By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares, sterling falter as Brexit, growth anxiety sap confidence
- MSCI Asia ex-Japan, Nikkei both barely lower
- Investors await central bank decisions, key data
- Sterling weaker after PM Johnson election call
Oil Markets
- Oil retreats after 3-day rally on renewed demand, economic growth concerns
- Brent down 0.5% at $61.37 a barrel (0122GMT)
- WTI down 0.5% at $55.97
Precious metals
- Gold hits 2-wk high as weak US data boosts rate-cut bets
- Spot gold down slightly at $1,501.67/oz. (0117GMT)
- US gold futures flat at $1,504.40/oz.
Grains
- Soybeans tick higher; dismal Chinese demand check gains
- Soybean futures up 0.1% at $9.34-1/2 per bushel (0203GMT)
- Corn futures up 0.1% at $3.87-1/4 per bushel
- Wheat futures up 0.2% at $5.17 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Kenya Building Bridges Initiative (BBI) constitutional reforms report to be submitted to Kenyatta & Odinga
- SADC solidarity with Zimbabwe against sanctions summit
- Release of Botswana poll results continue
- Mozambique election results awaited; Nyusi expected to win
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Egypt’s farmers tackle climate change with comedy and community
- Asia Rice – Vietnam rates hit multi-month peak on robust demand from Africa, Cuba
- Cameroon calls for freeze on Douala port contract over Bollore court case
- South Africa grounds Air Zimbabwe jetliner over debt
- Ethiopia activist calls for calm after 16 killed in clashes
- South Africa’s rand, stocks drift weaker in quiet trade
- Africa Oil – More Nigerian programmes emerge, point to lower volumes
- Kenya’s Safaricom names Ndegwa as chief after 3-mth search
- Market upbeat as Angola central bank lifts reserve ratio, drops FX fix
- Africa FX – Kenyan shilling to strengthen, Nigeria naira to be stable
- Egyptian pound strongest in more than two and a half years
- Thousands in Guinea march against president’s possible third term bid
- Nigerian state oil firm signs memorandum to work with Russia’s Lukoil
- Libyan schools shut as teachers on swollen payroll demand better wages
- Egypt, Ethiopia agree to resume technical assistance discussion on Grand Renaissance
- 40 of 46 grounded South African planes back in air
- Eni buys 70% of Edison stake in Egypt’s Habi offshore gas concession – EGAS official
- South African opposition in crisis as ex-leader quits as MP
- Hundreds gather outside house of Ethiopian activist after deadly day of protests
- Ugandan shilling unchanged, expected to ease due to importer demand
- Zimbabwe to cut power to mines, others over $77 mln in unpaid bills
- Kenyan shilling strengthens on offshore investor inflows, tight liquidity
- South Africa’s Clicks annual earnings rise on solid retail sales
- Russia lands nuclear bombers in Africa as Putin hosts continent’s leaders
- Russia signs deal to supply Nigeria with 12 attack helicopters – RIA
- Kenya’s Mombasa port to upgrade four berths at 20 bln shillings
N.B. Full stories of above headlines are available on Reuters