By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica
Global Markets
- Tech rout roils Asian shares, oil futures extend slump
- Trading in US stock options raises eyebrows
- Delay in vaccine testing hurts sentiment
- Oil futures fall sharply on worries about energy demand
- Brent down 0.5% at $39.57, WTI down 0.7% at $36.51
Oil Markets
- Oil falls further amid growing alarm over coronavirus second wave
- Brent down 0.4% at $39.62 a barrel (0241GMT)
- WTI down 0.7% at $36.52
Precious metals
- Gold flat as dollar strength counters safe-haven demand
- Spot gold little changed at $1,929.30/oz. (0038GMT)
- US gold futures down 0.3% at $1,936.80/oz.
Grains
- Soybeans ease from 2-yr top, Chinese buying limits losses
- Soybean futures down 0.4% at $9.69 a bushel (0235GMT)
- Wheat down 0.1% at $5.43-1/2 a bushel
- Corn down 0.6% at $3.59-1/2 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
- Ethiopia’s Tigray region holds parliamentary polls; Ahmed not amused
- Ghana’s Akufo-Addo tours Bono East region, main challenger Mahama campaigning too
- AGRF virtual “Feed the Cities” summit in Kigali; 8-11 Sep
- South Africa state capture inquiry continues
- Covid-19 updates by authorities across the continent
Key African events or data releases yesterday & early a.m today
- Ethiopia’s Tigray holding regional elections in defiance of federal govt
- Unique anatomy helps the African wild dog sustain its life on the run
- Zimbabwe bans mining in wildlife parks
- Egypt Air to resume direct flights from Thursday in boost to tourism
- South Africa retailer Clicks to remove TRESemme products from shelves over advert
- South Africa economy plunged during strict lockdown
- Angola seizes AAA assets, hotel chains linked to de Sao Vicente, TV reports
- Namibia eases coronavirus restrictions to attract tourists
- Dozens of abandoned migrants rescued in Sahara
- Nigeria doctors strike again over benefits amid coronavirus
- South Africa’s Shoprite to quit Kenya
- Bahrain’s ABC says in preliminary talks to buy Blom Bank’s Egypt business
- South Africa’s Q2 expenditure on GDP down 52.3% q/q
- South Africa economy contracts 51% q/q in Q2
- South Africa’s Aspen sells thrombosis drug business to Mylan, shares jump
- Panic buying, discount shoppers lift South Africa’s Shoprite annual earnings
N.B. Full stories of above headlines are available on Reuters
