By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asia shares pin all on dovish Fed, risk disappointment
- Asia shares ex-Japan enjoy best day since Jan
- Much riding on Fed being open to easing, and soon
- Global bonds rally after Draghi flags stimulus
- Trump says to meet Xi at G20, trade talks to resume
Oil Markets
- Oil gains amid US-China trade deal hopes, ECB talk of easing policy
- Brent up 0.3% at $62.34 a barrel (0644GMT)
- WTI up 0.4% at $54.10 a barrel
Precious metals
- Gold inches lower as trade optimism, dovish ECB lift equities
- Spot gold down 0.1% at $1,344.92 per ounce (0424GMT)
- US gold futures down 0.2% at $1,348.40 an ounce
Grains
- Soybeans fall, retreat from more than 3-mth high
- Most active CBOT wheat futures down 0.8% at $5.27-1/2 per bushel (0124GMT)
- Most active corn futures down 0.3% at $4.48-1/4 per bushel
- Most active soy futures down 0.6% at $9.08-1/4 per bushel
- Most active rice futures down 0.4% at $11.52 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Zimbabwe AfCFTA consultative forum; 19-20 Jun
- SWIFT African regional conference in Accra, Ghana; 18-20 Jun
- US-Africa Business Summit in Maputo, Mozambique; Trump’s ‘Prosper Africa’ to be launched
- South Africa inflation May-19 [fcst. 4.8% yy, prev. 4.4%]
- South Africa state capture inquiry continues
- South Africa PIC inquiry continues
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- South African rand retreats from 2-wk high, eyes on CPI and Fed
- ‘Everything is stolen from us’: Tunisians fight to preserve cultural heritage
- Scandal-hit Steinhoff posts narrow $1.3 bln loss in delayed 2018 results
- Air strike hits warehouse co-owned by Italy’s ENI in Libya
- Anadarko approves $20 bln LNG export project in Mozambique
- Morocco’s Managem increases stake in Guinea’s Tri-K gold project to 85%
- Survivors recall horror of Congo ethnic attacks
- Gunmen kill 41 people in central Mali – mayor
- Athletics – South Africa’s Semenya to chase fast 800m at Prefontaine Classic
- Nigeria governor says armed robbers, not cash-eating gorilla, stole $22,000
- Tunisia approves law excluding presidential candidate leading in polls
- Wood Mackenzie says Anadarko to develop $20 bln Mozambique LNG project
- New dresses, youth action: ending FGM in Africa
- Internet blackout hits Ethiopia’s pocket, but not seen deterring telecoms investors
- Lawmakers propose nationalising loss-making Kenya Airways
- Uganda clears 3 experimental ebola treatments, watches for spread
- Algeria army chief says “certain parties” seeking constitutional vaccum
- Africa Oil – Angola buyers expect August discounts, Nigerian programmes awaited
- Kenya parliament committee proposes nationalisation of Kenya Airways
- South Africa rand rallies as Ramaphosa set to give more support for Eskom
- Morocco central bank leaves benchmark rate at 2.25%
- Uganda shilling firms as players trim positions
- Nigeria has no plans to go to eurobond market this year
- Uganda central bank holds key lending rate at 10%, sees faster GDP growth
- Egypt plans bond denominated either in yuan or yen or South Korean won – official
- More than 300k flee Congo violence, complicating ebola fight – UN
- African survivors of FGM call for help with mental trauma
- Kenya shilling seen under pressure from excess liquidity
N.B. Full stories of above headlines are available on Reuters
