By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Caution creeps into Asian markets at US tariff deadline looms
- MSCI ex-Japan off 0.1 pct, Aussie shares tad softer
- Deadline for fresh US tariffs on China on Thursday
- Trump threatened by legal woes of two former advisers
Oil Markets
- US oil extends gains after crude inventories decline
- US crude stocks drop by 5.8 mln barrels to 408.36 mln barrels
- US crude output rises back to 11 million bpd
- US-China trade dispute threatens global economic growth
- Trump does not expect trade talks to resolve issues soon
- US WTI crude futures up 0.1 pct at $67.95 per barrel (0044GMT)
- Brent crude oil futures down 9 cents at $74.69 per barrel
Precious metals
- Gold falls as rate hike views steady dollar
- Spot gold down 0.3 pct at $1,191.87 an ounce (0102GMT)
- US gold futures down 0.3 pct at $1,200 an ounce
Grains
- Soybeans ease for 3rd session on US crop prospects, wheat prices firm
- Most active CBOT wheat futures up 0.6 pct at $5.48-1/4 per bushel (0041GMT)
- Most active corn futures up 0.3 pct at $3.68 per bushel
- Most active soy futures down 0.3 pct at $8.68 per bushel
- Most active rice futures up 0.2 pct at $10.82 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Uganda opposition figure #BobiWine appears in court today
- Ghana’s Mahama to declare NDC presidential flagbearership intent
- Botswana interest rate decision expected [fcst. 5.0%, prev. 5.0%]
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Congo approves more experimental ebola treatments
- Zimbabwe court to rule on disputed election on Friday
- Africa Crude – Nigerian cargoes slowly clear, Qua and Forcados offered up
- Tanker with 19 crew on board missing in piracy-plagued West African waters
- South Africa’s African Rainbow Minerals sees 2018 profit jump
- South Africa’s Bidcorp close to a deal on selling UK logistics business
- Rifts at the top rattle Zimbabwe after Mugabe
- More than 100 migrants storm border of North African Spanish enclave
- Nike stores closes in South Africa amid outcry over racist web post
- Zambia copper output up 10.6 pct in first half of 2018 – central bank
- Egypt targets $11 bln foreign investment in 2018-19 vs $7.9 bln in previous year
- Aid prize winner spotlights water crisis in Kenya’s slums
- Zambia raises 2018 fiscal deficit forecast to 7.8 pct – central bank
- US poultry industry to urge retaliation if South Africa ends quota
- Taiwan’s last Africa ally tells China ‘no desire’ to switch ties
- Uganda shilling weakens as banks beef up positions
- South Africa’s inflation rises to 5.1 pct in July, highest in ten months
- Kenyan shilling firm on investor inflows
- eSwatini will not switch to China from Taiwan – minister
N.B. Full stories of above headlines are available on Reuters
