute
- South Sudan’s Machar says unlikely to be part of unity govt by Nov. 12
- Barrick Gold reaches deal with Tanzania over Acacia Mining
- Shell Egypt to sell assets in Western Desert
- Egypt’s Qalaa to raise production capacity to 5.5 mln tonnes/yr in 2021
- Militants kill 5 in twin attacks on Burkina army outposts – army
- IMF chief Georgieva says supports debt relief for Somalia
- Egypt signs agreement with Euroclear to widen its domestic debt investors
- Mozambique’s Nyusi takes election lead, opposition cries foul
- Egypt unveils biggest ancient coffin find in over a century
- Mali army says it killed 50 militants, freed soldiers in counter attack
- Morocco forecasts stable 2020 fiscal deficit of 3.5%
- Ebola concentrated in Congo mining area, still an emergency – WHO
- Nigeria cenbank injects $325 mln, 14 mln yuan into currency market
- African debt stabilising but region faces headwinds – IMF
- South African power generation plan keeps coal in the mix
- South Africa’s rand rides optimism over new power plan
- Sudan, rebel groups agree on roadmap for peace talks
- Angola FX market overhaul sees kwanza tumble to record lows
- Africa Oil – Freight costs ease, especially for VLCCs
- Namibia president set for re-election next month amid economic crisis
- UN rights office urges Egypt to free blogger, lawyer, journalist
- Egypt embassy in Lebanon calls on its nationals to avoid protest areas
- South Africa looks to procure new power urgently to address outages
- Egypt says strategic wheat reserves enough to cover its needs until February
- Coal to play significant role in South Africa power mix – minister
- Syrah Resources to cut jobs, output at Mozambique graphite project
- South Africa set for third day of power cuts on generation shortfall
- Angola hopes key reforms will aid efforts to sell oil assets
N.B. Full stories of above headlines are available on Reuters