By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica
Global Markets
- Asia stocks, oil buckle on uncertain US recovery
- Equities weak across Asia in wake of Fed minutes
- China tensions, coronavirus weigh on some markets
- Oil falls, gold rises as sentiment weakens
- Brent down 0.8% at $45.03, gold up 0.5% at $1,939.28/oz.
Oil Markets
- Oil eases on demand risks, US stockpile data
- Brent down 0.6% at $45.09 a barrel (0049GMT)
- WTI down 0.7% at $42.62
Precious metals
- Gold rebounds as recovery fears resurface post Fed minutes
- Spot gold up 0.9% at $1,946.09/oz. (0307GMT)
- US gold futures down 0.9% at $1,952.90/oz.
Grains
- Soybeans ease from 7-mth high, US dryness limits decline
- Soybean futures down 0.1% at $9.13-1/2 a bushel (0307GMT)
- Corn down 0.2% at $3.39-1/4 a bushel
- Wheat down 0.2% at $5.21 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
- ECOWAS heads of state & govt meet virtually on Mali
- Bank of Botswana decides interest rates [fcst. 4.25%, prev. 4.25%]
- Nigeria finance minister Ahmed et al. appear before Senate committee on 2012-23 MTEF
- Ghana presidential frontrunners Akufo-Addo & Mahama tour regions
- South Africa state capture inquiry continues
- Kenya’s Kenyatta cabinet reshuffle back in focus
- 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
- Mali protest leader steps back as coup leaders promise election
- Ivory Coast finance ministry suspends financial ties with Mali
- South Sudan central bank says foreign exchange reserves have run out
- Supporters of Egypt’s Sisi set to dominate newly created Senate
- After meeting Mali mutineers, protest leader Dicko to step back from politics
- OPEC+ presses for compliance with oil cuts
- At least 45 African migrants die off Libya in worst shipwreck of 2020 – UN
- UN Security Council condemns mutiny in Mali, urges soldiers to return to barracks
- France demands immediate release of Mali’s ousted president
- Equatorial Guinea reappoints Prime Minister Asue after govt resignation
- Mauritius to scuttle oil-spill tanker, Japanese owner apologises
- Zambia vice president tests positive for Covid-19
- South Sudan central bank says it has run out of FX reserves
- Mali’s gold miners carry on digging despite coup, shares hit
- Nespresso launches coffee range sourced from eastern Congo
- Egypt says from Sept all those entering country must show virus test results
- South African fraudster tricks credit bureau Experian into handing over data
- Egypt electoral list dominated by Sisi supporters wins Senate election
- EU wheat consolidates as traders weigh Algeria purchase
- South Africa’s Eskom extends power cuts into Thursday
- AU suspends Mali’s membership after coup
- Russia’s Novak calls for strict OPEC+ deal compliance
- EU says Mali coup crisis could destabilize whole region
- South Africa investigates Covid-linked corruption of $290 mln
- Sierra Leone court freezes Steinmetz’s Octea assets
- Stored crude, condensate could be shipped from shuttered Libya ports
- Sudan fires foreign ministry spokesman following Israel remarks
- West Africa’s G5 Sahel force calls for release of Mali president
- South Africa’s Denel made $99 mln annual loss, ministry says
- Mining companies in Mali say gold production continues despite crisis
- Kenya woman’s ordeal highlights newly identified sex trafficking route
- South Africa game reserve turns to meat sales to survive pandemic
- China, on Mali president resignation, says opposes regime change by force
- South Africa’s Truworths flags full-year profit decline, impairs Office
- Mali soldiers promise civilian transition after president’s ouster
- Saudi King Salman, Nigeria president discuss oil market – SPA
N.B. Full stories of above headlines are available on Reuters