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.
Grains
- 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