macroafricaintel Daily Brief | 18 Sep

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica

Global Markets

  • Asia defies Wall Street weakness but economy, election worries cap gains
  • MSCI ex-Japan up 0.2%, Nikkei 0.1% higher
  • S&P down 0.2%, Nasdaq up 0.07%
  • Brent last 0.2% firmer at $43.39

Oil Markets

  • Oil eases as US production returns after storm
  • Brent down 6 cents at $43.24 a barrel (0112GMT)
  • WTI down 6 cents at $40.91

Precious metals

  • Gold firms on economic worries, stimulus hopes
  • Spot gold up 0.5% at $1,951.32/oz. (0348GMT)
  • US gold futures up 0.5% at $1,959/oz.

Grains

  • Soybeans set for sixth weekly gain as China steps up purchases
  • Soybean futures up more than 4% this week, set for more than 20% rally in 6 weeks
  • Corn up nearly 3% this week
  • Wheat up close to 4% in the week

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]

  • South Africa ministerial briefings on ease of Covid-19 restrictions expected
  • South Africa SACCI business confidence Aug-20 [prev. 82.8]
  • Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today

  • Burundi impunity for abuses continues, says UN report, as another mass grave opened
  • Suspected arms dealers moved millions in Somalia money transfers, report says
  • Somalia’s president names Mohamed Hussein Roble as prime minister
  • Convoy ambush in eastern Congo kills one aid worker
  • Militant groupu claims killing of France aid workers in Niger
  • More than 30 killed in militia attacks in western Ethiopia
  • Head of Libya’s Tripoli govt says he wants to quit
  • ‘Hotel Rwanda’ hero denied bail during terror trial
  • Ivory Coast ex-PM, barred from standing for president, says Ouattara must be blocked
  • Uganda reverses forest destruction by inviting in…loggers
  • Algeria referendum looms as test for president and opposition
  • Uganda says 219 prisoners escape, some with guns and ammunition
  • South Sudan president replaces finance minister, state TV reports
  • Covid-19 graft scandals fuel South Africans’ anger with ruling ANC
  • South Africa to open up for international travel from Oct.1, says president
  • Kenya county govts shut down services in dispute over revenue-sharing scheme
  • Mali junta moves toward selecting interim president after embargo threat

N.B. Full stories of above headlines are available on Reuters

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