By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares mixed before US jobs data, Europe expected higher
- Europe poised to open higher; Asian stocks diverge
- US non-farm payroll due; Wall St down overnight on oil slump
- China, Japan shut for holiday, return early next week
Oil Markets
- Oil prices slip on way to weekly drop amid surging US output
- Poland releases oil reserves to ease Russian pipeline disruption
- Brent down 0.4 pct at $70.49 per barrel (0646GMT)
- WTI down 0.2 pct at $61.61 per barrel
Precious metals
- Gold holds near 4-mth low as Fed stance hoists dollar
- Gold about 1.1 pct down so far this week
- SPDR Gold holdings fall to lowest in nearly 7 mths
- Platinum touches more than 4-mth high
- Spot gold little changed at $1,272.01 per ounce (0523GMT)
- US gold futures steady at $1,273.30 an ounce
Grains
- Corn edges higher, poised for biggest weekly gain in 5 mths
- Most active CBOT wheat futures up 0.5 pct at $4.46 per bushel (0142GMT)
- Most active corn futures up about 0.1 pct at $3.70-3/4 per bushel
- Most active soy futures unchanged at $8.43-1/4 per bushel
- Most active rice futures down 0.2 pct at $10.68 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- UN world press freedom day
- South Africa state capture inquiry continues
- UK foreign secretary Hunt in Africa (Ethiopia, Kenya, Senegal, Ghana, Nigeria); 29 Apr – 3 May
- World Bank president Malpass in Africa (Madagascar, Ethiopia & Mozambique); 29 Apr – 3 May
- South Africa’s Ramaphosa of the ANC on campaign trail in Cape Town
- South Africa’s Maimane of the DA on campaign trail in Soweto
- Kenya Bankers Association launch card, mobile & online safety awareness #KaaChonjo campaign; CBK’s Njoroge keynote speaker
- Africa travel indaba continues in Durban, South Africa
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- South Africa’s rand weaker as elections approach
- OMV’s Q1 core profit falls due to production disruptions in Libya
- Kenya’s Safaricom FY earnings jump on upbeat M-Pesa growth
- Frustration over South African racial disparities builds as poll nears
- Congolese refugees cross illegally into Uganda, raising risk of ebola – aid groups
- Drama turns young Gambians away from ‘desperate route to Babylon’
- Protesters in Benin clash with police in post-election violence
- Cholera outbreak declared in cyclone-hit northern Mozambique
- Prosecutor orders Sudan’s Bashir interrogated over suspected money laundering, terrorism financing
- Kenya clamps down on gambling ads, says industry endangering lives
- Africa Crude – Trading muted due to May Day, Indian tenders
- Huge crowds join sit-in outside Sudan’s defense ministry – witness
- South Africa says Chinese loan to Eskom not in jeopardy
- As assault grinds on, Tripoli lawmakers reject offensive by UAE ally
- Developing countries need bigger FX crisis toolkits – BIS
- Frustration over South African racial disparities builds as poll nears
- South Africa’s Ascendis sells Bioscience business for $33 mln
- Angola exchange set for first IPOs in 2019 – bourse CEO
- Uganda pop star and critic of President Museveni freed on bail
- Egypt to auction $1 bln in 1-yr dollar t-bills – cbank
- Suspects in murder of Scandinavian women go on trial in Morocco
- South African state rail firm Transnet names another acting CEO
- Athletics – Semenya says ‘no threat’ to women’s sport
- Nigeria, Brexit-bound Britain target closer investment ties
- Strike by Tunisian fuel workers leads to queues and empty pumps
- Uganda shilling inclined on weaker side amid uptick in banks’ demand
- Egypt targets 8 pct growth by fiscal year 2021-22 – PM
- Kenya to lower fiscal deficit to 5.6 pct in 2019/20 fiscal year
- South Africa’s Absa PMI rises in April as blackout fears ease
- Haftar’s ally UAE says “extremist militias” control Libyan capital
- Solar tracking bracelets protect nomadic Kenyan mothers and babies
N.B. Full stories of above headlines are available on Reuters
