By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica
Global Markets
- Stocks gain on brisk US manufacturing survey, stimulus hopes
- Ex-Japan Asian shares up 0.25%, Nikkei up 0.35%
- US ISM indicators show strong manufacturing expansion
- Mnuchin says will talk to Pelosi on stimulus
- Fed reiterates dovish message
- Brent up 0.8% at $45.95
Oil Markets
- Oil gains on US stock draw, economic recovery optimism
- Brent up 37 cents at $45.95 a barrel (0310GMT)
- WTI up 34 cents at $43.10
- US crude stocks fall more than expected – API
- 71 of 643 US Gulf of Mexico manned platforms remain evacuated
- OPEC August oil output rise for 2nd month – survey
- Power demand pushes UAE August oil above OPEC+ quota – sources
Precious metals
- Gold dips as solid US economic data lifts dollar
- Spot gold down 0.3% at $1,964.75/oz. (0251GMT)
- US gold futures down 0.4% at $1,971.80/oz.
Grains
- Wheat eases after rally, losses curbed by strong demand
- Wheat futures down 0.1% at $5.63-1/2 a bushel (0325GMT)
- Soybeans down 0.4% at $9.50-3/4 a bushel
- Corn up 0.1% at $3.58-1/4 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
- Nigeria releases Q2-20 trade statistics
- Nigeria’s speaker Gbajabiamala visits Ghana over attacks on citizens
- South Africa state capture inquiry continues
- Covid-19 updates by authorities across the continent
Key African events or data releases yesterday & early a.m today
- Tunisia parliament approves a technocratic govt
- Zimbabwe to reopen schools from Sept. 14 for students taking final exams
- Libya’s NOC chairman discusses oil blockage with Italy’s foreign minister
- France army says killed civilian by accident in Mali
- Zimbabwe licences dollar-denominated bourse to lure foreign investors
- ‘Hotel Rwanda’ hero’s family accuses govt of kidnapping him
- OPEC August oil output rises for 2nd month as cut eased – survey
- South Africa state firms seek coronavirus crisis bailouts
- Russia-Zimbabwe platinum JV to secure phase 1 funding by end of year
- Morocco’s trade deficit shrinks 18.2% y/y
- Sudan’s Bashir appears at trial over 1989 coup
- Zimbabwe suspects elephants died from bacterial infection
- Grounded by Covid, Nigeria diners get a taste of air travel
- Two Mauritius citizens killed in accident near site of Japan ship oil spill
- South Africa state firms seeking billions of rand in bailouts, govt says
- Blast hits Libya capital, residents say
- South Africa’s Old Mutual holds off on dividend after half-year loss
N.B. Full stories of above headlines are available on Reuters
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