By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asia shares slip on Brexit snag
- Brexit delay saps rally in global shares
- Texas Instrument earnings hit chipmakers
Oil Markets
- Oil slips after US inventory build, but possible OPEC cuts support market
- Brent down 0.5% at $59.42 a barrel (0123GMT)
- WTI down 0.7% at $54.08
Precious metals
- Gold bides time as traders await clarity on Brexit
- Spot gold unchanged at $1,488.50/oz. (0125GMT)
- US gold futures up 0.3% at $1,491.30/oz.
Grains
- Soybeans rise on China demand prospects; wheat, corn firm
- Wheat futures up 0.1% at $5.18-3/4 per bushel (0038GMT)
- Corn futures up 0.1% at $3.88-1/2 per bushel
- Soy futures up 0.2% at $9.35-1/2 per bushel
- Rice futures unchanged at $11.70 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Botswana elections today; ruling BDP faces first genuine challenge from Khama-backed UDC
- Russia-Africa summit in Sochi; 23-25 Oct
- South Africa inflation Sep-19 [fcst. 4.1% yy, prev. 4.3%]
- Mozambique election results awaited; Nyusi expected to win
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Sudan upbeat on prospects for removal from US terrorism list
- Egypt accepts invitation to meet in US over Ethiopia dam dispute
- Ethiopia sees rise in businesses doing good as economy opens up
- Guinea protest leaders sentenced to jail for organising against president
- More than 100 elephants die in Botswana in suspected anthrax outbreak
- Morocco to issue international bond in November – finmin
- South African rand rallies 1% to 1-mth best, stocks weaker
- South Africa approves $4 bln bailout for debt-laden Eskom
- Botswana votes in first real challenge to ruling party
- South African airlines ground flights after faults found at SAA maintenance unit
- Africa Oil – Bonny Light, Bonga schedules out, IOC issues new tenders
- Ethiopia to issue 2 telecoms licenses by April, behind initial schedule
- Namibia’s economy to shrink again in 2019 – finmin
- South Africa signs deal with Tencent to boost Chinese tourists
- Russia-Zimbabwe platinum venture needs $500 mln for first phase
- War creates new uncertainty for migrants in Libya
- PM Abiy says Ethiopia ready to hold elections in 2020
- Congo spy informant dies while on trial for UN experts’ killing
- Mozambique’s Nyusi heads for big win as poll irregularities reported
- UN calls for release of ex-aide to Egypt’s Mursi, son jailed since 2013
- VW weighs expanding ride-hailing business to Ghana
- Morocco’s CPI rises 0.3% in Sept – planning agency
- Russian JV Great Dyke Investments needs $500 mln for phase 1 of Zimbabwe platinum
- Regulator accepts SAA plan to fix faults at maintenance unit
- South Africa’s Eskom takes Deloitte to court alleging improper contracts
- Kenya launches first breast milk bank to help newborns
- Armed robbers attack DRDGOLD plant in South Africa, kill security officer
- Uganda shilling unchanged as charity flows lend support
- Mozambique’s president victorious in election – observer group
- South Africa’s Standard Bank cuts value of ICBCS stake as market worsens
- South Africa’s Pick n Pay first half-earnings rise 9.5%
- South African Airways recalls some aircraft for compliance checks
N.B. Full stories of above headlines are available on Reuters