By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica
Global Markets
- Asia shares seen higher but economic woes may cap gains
- MSCI ex-Japan starts higher on Tuesday, Nikkei rises too
- Signs of peaking in coronavirus outbreak helping sentiment
- Confidence tempered by fears of global recession
- Investors eye Chinese trade data, corporate results
Oil Markets
- Oil gains as US shale production set to fall sharply
- Brent up 1.8% at $32.30 a barrel (0017GMT)
- WTI up 2.1% at $22.88
Precious metals
- Gold scales 7-yr high on rising economic worries, Fed stimulus
- Spot gold up 0.4% at $1,721/oz. (0243GMT)
- US gold futures up 1.1% at $1,781.20/oz.
Grains
- Soybeans edge up after losses on demand concerns; corn eases
- Soybeans up 0.2% at $8.55-1/2 a bushel (0120GMT)
- Corn down 0.2% at $3.31 a bushel
- Wheat down 0.1% at $5.55 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
- IMF releases world economic outlook
- Key African countries on lockdown; subdued economic activity
- Covid-19 updates by authorities across the continent
Key African events or data releases yesterday & early a.m today
- China’s Guangzhou city says 111 Africans tested positive for coronavirus
- UN agencies: 117 mln children may miss measles shots due to covid-19
- IMF approves $1 bln in emergency aid for Ghana, $442 mln for Senegal
- China denies city discriminating against ‘African brothers’
- IMF to provide debt relief for 25 countries to help them address pandemic
- Congo records third new ebola case from same infection chain – WHO
- Nigeria to extend coronavirus lockdowns for 14 more days – President Buhari
- Congo records third new ebola case from same infection chain
- Forces aligned with Tripoli govt advance along west Libyan coast
- G20 health ministers to speak next week about coronavirus – statement
- South Africa coronavirus cases rise to 2,272 deaths at 27
- Sudan imposes lockdown on capital after 10 new coronavirus cases
- Nigeria police deploy units to tackle lockdown crimewave
- Tunisia’s trade deficit falls by 12 pct in first quarter
- UN says Saudi deportations of Ethiopia migrants risks spreading coronavirus
- WHO says confident US funding will continue in covid fight
- Shell lifts force majeure on Nigeria’s Forcados crude – statement
- China in the driver’s seat amid calls for Africa debt relief
- Egypt second quarter GDP growth to exceed 1%, deputy minister says
- China says willing to study Africa debt relief jointly with international community
- Nigerians shake off coronavirus lockdown boredom with group exercise
- Sibanye-Stillwater says South Africa operations can resume limited mining
- Rain-short Zimbabwe fights taboo against farming drought-hardy grain
- Saudi Telecom extends Vodafone Egypt stake purchase process by 90 days
- Indigenous Namibians fight for ancestral land in national park
N.B. Full stories of above headlines are available on Reuters