By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares tick up, sterling off 5-mth peak as crunch Brexit talks eyed
- MSCI ex-Japan, Nikkei jump on positive Brexit news
- Sterling slips after hitting 5-mth peak
- EU to determine whether to put deal before EU leaders’ summit
Oil Markets
- Oil prices edge higher on potential Brexit deal; OPEC signals of possible cuts
- OPEC, allies to seek market stability beyond 2020
- Brent up about 0.2% at $58.85 per barrel (0103GMT)
- WTI up 0.2% at $52.91
Precious metals
- Gold edges higher as Brexit uncertainty spurs safe-haven bid
- Spot gold up 0.2% at $1,484.49/oz. (0130GMT)
- US gold futures up 0.3% at $1,488.10/oz.
Grains
- Corn edges lower but USDA harvest report caps losses
- Wheat futures down 0.2% at $5.06 per bushel (0008GMT)
- Corn futures down 0.6% at $3.91 per bushel
- Soy futures down 0.1% at $9.32-3/4 per bushel
- Rice futures nearly unchanged at $11.88 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Kenya’s Kenyatta to commission SGR phase 2A line & groundbreaking of Naivasha depot
- Nigeria labour unions’ minimum wage negotiations with govt continue
- Mozambique polls closed; vote counting ongoing, preliminary results on Thursday
- South Africa retail sales Aug-19 [fcst. 1.1% yy, prev. 2.0%]
- South Africa state capture inquiry resumes
- Kenya’s ruling Jubilee party to meet members of Nairobi County Assembly over wrangling with Governor Sonko
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Nigerian president vows crackdown on abusive Islamic schools after second raid
- Nigeria’s land borders closed to all goods – customs chief
- Ethiopia postpones autonomy referendum for ethnic Sidama – Fana news agency
- Algeria court places journalist in custody
- Mozambique president urges peace, opposition warns against fraud as votes counted
- Young Africans face poor job prospects as education deteriorates – report
- Africa Oil – Diffs continue to fall, Angola programme awaited
- IMF cuts Kenya’s economic growth forecast for 2019 and 2020
- South Africa’s rand steadies, Sasol leads stocks higher
- IMF expects Egypt economy to grow 5.9% in year to end of June
- Former Ivory Coast rebel leader Soro to run for president
- 4 bodies pulled from Congo plane crash wreckage
- Hundreds fled abusive Nigerian “school” before police raid
- Nigeria inflation rises to 11.24% in September from near 4-yr low
- Zimbabwe state employees say they cannot work as prices soar
- 4 bodies found in Congo after crash of plane with president’s staff
- South Africa’s Zuma to appeal decision he must face graft charges
- Kenya shilling strengthens against the dollar
- Kenya central bank to hold next rate-setting meeting on Nov. 25
- Uganda shilling a touch stronger as liquidity mop-up helps
- OPEC, allies to maintain oil market stability beyond 2020 – Barkindo
- Takeda sells Mideast, Africa drug portfolio to Switzerland’s Acino
- Mubadala sells Medgaz pipeline stake to Naturgy, Algeria’s Sonatrach
- World Bank sees Egypt economy growing 5.8% in 2019/20
- African masts operator Helios Towers prices IPO at low end of range
N.B. Full stories of above headlines are available on Reuters