By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asia looks on bright side of Brexit, trade talks
- Asian trade quiet with Tokyo off, no major data due
- Trump, Kudlow sound upbeat on China trade talks
- Pound holds firm as more Brexit votes loom
- Trudeau’s Liberals to form minority govt after election
Oil Markets
- Oil prices edge up on US-China trade optimism, but demand concerns cap
- Brent up 0.2% at $59.10 a barrel (0027GMT)
- WTI up 0.3% at $53.49
Precious metals
- Gold eases as trade-deal hopes lift risk mood
- Spot gold down 0.1% at $1,482.41/oz. (0038GMT)
- US gold futures down 0.2% at $1,485.80/oz.
Grains
- Corn falls for 3rd session on US harvest progress; wheat eases
- Wheat futures down 0.2% at $5.22-1/2 per bushel (0043GMT)
- Corn futures down 0.3% at $3.86 per bushel
- Soy futures nearly unchanged at $9.33 per bushel
- Rice futures nearly unchanged at $11.80 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 already in Sochi]
- Kenya’s Kenyatta & Ivory Coast’s Ouattara in Japan for Emperor Naruhito’s coronation; both & others to head to Sochi thereafter
- South Africa’s Mabuza to apprise parliament on AfCFTA progress
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- South Africa’s Pick n Pay posts 9.5% rise in first-half earnings
- Nigerian anti-graft office charges 2 Britons in connnection with failed gas deal
- South Africa’s Eskom takes Deloitte to court alleging improper contracts
- Uganda says its economy 11% larger after rebasing
- Opposition calls for Mozambicans to reject election count as Nyusi takes lead
- Tens of thousands rally against former ruling party in Sudan
- EU wheat dips from 3-mth high ahead of Algeria tender
- South Africa medium-term budget confirmed for Oct. 30
- South Africa’s rand steady in wait-and-see trade
- Africa Oil – Diffs steady as Nigerian programmes emerge
- Zimbabwe says 55 elephants die from starvation after drought
- South Africa will soon announce CEO for crisis-hit utility Eskom – Ramaphosa
- Botswana faces first close election contest since independence
- Putin steps up drive for clout in Africa with broadside against West
- British-born Nigerian actor hopes black skinhead film will “heal” pain
- Egypt exported 172.8 bln cubic feet of gas from Idku in 2018/19 – EGAS
- Sudan reble leader says govt agreed to open access for aid
- BCP says Angola’s Sonangol reaffirms intent to remain shareholder, shares jump
- Morocco’s Maroc Telecom reports flat Q3 profit
- Rioting migrants torch cars, injure policeman at Maltese holding centre
N.B. Full stories of above headlines are available on Reuters
