By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares pressured as Trump tempers Sino-US trade optimism
- Trump says not pleased by recent trade talks with China
- Turkish lira tumbles after rating agency warnings
- Oil prices near 3 1/2 –year high on supply concerns
Oil Markets
- Oil dips after rally, OPEC may ease supply curbs
- Brent futures down 4 cents to $79.53 a barrel (0006GMT)
- US WTI crude futures down 2 cents to $72.18 a barrel
Precious metals
- Gold rises, market eyes US-China trade talks, Fed minutes
- Spot gold up 0.2 pct at $1,293.53 per ounce (0112GMT)
- US gold futures for June delivery little changed at $1,292.50 per ounce
Grains
- Wheat firms to linger near 18-day high on fears for global production
- Most active CBOT wheat futures up 0.6 pct at $5.24-3/4 a bushel (0100GMT)
- Most active corn futures up 0.2 pct at $4.05-1/2 per bushel
- Most active soybean futures down 0.1 pct at $10.29-3/4 per bushel
- Most active rice futures unchanged at $12.33 per hundredweight
Soft commodities (22 May)
- Raw sugar at 5-wk high on India buffer stocks plan
- July raw sugar settled up 0.4 pct at 12.15 cents per lb
- August white sugar settled up 0.9 pct at $343 per tonne
- July New York cocoa settled down 1 pct at $2,589 per tonne
- July London cocoa settled down 0.3 pct at £1,857 per tonne
- July arabica coffee settled up 0.5 pct at $1.2085 per lb
- July robusta coffee settled down 0.3 pct at $1,790 per tonne
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- AfDB annual meetings continue in Busan, South Korea (21-25 May)
- South African inflation data for Apr-18 due [fcst. 3.9% yy, prev. 3.8%]
- South Africa’s Ramaphosa presents budget for presidency in parliament today
- Zimbabwe’s Mugabe could testify before parliament today in $15 bln diamond revenue loss probe
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Ghana president demands criminal probe into soccer body chief
- Rights group accuses Egypt of mass demolition of homes in Sinai
- Two more die of Ebola in Congo; seven new cases confirmed
- UN criticizes Algeria for mass deportations of migrants
- Clashes intensify in east Libya as car bomb kills two
- Shell’s oil spill dispute with Nigeria’s Bodo villagers back in UK court
- Former PM says Libya risks partition if it rushes to elections
- Africa Crude – Nigeria market struggles with unsold cargoes
- With Nigeria’s central bank holding rates, doubts arise over cuts
- Nigeria’s central bank keeps benchmark lending rate at 14 pct.
- Barry Callebaut to boost Ivory Coast cocoa grinding capacity
- South Africa land reform unlikely to mean constitutional change – analysts
- Burkina Faso forces kill 3 suspected Islamist militants in early morning raid
- South Africa’s ANC to “test constitution” on land expropriation
- Ivory Coast grinding up 2 percent by end-April – exporters
- Yields rise in weekly South African govt bond auctions
- South Africa’s finimin Nene says outlook for tax revenues unchanged
- Kenyan shilling weakens on increased importer demand
- Ugandan shilling unchanged, weakened by fuel importer demand
- ATON raises stake in South African target Murray & Roberts to 40 pct
- Egypt sets deadlines for oil and gas exploration bids
- Africa’s green revolutions stumbles at Congo project to solve food shortages
N.B. Full stories of above headlines are available on Reuters
