By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares slip on mixed US earnings, ECB rate hold
- S&P 500 slips from record high after earnings disappointment
- Alphabet, Intel jump in after-hour trade
- Bond yields off lows after ECB holds off rate cuts
- ECB widely seen easing its policy in Sept
Oil Markets
- Oil drops after poll points to slower global growth
- Brent down 0.4% at $63.15 a barrel (0049GMT)
- WTI down 0.1% at $55.97
Precious metals
- Gold ticks up ahead of US GDP data; set for weekly drop
- Spot gold up 0.2% at $1,417.55 per ounce (0130GMT)
- US gold futures up 0.2% at $1,417.10
Grains
- Soybeans set for weekly drop of 2% as China demand stalls
- Most active CBOT soybean futures down more than 2% so far this week
- Most active corn futures down nearly 2% for the week
- Most active wheat futures slipped nearly 1% on-week
- Most active wheat futures down 0.1% at $4.99 per bushel (0400GMT)
- Most active corn futures down about 0.1% at $4.27-1/4 per bushel
- Most active soy futures up about 0.1% at $9.00-1/4 per bushel
- Most active rice futures down 0.3% at $12.10 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Liberia independence day; Nigeria’s Buhari attending celebrations in Monrovia
- South Africa’s EFF 6th anniversary activities; main event on 27 Jul
- South Africa’s ruling ANC executives to meet
- Zimbabwe’s Mnangagwa in Namibia for state visit; 24-26 Jul
- Screening of Nigeria’s Buhari cabinet nominees continues; day 3
- South Africa central bank annual general meeting
- Tanzania’s Magufuli to kick off $3 bln 2,115MW hydropower project
- 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]
- Tunisia’s Essebsi, leading figure in shift to democracy, dies at 92
- Deployment of second ebola vaccine would not be quick fix, experts warn
- Algeria names panel to oversee dialogue, hold presidential election
- Islamic State says it kidnapped 6 aid workers in northeast Nigeria
- Tunisia presidential election to take place on Sept 15 – Electoral Comm
- Act now to avert disaster in drought-hit East Africa, aid agencies say
- South Africa’s rand hits 2-wk low on Moody’s warning over Eskom
- Africa Oil – Angolan sales up on Asian margins
- Somalia – Mogadishu mayor, once a London councillor, wounded in a blast
- Tunisia parliament speaker sworn in as new president
- IMF says ready to aid Congo in ebola crisis if needed
- South Africa sees new LNG import terminal ready by 2024
- Kenya’s central bank chief plays down impact of Rotich charges
- South Africa’s Momentum Metropolitan to buy Alexander Forbes’ short-term insurance unit
- UNHCR says up to 150 people may have died in shipwreck off Libya
- Africa FX – Kenya currency seen on back foot, Tanzania, Uganda, Zambia’s firm; in week ahead
- Zambia finance minister sees 2019 GDP growth at 2.5%
- Deployment of second ebola vaccine would not be quick fix, experts warn
- After a long journey, 16 rare black rhinos make a new home in eSwatini
- Uganda shilling trades unchanged, charity flows offer support
- Zimbabwe tourism minister detained by new anti-corruption agency
- Kenya’s central bank says no target rate for the shilling
- South Africa’s rand wobbled by Moody’s warning over Eskom bailout
- China exports gasoline to Mexico, Nigeria amid overflowing output
- Kenya shilling drops to its lowest level in nearly 2 years
- Kenya central bank governor says growth predicted to hit 6% in 2019
- Moodys’s says new Eskom support credit negative for South Africa
- South Africa committee could get March 2020 deadline for land reform
- South Africa’s Vodacom Q1 revenue rises on international business
- CNOOC halts field work at western Uganda project over ebola fears
- South Africa’s Sasol forecasts higher annual core earnings
N.B. Full stories of above headlines are available on Reuters
