By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- US stock futures slip after tariff hike, Asia shares eke out gains
- S&P 500 mini futures fall, Asia stocks stay up in volatile trade
- Some investors pin hopes on Friday’s US-China trade talks
- Most stock markets on track for heavy weekly losses
- US treasuries & yen supported
- European shares seen up 0.5-0.6 pct
Oil Markets
- Oil gains despite mounting US-China trade tensions
- WTI on track for first weekly gain in three
- Though Brent heading for second weekly loss
- Brent up 34 cents at $70.73 a barrel (0643GMT)
- WTI up 39 cents at $62.09 a barrel
Precious metals
- Gold prices buoyed as US-China trade tensions mount
- Spot gold steady at $1,284.65 per ounce (0142GMT)
- US gold futures unchanged at $1,285.70 an ounce
Grains
- Soybean prices edge away from 10-yr low, but trade tensions drag
- Most active CBOT wheat futures up 0.8 pct at $4.33 per bushel (0101GMT)
- Most active corn futures up 0.4 pct at $3.54-3/4 per bushel
- Most active soy futures up 0.6 pct at $8.17-1/2 per bushel
- Most active rice futures down about 0.1 pct at $10.93 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Roadshow for Kenya 12-yr, 31-yr dual-tranche eurobond in London & US ongoing
- Nigeria – Judgement of sacked chief justice Onnoghen’s appeal of misconduct conviction today
- 22nd inter-governmental committee of senior officials & experts for West Africa (#ICE2019WA) in Liberia; 8-10 May
- South Africa state capture inquiry continues
- UN general assembly Maria Garces in Ghana
- Vote count of 2019 South Africa national & provincial elections continue
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Miner Lonmin says delays in Sibanye-Stillwater deal to hurt sales
- South African rand steady as ruling party takes lead in elections
- South Africa’s ANC poised for election victory but support ebbs
- US air strike kills 13 Islamic State fighters in Somalia – US military
- After ousting Bashir, Sudan’s activists struggle to loosen military’s grip
- ANC takes commanding lead in South Africa’s election but support ebbs
- Kenya court sentences Briton to four years on terrorism charges
- ANC set to retain power in South Africa but support slips
- Libya govt threatens to suspend foreign firms to pressure Europe
- IMF provisionally agrees 3-yr loan deal with Congo Republic
- Nigeria central bank head nominated for second term
- Libya gives 40 foreign firms 3 months to renew licenses
- Sudan forces seize 241 kg gold from plane
- Acacia Mining hits back at parent Barrick in Tanzania row
- Africa Oil – West African diffs steady amid strong demand
- Congo Republic’s economy expected to grow more than 5 pct in 2019 – IMF
- UK gravely concerned at situation in Libya
- Egypt court fines ex-interior minister $29 equivalent for abuse of funds
- How Total’s CEO pounced on Anadarko’s African energy assets
- Togo term limit law allows president 10 more years of rule
- Egypt headline inflation drops to 13.0 pct in April – CAPMAS
- Libya plans to increase oil output from existing fields to 1.4 mln bpd this year
- Kenya’s shilling to strengthen, Uganda’s to weaken; in week ahead
- Kenya’s Equity Bank eyes more profit from subsidiaries after subdued Q1
- South Africa’s manufacturing output up 1.2 pct y/y in March
- Tanzania opposition activist found beaten, dumped in village
- South Africa listed Steinhoff shares tumble after release of 2017 results
- Zimbabwe warns of power cuts as dam levels fall, ageing plants stutter
- AngloGold Ashanti plans to sell up in South Africa
- Uganda shilling forecast to weaken due to importer, commercial bank demand
- Kenya starts roadshow for 12-, 31-yr dual-tranche eurobond
- Uganda launches second round of competitive bidding for oil blocks
N.B. Full stories of above headlines are available on Reuters
