By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica
Global Markets
- Asian markets push higher after US bounce
- MSCI Asia ex-Japan up 0.4%, Nikkei down 0.6%
- Australia shares up 0.2%
- Gold up 0.2% at $1,884.77/oz.
Oil Markets
- Oil slips as demand worries offset hopes for stimulus
- Brent down 0.4% at $42.26 a barrel (0120GMT)
- WTI down 0.4% at $40.43
Precious metals
- Gold nudges up as dollar tepid ahead of Trump-Biden debate
- Spot gold up 0.1% at $1,883.51/oz. (0313GMT)
- US gold futures up 0.3% at $1,888.40/oz.
Grains
- Soybeans ease as rapid pace of US harvest weighs, wheat falls
- Soybean futures down 0.1% at $9.95 a bushel (0334GMT)
- Corn down 0.3% at $3.65-1/2 a bushel
- Wheat down 0.5% at $5.47-3/4 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
- South Africa releases Q2 labour statistics
- Nigeria parliament resumes
- Central Bank of Kenya decides on rates [fcst. 7.0%, prev. 7.0%]
- Ghana’s ruling NPP flagbearer Akufo-Addo campaigns in Ashanti region
- Ghana’s NDC flagbearer Mahama campaigns in Bono region
- 75th session of UN General Assembly (15-30 Sep); speeches & engagements by African leaders
- Potential constitutional crisis in Kenya in focus; 12th Oct deadline by lawyers’ body LSK for dissolution of parliament
- South Africa state capture inquiry continues
- Covid-19 updates by authorities across the continent
- South Africa consumer inflation Aug-20 (30 Sep) [fcst. 3.7% yy, prev. 3.2%]
- South Africa PSCE Aug-20 (30 Sep) [fcst. 3.5% yy, prev. 5.1%]
- South Africa M3 Aug-20 (30 Sep) [fcst. 10.1% yy, prev. 10.5%]
Key African events or data releases yesterday & early a.m today
- Illegal money flows from Africa near $90 bln, UN study says
- Poorer countries to get 120 million $5 coronavirus tests, WHO says
- Nigeria would turn NNPC into LLC, amend royalties under draft oil reform bill
- Zimbabwe accuses opposition of gun-smuggling plot
- Nigeria’s senate confirms it received oil reform bill – senate president
- Several hundred arrests amid protest calls in Egypt – rights group
- Nigeria says Mali transition govt yet to satisfy regional demands
- Togo president names Victoire Tomegah-Dogbe as prime minister
- Kenya extends Covid curfew for 2 months but reduces hours
- Ivory Coast rains boost cocoa main crop, farmers say
- UN experts urge Nigeria to lift singer’s blasphemy deat sentence
- Zambia chamber of mines says double taxation hurting investment
N.B. Full stories of above headlines are available on Reuters
