By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica
Global Markets
- Asian shares tumble as global recovery hopes falter
- MSCI Asia ex-Japan -1.32%; Nikkei -0.74%
- US Fed officials call for more fiscal support
- Gold near 2-mth lows on strong greenback
Oil Markets
- Oil falls on fuel demand growth concerns as coronavirus lingers
- Brent down 0.7% at $41.49 a barrel (0217GMT)
- WTI down 0.9% at $39.57
Precious metals
- Gold falls to over 2-mth low on stronger dollar
- Spot gold down 0.3% at $1,858.08/oz. (0049GMT)
- US gold futures down 0.3% at $1,862.30/oz.
Grains
- Soybeans, corn hit 1-wk low as US harvest advances
- Soybean futures down 1.2% at $10.02-3/4 a bushel (0305GMT)
- Corn down 0.9% at $3.65-1/4 a bushel
- Wheat down 1.1% at $5.42-3/4 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
- South Africa marks Heritage Day; Ramaphosa to speak
- Ghana’s president & NPP flagbearer Akufo-Addo tours Western North region
- Ghana NDC flagbearer Mahama speaks on electoral process thus far
- Nigeria’s Buhari commissions key SGR line in oil-rich region
- Bank of Ghana meets on rates; decision on 28 Sep [fcst. 14.5%, prev. 14.5%]
- Ghana’s EC displays new voters register; 18-25 Sep
- 75th session of UN General Assembly (15-30 Sep); speeches & engagements by African leaders
- 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
- CAR MPs vote to keep Dec. 27 election on track
- Nigeria pop star Yemi Alade wants to hleop women in new UN role
- Ivory Coast to free opposition leader’s allies in pre-vote peace gesture, spokesman says
- Nigeria auction bonds at lower yields after surprise rate cut
- West Africa bloc may lift Mali sanctions soon, says envoy
- Gambia opposition laments failure of bid to curb term limits
- Eastern Libya forces say they killed militant group leader
- Somalia president names newcomer Roble premier as elections loom
- Nigeria gas tanker explosion kills at least 28
- Three Egypt policeman, four militants killed in prison break attempt
- Kenya’s Maasai gather for once-in-a-decade ceremony to turn warriors into elders
- Gambia MPs reject retroactive bill curbing term limits as unlawful
- Mali risks “economic paralysis” from post-coup embargo – trade group
- Egypt orchestra for visually-impaired women resumes concerts amid coronavirus
- Sudan discusses Arab-Israel peace & terrorism list with US – statement
- First tanker to load crude at Libya’s Hariga port since January
- Mozambique asks EU for help in tackling insurgency
- Tanker to enter Libya’s Hariga port, load 1 million barrels of oil
- Nigeria’s Buhari to send long-awaited oil reform bill to Senate – sources
- Kenya harnesses fly larvae’s appetite to process food waste
- China’s BGI wins 1.5 mln coronavirus test kit order from Ethiopia
- South Africa set for wave of equity fundraising as banks shun risk
N.B. Full stories of above headlines are available on Reuters