By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica
Global Markets
- Asia stocks up as China PMI, US data cheer markets worried over coronavirus surge
- Equities see positives in economic data
- Hong Kong shares not phased by China security bill
- Coronavirus surge remains a risk to markets
Oil Markets
- Oil prices slip as weak Japan data exposes market jitters over fragile demand
- Brent down 0.8% at $41.53 a barrel (0038GMT)
- WTI down 1% at $39.32
Precious metals
- Gold poised for best quarter in four years as virus fears persist
- Spot gold steady at $1,771.30/oz. (0306GMT)
- US gold futures up 0.2% at $1,783.80/oz.
Grains
- Soybeans edge higher ahead of USDA report
- Soybean futures up 0.3% at $8.69 a bushel (0101GMT)
- Corn down 0.2% at $3.25-1/4 a bushel
- Wheat down 0.5% at $4.84 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
- Electoral Commission Ghana starts voter re-registration exercise
- EU leaders meet G5 Sahel heads of state in Mauritania
- Nigeria’s Buhari flags off section of Trans-Nigeria gas pipeline
- Kenya & Uganda publish June inflation data
- South Africa’s central bank publishes money & credit statistics
- South Africa state capture inquiry continues
- 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
- Nigeria’s slave descendants hope race protests help end discrimination
- Congo president vows not to accept judicial reforms that cause ‘harm’
- Senegal lifts covid-19 state of emergency to protect economy
- Macron slams Turkey’s ‘criminal’ role in Libya, Putin’s ambivalence
- Saudi crown prince, Nigerian president discuss OPEC+ deal compliance
- South Africa court sides with Eskom in clawback dispute
- Libya’s NOC confirms international talks on resuming oil output
- South Africa’s Naspers posts 4.5% fall in full-year profit
- South Africa’s MTN allows customers to pay for online shopping using mobile money
- Algeria annual inflation rises in May
- Four aid workers say militants abducted them in northeast Nigeria
- Nigeria to ease covid-19 curbs on inter-state travel and students
- Matonge, An African home in Brussels
- Nigeria to allow travel between states outside curfew hours from July 1
- Lesotho’s former first lady granted bail in murder case
- Libya tribal leaders says oil output to resume
- Uganda power distributor Umeme to invest $83 mln to boost network
- “On our knees”: Kenya tourism revenue collapses
- Malawi names former insurance executive as finance minister
- Kenya shilling holds steady against the dollar
- Burundi’s new cabinet includes two under Western sanctions over rights abuses
- Kenya loses 80 bln shillings in tourism revenue due to coronavirus
- Libya’s NOC confirms international talks on resuming oil output
- Potato diplomacy as Malta seeks new era of Namibia relations
- West Africa instability risks gains against militants – French official
- South Africa firm aims to plug covid-19 test kits shortage as virus spreads
- France warns political uncertainty in Mali, Burkina risks recent progress
- Uganda shilling a touch stronger as charity flows offer support
- Spain says PM off to Africa, EU’s list of safe nations ready soon
N.B. Full stories of above headlines are available on Reuters
