macroafricaintel Daily Brief | 14 Aug

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

Global Markets

  • Asia stocks falter after China data disappointment
  • China data misses expectations
  • Treasury yields remain high after 30-yr auction
  • Spot gold steady at $1,952.41/oz.
  • Brent up 0.2% at $45.04, WTI up 0.1% at $42.30

Oil Markets

  • Oil prices rise, head for weekly gain amid cautious hopes for fuel demand recovery
  • Brent up 0.3% at $45.10 a barrel (0043GMT)
  • WTI up 0.3% at $42.36

Precious metals

  • Gold prices set for biggest weekly decline since early March
  • Spot gold down 0.1% at $1,952.01/oz. (0356GMT)
  • US gold futures down 0.5% at $1,960.50/oz.


  • Corn set for 5% weekly gain as storm damage offsets crop outlook
  • Corn futures up more than 5% for the week
  • Soybeans up 3.5% for the week
  • Wheat flat for the week

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

  • Nigeria releases Q2-20 labour statistics
  • Kenya’s Kenyatta opens rehabilitated Nairobi’s Michuki park
  • South Africa state capture inquiry continues
  • Uganda veteran presidential contender Besigye to announce decision to run or not
  • 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

  • Cautious hopes for slum dwellers relocated in Egypt housing project
  • Senior Muslim Brotherhood figure dies in prison in Egypt
  • ‘Massive poisonous shock’: Scientists fear lasting impact from Mauritius oil spill
  • Egypt’s Sisi welcomes UAE-Israel deal, halt to annexation of Palestine lands
  • AstraZeneca set to start making 400 million Covid-19 vaccines for Latam early in 2021
  • Nigeria says reversing US visa ban will take ‘enormous resources’
  • WHO downplays danger of coronavirus entering food chain
  • Two Kenya police officers charged with murder after Garissa shooting
  • Ivory Coast police disperse protests against president’s third term bid
  • 7 Africa countries to start testing for Covid-19 antibodies
  • NOC warns of deepening power cuts in eastern Libya
  • Mass arrests in Ethiopia raise spectre of repressive past
  • Kenya’s KCB Group sees quarter of its loans restructured by year-end – CEO
  • Nigeria lawyers fight back against police brutality, graft

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

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