By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian stocks hobbled by fading expectations for aggressive Fed rate cut
- Markets now expect 25 bp cut from Fed this month
- Asian shares little changed ahead of Powell’s testimony
Oil Markets
- Oil prices drop as trade tensions stoke economy worries
- Brent down 0.3% at $63.90 a barrel (0022GMT)
- WTI down 0.4% at $57.46 a barrel
Precious metals
- Gold slips as fading expectations of sharp rate cut lift dollar
- Spot gold down 0.3% at $1,391.65 per ounce (0118GMT)
- US gold futures down 0.4% at $1,395.10 an ounce
Grains
- Soybeans edge higher on USDA crop condition report
- Most active CBOT wheat futures down 0.5% at $5.08-1/4 per bushel (0036GMT)
- Most active corn futures down 0.3% at $4.42-1/2 per bushel
- Most active soy futures up 0.2% at $8.99-1/2 per bushel
- Most active rice futures down 0.6% at $11.66 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Airtel Africa listing on Nigerian stock exchange
- AfDB+AFC Africa investment forum Nigeria roadshow in Abuja
- South Africa state capture inquiry continues
- South Africa PIC inquiry continues
- South Sudan 8th independence anniversary; no official celebrations
- Sudan military & opposition to sign agreement to establish joint military and civilian council
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Construction firm wants debt settlement as part of Congo IMF deal
- Africa Oil – Spot trade muted, tender results awaited
- South Africa’s rand steady as Fed cut bets fade
- International court convicts Congo’s Ntaganda of war crimes
- Tunisia trade deficit widens to record $3.4 bln
- Premium prices attract small farmers back to coffee growing in Zimbabwe
- Tunisia tourism revenues jump 42.5% in first half 2019
- South Sudan 2019/20 spending to more than double – finmin
- Zimbabwe poised to raise public workers pay again
- Economic “game changer”? African leaders launch free-trade zone
- Former CEO of Kenyan stockbroker fined for insider trading
- Congolese army fires in the air during protest near Glencore plant
- Zimbabwe power utility says needs $14 mln each month for imports
- Airtel Africa to list in Nigeria on Tuesday – bourse
- South Africa’s Implats to swing back to annual profit
- Uganda shilling unchanged as energy and manufacturing demand flat
- Congo army fires shot in the air amid protest at Glencore plant
- Kenya shilling weakens against the dollar
- Zimbabwe could hike rates over 50% to deal with speculators – finmin
- As drought stokes urban hunger, Ethiopia dishes up free school meals
N.B. Full stories of above headlines are available on Reuters
