By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares dart between gains and losses before key China data
- MSCI Asia ex-Japan up 0.1%
- China June trade, lending data due Friday, Q2 GDP due Monday
- Trump says China not living up to promises
Oil Markets
- Oil prices rise amid Gulf of Mexico storm, Middle East tensions
- Brent up 0.6% at $66.89 (0115GMT)
- WTI up 0.6% at $60.54
Precious metals
- Gold gains on US-China trade jitters, rate cut hopes
- Spot gold up 0.4% at $1,408.62/oz (0133GMT)
- US gold futures up 0.2% at $1,410/oz
Grains
- Wheat falss but set for first weekly gain in a month
- Most active CBOT wheat futures down 0.1% at $5.20-3/4 per bushel (0255GMT)
- Most active corn futures unchanged at $4.48 per bushel
- Most active soy futures nearly unchanged at $9.17 per bushel
- Most active rice futures down 0.3% at $11.90 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- South Africa state capture inquiry continues
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- IMF approves $449 mln Congo Republic bailout after China debt deal
- Families and Ethiopian farmers feel in the dark over Boeing’s aid offer
- Sudan’s military rulers say coup attempt thwarted
- Egypt detains man behind pro-Mubarak Facebook page
- South Africa’s Eskom new funding bill expected July 23
- Death toll in migrant ship disaster off Tunisia coast rises to 58
- Egypt central bank keeps key rate unchanged
- UN chief calls for more support for cycolone-hit Mozambique
- Nigeria to force lending by capping deposits at central bank
- Africa Oil – Nigerian July spot cargoes remain, traders report Saturno outage
- South African Airways chairman has quit – minister Gordhan
- South African rand stronger with Fed seen cutting rates
- Zimbabwe lawmaker to spend more time in detention after court appearance
- Go-slow at port hits South African car and commodity exports
- OPEC sees lower 2020 demand for its oil, points to surplus
- Kenya’s NSE kicks off futures trading with most liquid stocks
- Tanzania says does not know whether missing journalist is dead or alive
- South Africa’s manufacturing, mining subdued as growth burden shifts to central bank
- Police fire guns during Shi’ite protest in Nigerian capital – witness
- South Africa’s Nampak has made significant progress in talks for glass unit sale
- South Africa’s manufacturing up 1% y/y in May
- Uganda shilling steady, importer demand low
- Kenya orders Safaricom to shut down betting payments in revenue blow
- Egypt’s arrears to foreign oil firms fall by end of June – minister
- Kenya shilling under pressure against the dollar
N.B. Full stories of above headlines are available on Reuters
