By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asia stocks sag ahead of China data, Gulf attacks support oil
- European stocks expected to open slightly higher
- MSCI Asia-Pacific index dips 0.3%, Nikkei adds 0.3%
- Market focus on China industrial production, retail sales
- Caution seen prevailing ahead of Fed’s meeting next week
- Spot gold near 14-mth highs
Oil Markets
- Brent oil rises for 2nd day after Middle East tanker attacks
- Tanker attacks raise threat to supplies from Middle East
- Brent, WTI still heading for weekly declines
- OPEC cuts forecast for growth in global oil demand
- Brent up 0.4% at $61.54 a barrel (0638GMT)
- WTI down 1 cent at $52.27 a barrel
Precious metals
- Gold breaks above $1,350 level as growth woes lift safe-haven demand
- Gold up 1.1% so far this week, set for 4th weekly gain
- Palladium on track for best week in nearly 9 months
- Silver hits 1-wk high
- Spot gold up 1.0% at $1,355.49 per ounce (0749GMT)
- US gold futures up 1.2% at $1,359.50 an ounce
Grains
- Corn hits near 4-yr high, set to finish week up 7%
- Most active CBOT wheat futures up 0.2 pct at $5.36-1/2 per bushel (0103GMT)
- Most active corn futures up 0.5% at $4.44-1/4 per bushel
- Most active soy futures up 0.1% at $8.89 per bushel
- Most active rice futures up 0.2% at $11.67 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- SDGs Implementation in Africa conference in Kigali, Rwanda; Zambia’s Lungu attending (12-14 Jun) #SDGs3YearJourney @SDGCAfrica
- WHO emergency committee to meet on ebola
- South Africa’s EFF June 16 lecture on Sunday; Malema keynote speaker
- AfDB 2019 annual meetings in Malabo, Equatorial Guinea; 11-14 Jun
- South Africa’s Ramaphosa 3-day cabinet lekgotla; day 3
- Togo-EU economic forum in Lome; 13-14 Jun
- South Africa state capture inquiry continues
- Eisenhower Fellowships Africa regional conference in Kigali, Rwanda; 14-16 Jun. Kagame opening speech
- 9th AIDS conference in Durban, South Africa; Deputy President Mabuza closing speaker
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Spotlight gives hope to Africa’s hunted albinos
- South Africa’s rand steady as investors mull developments ahead of long weekend
- South Africa’s Omnia flags full-year loss
- Sudan’s military rulers say several coup attempts thwarted
- Egypt hikes fare on third Cairo metro line
- Soccer – China beat South Africa to send Germany and France though
- Egypt condemns attack on oil tankers in Gulf of Oman – foreign ministry
- Athletics – South Africa’s Semenya denied entry into Rabat 800 metres race
- Mali president visits Dogon village where dozens killed
- Sudan military rulers say they rejected proposal from Ethiopia PM to hold negotiations in Addis Ababa
- Kenya to raise capital gains tax to shore up revenues
- Sudan officers detained in connection with dispersal of sit-in – military council
- Family sent back to DR Congo after two die of ebola in Uganda
- Libya parliament chief allied to Haftar rules out talks before Tripoli captured
- Algeria ex-PM Sellal arrested over graft allegation – state TV
- Sudan military council head meets senior US diplomat in Khartoum – statement
- UN says it confirms 17 deaths in Sudan’s Darfur
- Ethiopia pursues liberalised telecoms by approving scope of regulator
- Sudan’s state prosecutors charge Bashir with corruption
- South Africa – Rand edges down as Ramaphosa, inflation data in focus
- Libya – Tripoli children struggle to study as war reaches the capital
- Firm seeks $9 bln Nigeria asset seizure over unpaid gas project arbitration
- Africa Oil – Angola cargoes clearing on discounts but overhang looms
- Libya’s NOC says 80 soldiers entered Ras Lanuf terminal, taken over building
- Tanzania spending to rise 2% to 33.11 tln shillings – finmin
- Uganda govt spending to rise 23% in 2019/20 – finmin
- Head of east Libya parliament rules out talks before Tripoli captured
- South Africa central bank committed to price stability mandate
- Kenya, Zambia currencies seen easing; Ugandan, Tanzanian firm; in week ahead
- Rwanda spending to rise 11% in 2019/20 – finmin
- Blackwater founder expands operations in Congo
- Algeria police arrest partner of Germany’s VW over corruption allegations – state TV
- Africa sees increase in foreign investment, buckling global trend
- Kenya reduces budget deficit for 2019/20 fiscal year – budget
- Zimbabwe pensioners face delay in payments amid currency row
- Zambia president threatens to fine miners who break law
- Mali fires regional governor after attack that killed dozens
- Uganda shilling firm helped by investor flows
- South Africa’s Q2 business confidence is unchanged from Q1
- Tanzania forecasts economic growth of 7.1% in 2019
- Kenya shilling weakens against the dollar
- Public gatherings banned in Kasese District in Uganda after ebola outbreak
- South Africa – Rand slips on investigation into Ramaphosa campaign donation
- Second ebola patient dies in Uganda – health ministry official
- Algeria floats idea of larger OPEC+ oil cut, rollover still likely – sources
- IMF approves disbursement of $248.15 mln under Angola’s credit facility
N.B. Full stories of above headlines are available on Reuters