By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica
Global Markets
- Japan shares hit 10-wk peak, S&P 500 tests 3,000
- Nikkei rises 2% to highest since early March
- S&P 500 futures climb 1.4% to test 3,000 barrier
- China central bank says to strenghten economic policy
- Oil up as supply falls, US rigs hit all-time low
Oil Markets
- Oil climbs as suppliers stick to output cuts, coronavirus lockdowns ease
- Brent up 0.7% at $35.76 a barrel (0057GMT)
- WTI up 2.3% at $34.00
Precious metals
- Gold ticks up on Sino-US tensions over Hong Kong
- Spot gold up 0.2% at $1,732.38/oz. (0241GMT)
- US gold futures down 0.1% at $1,733.50/oz.
Grains
- Weak dollar lifts soybeans out of losing streak
- Soybean futures up 0.5% at $8.37-3/4 a bushel (0115GMT)
- Corn unchanged at $3.18 a bushel
- Wheat unchanged at $5.08-3/4 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
- Nigeria releases Q1 capital importation stats
- South Africa briefings on 1 June covid level 3 alert move expected
- Muslim Eid celebrations; some markets on holiday
- Key African countries on lockdown or restricted; subdued economic activity
- Covid-19 updates by authorities across the continent
Key African events or data releases yesterday & early a.m today
- Ivory Coast rejects report showing rising child labour in cocoa sector
- Morocco to try opposition editor accused of sexual assault
- WHO fears “silent” virus epidemic unless Africa prioritises testing
- South Africa Truworths warns on profit, UK footwear options open
- Burundi ruling party wins presidential election
- Libya stops nearly 400 migrants attempting to cross to Europe – IOM
- South Africa Airways administrators can appeal layoff ruling – court
- South Africa – AngloGold Ashanti reports more covid-19 positive cases at Mponeng mine
- Hit by coronavirus, Kenyans turn to car boot commerce
- South Africa Truworths considering all options for UK shoe chain office
- Mozambique records its first death from covid-19 – health ministry
- Ivory Coast children head back to school after virus shutdown
- South Africa Tiger Brands eyes ‘significant’ job cuts on coronavirus
- Barrick pays Tanzania initial $100 mln after gold shipments resume
- Barrick’s Tanzania gold concentrate containers clear for export
- South Africa public sector wage dispute moves to arbitration
- Nigeria economy expands 1.87% y/y in Q1 – stats office
- South Africa Tiger Brands reports lower H1 earnings, defers dividend
N.B. Full stories of above headlines are available on Reuters
