By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Stocks rally again on expected Fed rate cuts; euro on defensive
- Major Wall St indexes at record highs on rising cut hopes
- Global bond rally continues; Treasury yield hits 32-mth low
- Trade subdued, US financial mkts closed for holiday
Oil Markets
- Oil prices edge down, pressured by US supply
- Brent down 0.4% at $63.60 per barrel (0112GMT)
- WTI down 0.3% at $57.18 per barrel
Precious metals
- Gold steady as firm equities offset support from weak dollar, rate cut hopes
- Spot gold largely unchanged at $1,418.60 per ounce (0119GMT)
- US gold futures up 0.1% at $1,421.7 an ounce
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- 35th ordinary session of AU executive council in Niamey, Niger; 4-5 Jul
- 25th Rwanda liberation anniversary in Kigali; African heads of state or representatives attending
- Africa Airtel IPO on Nigerian Stock Exchange in Lagos
- Manufacturing-themed 7th Transform Kenya Forum #TransformKenyaSG in Nairobi; Kenyatta to open
- South Africa state capture inquiry continues
- South Africa’s Ramaphosa on working visit to Lesotho
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- At least 44 die as air strike hits Libya migrant detention centre – UN
- Libya’s Tripoli Mitiga airport resumes air traffic following air strike
- Algeria interim leader says dialogue and elections only democratic solutions
- Nigeria’s NNPC says it paid debts owed to Mobil Producing Nigeria
- Industry doubts remain over Ivory Coast, Ghana cocoa floor price
- Eastern Libya forces attack drone control room at Tripoli base
- Sudan’s military rulers and opposition alliance meet for talks in Khartoum
- Burkina Faso urged to avoid curbs on security reporting
- Nigeria sex traffickers fleeing hotspot for new havens, activists warn
- South Africa’s rand steady as trade woes hit EM currencies, stocks dip
- Morocco’s Q2 economic growth slows to 2.6% – planning agency
- Sudan’s military rulers pardon 235 detained members of Darfur rebel group – state tv
- Africa Oil – Nigerian diffs firm on US imports of European gasoline
- Mozambique says militants kill 11 in attack near Tanzania border
- Wanted militant blows himself up in Tunisian capital
- UN’s Bachelet says Sudan protests biggest yet, time for transition
- More than 100 civilians killed in South Sudan violence after peace deal – UN report
- South Africa weighs new support measures for struggling Eskom
- Kenya private sector activity jumps in June – PMI
- Uganda shilling unchanged as banks’ and importer demand flat
- Zimbabwe runs out of passports, adding to long list of shortages
- Premium prices attract small farmers back to coffee growing in Zimbabwe
- South African business confidence slightly higher in June
- Naspers picks Mahanyele-Dabengwa as CEO for South Africa
- Zimbabwe president says needs to import 800k tonnes of maize – media
- At least 30 killed in hit on Tripoli migrant centre – UN
- Egypt non-oil private sector slows for second month – PMI
N.B. Full stories of above headlines are available on Reuters
