By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica
Global Markets
- Asia shares jump, yields rise as Fed readies corp bond buying
- Fed announces start of corporate bond buying programme
- Asia equities rally as mood improves
- Treasury yields edge higher
Oil Markets
- Oil prices ease as coronavirus infections rise
- Brent down 0.4% at $39.58 a barrel (0027GMT)
- WTI down 0.7% at $36.88
Precious metals
- Gold gains after Fed ramps up support measures
- Spot gold up 0.1% at $1,726.04/oz. (0504GMT)
- US gold futures up 0.4% at $1,733.90/oz.
Grains
- Chicago corn jumps over 1% as warm weather hits US crop; wheat gains
- Corn futures up 1.1% at $3.32-3/4 a bushel (0339GMT)
- Wheat up 0.5% at $5.07 a bushel
- Soybeans up 0.4% at $8.72 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
- Nigeria Senate investigative public hearing on the power sector
- South Africa opposition EFF virtual youth rally; Malema to speak
- Africa innovation & investment forum 2020; 15-19 Jun
- Nigeria resident doctors go on strike over PPEs
- Kenya’s Kenyatta speaks at Atlantic Council on US-Africa trade
- Uganda opposition coalition protest against Museveni
- World Bank discusses Africa’s fiscal policy space to address covid-19 economic impacts; Okonjo-Iweala key speaker
- Nigeria inflation May-20 [fcst. 12.4% yy, prev. 12.3%]
- 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
- Cape Verde can hold businessman who is close to Maduro for up to 40 days pending extradition
- Botswana lifts coronavirus lockdown in capital city
- Mali says 24 soldiers killed in ambush on Sunday
- France wants talks about ‘aggressive’ Turkish role in Libya
- Nigeria doctors strike for better benefits during coronavirus crisis
- Senegal says two soldiers killed after vehicle hit anti-tank mine
- South Africa rand drops as virus fears hit riskier assets
- Sudan finds mass grave of conscripts killed during Bashir’s rule
- South Africa’s Telkom flags 70% fall in annual earnings
- Africa Oil – Angolan programmes awaited amid glut
- Kinross Gold resolves Mauritania disputes and secures expansion
- Gunmen ambush Mali army convoy, soldiers killed – residents
- Turkey eyes Libya bases for lasting military foothold – source
- Up to 17 infected, 11 dead in new ebola outbreak in Congo
- For black people in France, George Floyd protests are personal
- Nigeria sells 162.6 bln naira of [sukuk] bonds – debt office
- Botswana investigates 154 elephant deaths, rules out poaching
- Turkey says no issues with Russia on Libya after talks delayed
- Siege of Libya’s Sirte behind Turkey-Russia talks delay – Turkish official
- Sudan war crimes charges are untrue, suspect says
- IMF cuts Senegal’s 2020 GDP forecast to 1.1%
- UN rights expert asks to give evidence in South Africa air pollution case
- UN rights body to examine US racism, police brutality – statement
- Kenya shilling holds steady, remittances and horticulture exports help
- Credit from Safaricom’s farming app sows seeds of change in Kenya
- Congo fashion designer goes virtual as virus hits runway shows
- South Africa Discovery warns of up to 90% profit plunge
- Congo’s gold being smuggled out by the tonne, UN report finds
- Tunisia PM decides against relying on more external debt, will freeze salaries
N.B. Full stories of above headlines are available on Reuters