#Africa #Markets | 12 Jun

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Dollar rises, stocks inch up as US-North Korea summit gets underway
  • MSCI ex-Japan add 0.1 pct, Nikkei pares early gains
  • Trade volatile as US-North Korea summit gets underway
  • Dollar rise to the highest in 3 weeks against yen

Oil Markets

  • Oil edges up on cautious optimism over Trump, Kim summit in Singapore
  • Trump, Kim shake hands and launch summit in Singapore
  • Markets edge up on expressions of goodwill
  • Brent crude futures up 10 cents at $76.56 per barrel (0201GMT)
  • US WTI crude futures up 14 cents at $66.24 a barrel

Precious metals

  • Gold eases on firmer dollar; US-North Korea summit, Fed meeting in focus
  • Spot gold down 0.2 pct at $1,297.68 per ounce (0046GMT)
  • US gold futures for August delivery down 0.1 pct at $1,301.60 per ounce


  • Soybean prices edge up on crop report, move away from 5-mth low
  • Most active CBOT wheat futures down 0.7 pct at $5.11 per bushel (0037GMT)
  • Most active corn futures up 0.2 pct at $3.68 per bushel
  • Most active soybean futures up 0.2 pct at $9.55-3/4 per bushel
  • Most active rice futures unchanged at $11.64 per hundredweight

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

  • Nigeria to honour June 12 matyrs & activists today
  • All eyes on Trump-Kim summit underway in Singapore

Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]

  • Zimbabwe parliament drops call for Mugabe to answer questions on diamond mines
  • Vedanta to double output at Zambia’s Konkola Copper Mines – regional CEO
  • Rioters ransack Malian govt buildings after dispute with Randgold mine
  • Libyan forces’ battle for eastern city Derna in final stages – spokesman
  • Three miners killed in accident at Sibanye gold mine in South Africa
  • Africa Crude – More delays to Nigerian Bonny Light as pipeline closes
  • US embassy warns citizens to consider leaving district in north Mozambique
  • South African rand weaker for third day; Fitch eyed
  • Anadarko says monitoring Mozambique security situation
  • Winter rains ease Cape Town’s historic drought as dams fill up
  • On Ethiopia-Eritrea frontline, anger at Addis’ olive branch
  • Tanzania orders all unregistered bloggers to take down their sites
  • Egypt to announce higher electricity prices on Tuesday – MENA
  • Kenya to publish draft data protection bill this month – minister
  • ‘No sacred cows’: South African Airways boss plans deep cuts
  • Kenyan official says five dead in reemergence of Rift Valley fever
  • Airtel’s Kenyan unit abandons plan to merge with Telkom – sources
  • Egypt sells $715 mln in 1-yr dollar-denominated t-bills – cenbank
  • Israel’s Delek Drilling seeks shareholder approval for Egypt pipeline investment
  • War-torn South Sudan issues higher denomination banknotes amid soaring inflation
  • Seaboard Corp confident of sealing deal for Kenya’s Unga
  • Sonatrach signs gas exploration deal with Total, Repsol
  • Total signs deal to extend TFT gas field license in Algeria
  • South African Airways’ catering unit plans to cut 118 jobs – union
  • South African public sector strike off as wage deal signed
  • South Africa’s Vodacom to increase black ownership
  • Chalco targets Guinea bauxite production by end-2019
  • Morocco, Nigeria agree on next steps for offshore/onshore gas pipeline

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

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