By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica
Global Markets
- Stocks down on fresh lockdown worries, banking sell-off; dollar rises
- Asian shares extend losses for 2nd consecutive day
- Banking sector sell-off continues on dirty money reports
- Fresh lockdown worries, stimulus delay spook investors
- Brent up 0.3% at $41.95, gold last at $1,908.76
Oil Markets
- Oil rises as US storm eases, but demand worries linger
- Brent up 0.3% at $41.57 a barrel (0224GMT)
- WTI up 0.7% at $39.57
Precious metals
- Gold edges higher as dollar halts surge on Covid worries
- Spot gold up 0.3% at $1,918.20/oz. (0052GMT)
- US gold futures up 0.6% at $1,921.50/oz.
Grains
- Corn rebounds on China demand, though improved crop ratings cap gains
- Corn futures up 0.2% at $3.70-1/2 a bushel (0332GMT)
- Soybeans up 0.3% at $10.26 a bushel
- Wheat up 0.5% at $5.57-1/2 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
- Nigeria’s central bank decides interest rates [fcst. 12.5%, prev. 12.5%]
- Ghana health workers on strike
- Cameroon opposition protest expected
- Nigeria petrol tanker drivers go on strike
- Ghana’s EC displays new voters register; 18-25 Sep
- 75th session of UN General Assembly (15-30 Sep); high-level general debate starts
- 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
- B2Gold says Mali political situation ‘headed in right direction’
- Kenya’s top judge advises parliament to dissolve over lack of women
- Former Mali colonel Ndaw named interim president, junta leader VP
- Cameroon soldiers jailed for killing women and children
- Armed men kill at least a dozen civilians in northeast Congo
- Botswana says toxins in water killed hundreds of elephants
- Nigeria health workers end strike despite no coronavirus harzard pay
- Kinross Gold CEO sees ‘very low’ risk of unrest spreading to Mauritania
- Ivory Coast opposition calls for protests to stop Ouattara’s third term bid
- Sibanye-Stillwater looking to buy gold mines outside South Africa – CEO
- Coronavirus rumours and regulations mar Burkina Faso’s malaria fight
- South Africa’s stocks, rand plunge on risk-off market sentiment
- Senegal’s economy to contract 0.7% in 2002, IMF says
- Ivory Coast dry spell supports cocoa main crop
- OPEC watching Libya oil restart closely, needs time to assess – sources
- Egypt discovers 27 sarcophagi more than 2,500 years old
- Zimbabwe teachers to boycott work over pay, demand Covid-19 allowance
- Oil tanker heads to Libya’s Hariga terminal as NOC partially lifts force majeure
- Turkey will keep supporting Libya’s GNA despite Sarraji plan to quit
- Botswana says cyanobacteria cause of mysterious elephant deaths
- Algeria announces early legislative election
- Algeria names new central bank governor, says President Tebboune
- Morocco orders Covid-19 vaccine as cases approach 100,000
- South Africa to allow travel from all of Africa from Oct. 1
- South Africa’s Investec profit warning increases heat from investors
N.B. Full stories of above headlines are available on Reuters