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 5^th 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 2^nd 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
• 2^nd 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