macroafricaintel Daily Brief | 13 Aug

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica

Global Markets

  • Asia stocks grind higher, dollar slips as US data brightens mood
  • US inflation beat expecations, virus looks to be stalling
  • Nikkei surges to 6-mth top
  • USD back under pressure; gold bounces
  • Brent down 0.3% at $45.28, WTI at $42.54

Oil Markets

  • Oil edges lower after jump on US stocks draw
  • Brent down 8 cents at $45.35 a barrel (0150GMT)
  • WTI down 6 cents at $42.61

Precious metals

  • Gold rises 1% as weaker dollar bolsters appeal
  • Spot gold up 1% at $1,936.99/oz. (0314GMT)
  • US gold futures down 0.1% at $1,947.60/oz.


  • Corn jumps 1% to hit over 2-wk high on USDA report
  • Corn futures up 1.3% at $3.31-1/2 a bushel
  • Soybeans up 0.5% at $8.87 a bushel
  • Wheat little changed at $4.91-1/2 a bushel

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]

  • Ivory Coast rallies for & against Quattara 3rd term bid
  • Egypt counts votes of senate polls
  • South Africa mining production Jun-20 [fcst. -31.7% yy prev. -29.8%]
  • UK hosts Nigeria technical conference on right of way webinar
  • 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

  • US military accuses Iran forces of boarding Liberia-flagged civilian ship
  • Sudan boosts security in port city after 32 die in tribal clashes
  • Killing of Cameroon woman by alleged separatists sparks outcry
  • Congo to meet miners to debate copper concentrate export waivers
  • Africa e-commerce group Jumia takes lockdown revenue hit
  • Cameroon cancels logging plan that threatened rare apes
  • Kenya elephant numbers more than double in 1980-2018 – tourism minister
  • Mauritius says almost all oil removed from damaged Japan ship
  • South Africa rand extends gains, stocks rally for 2nd day
  • Mauritius tourism, reeling from Covid, now hit by oil spill
  • Mali police use tear gas, water cannon to disperse protesters
  • South Africa mines minister drops challenge to court ruling on black ownership threshold
  • Nigeria convicts first pirates under new maritime law
  • South Africa’s Northam Platinum sees higher annual profit

N.B. Full stories of above headlines are available on Reuters

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.