By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asia stocks climb pre-G20, oil up on US-Iran feud
- Asian stocks edge up, Europe seen slightly higher before G20
- Investors doubtful over meaningful US-China deal at summit
- Oil higher on US-Iran tensions; light crude firms over 1%
Oil Markets
- Oil prices climb as US-Iran tensions mount
- Pompeo says “significant” sanctions will be announced on Tehran
- Brent up 0.8% at $65.70 a barrel (0655GMT)
- WTI up 1.2% at $58.13 a barrel
Precious metals
- Gold hovers near 6-yr peak as dovish cenbanks, US-Iran jitters fuel demand
- SPDR posts best 1-day pct gain in nearly 11 yrs
- Spot gold up for 5th session
- Spot gold up 0.4 pct at $1,403.88 per ounce (0701GMT)
- US gold futures up 0.5% at $1,407.10 an ounce
Grains
- Wheat prices for 2nd session on ample world supply, corn firms
- Most active CBOT wheat futures down 0.4% at $5.28-3/4 per bushel (0116GMT)
- Most active corn futures up 0.5% at $4.44-1/4 per bushel
- Most active soy futures up 0.2% at $9.04-1/4 per bushel
- Most active rice futures down 0.1% at $11.28 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Zimbabwe’s Mnangagwa hosts Wildlife Economy Summit in Victoria Falls; 23-25 Jun [Botswana’s Masisi attending]
- Nigeria’s central bank governor Emefiele press conference on 5-year plan
- Nigeria’s SEC new board to be inaugurated; after some 4 years
- Nigeria’s Osinbajo in US; to meet Pence, Council of Foreign Relations, etc
- 2nd Ghana Most Respected CEOs Breakfast in Accra
- Uganda’s Museveni in Beijing; attending China-Africa Economic & Trade Expo
- South Africa state capture inquiry resumes
- South Africa PIC inquiry resumes
- Kenya to repay $750 mln of debut eurobonds
Key African events or data releases over the weekend & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- South Africa’s rand stretches gains as Fed, ECB turn dovish
- Ruling party candidate declared winner of Mauritania election
- Australia’s Ausdrill wins $554.6 mln contract in Botswana
- Ethiopian, African Union mediation needs to be unified – Sudan military council
- Ethiopia’s army chief, 3 others killed in failed regional coup
- Sudan court orders company to end military-ordered internet blackout – lawyer
- Mauritania govt declares victory for ruling party candidate
- Soccer – Nigeria players protest unpaid bonuses after World Cup elimination – ESPN
- Ethiopia’s chief of army staff was killed in Addis Ababa by bodyguard – PM’s office
- West African task force says troops killed 42 Islamic State fighters near Lake Chad
- Ethiopian army general behind coup attempt in Amahara state – state TV
- Ethiopia says coup attempt against leader of Amhara state failed
- Sudan’s main opposition coalition says agreed to mediator draft agreement
- 3 al Shabaab fighters killed in Kenya after attack on police
- Egypt delegation to join Bahrain conference on Palestine economy
- South Africa’s MultiChoice looks to lay off more than 2,000
- World Bank lends Morocco $500 mln to expand early education
- Malawi leader vows to lift economy as protests continue
- Vodacom reaches deal with Congo over 2G licence
- African Bank moves to stem client exodus, safeguard South African comeback
- Algeria detains businessman in corruption investigation – radio
- Africa Oil – Nigerian OSPs boost seller confidence
- Ethiopia opposition see dangers if 2020 vote delayed
- Morocco’s CPI rises 0.3% in May – planning agency
- Orange sees Ethiopia’s telco liberalisation taking shape in 2020
- Telecoms group Orange sees Africa/Middle East region growing around 5% in 2019
- South Africa’s Vodacom to sell some operations in 5 African markets
- Kenya shilling weakens, hurt by energy, manufacturing sector demand
N.B. Full stories of above headlines are available on Reuters
