By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica
Global Markets
- Asian shares set to rise on broader US rally, dollar gains
- Wall Street climbs on defensive share gains
- ADP falls short of expecations
- Dollar edges away from 2-yr lows
- Brent down 2.5% at $44.43
Oil Markets
- Oil holds steady near multi-week lows on demand worries
- Brent down 0.2% at $44.36 a barrel (0115GMT)
- WTI up 0.1% at $41.54
Precious metals
- Gold steadies as dollar stalls, economic concerns persist
- Spot gold up 0.1% at $1,944.58/oz. (0059GMT)
- US gold futures up 0.3% at $1,950.60/oz.
Grains
- Soybeans gain for 9th straight session on China demand
- Soybean futures up 0.2% at $9.63-1/2 a bushel (0129GMT)
- Corn down 0.3% at $3.57-3/4 a bushel
- Wheat little changed at $5.57-3/4 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
- South Africa’s Mabuza answers questions in parliament
- Kenya transport CS Macharia answers questions on Covid-19 funds in parliament
- South Africa Standard Bank PMI Aug-20 [prev. 44.9]
- Nigeria Stanbic IBTC Bank PMI Aug-20 [prev. 50.4]
- Kenya, Ghana & other Africa Aug-20 PMIs due
- Nigeria raises prices of petroleum products
- 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
- South Africa power cuts worsen on cold weather, breakdowns
- South Africa ready to help insurgency-hit Mozambique, if asked
- Seven killed in suicide bomb attack in northern Cameroon village
- US to cut $100 mln in aid to Ethiopia over dam dispute
- Elderly Guinea president confirms 3rd term bid, vows to represent young people
- Nigeria’s gasoline price to hit record in naira terms in Sept – PPMC circular
- UN warns of Libya arms build-up and virus surge
- Uganda says it has rare gorilla ‘baby boom’ in park in country’s southwest
- Turkey backs Libya ceasefire but doubtful after Haftar’s rebuff
- Zimbabwe finds more elephant carcasses, death toll at 22
- Bad weather, Covid-19 leave over 2.6 mln Malawians short of food
- Switzerland froze $900 mln from Angola businessman – documents
- Zimbabwe protest organiser, journalist freed on bail, banned from posting on Twitter
- ‘Hotel Rwanda’ hero’s family calls for an international trial
- South Africa’s $30 bln Covid-19 relief package exposed to fraud – auditor general
- South Africa’s Eskom to ramp up power cuts
- Russia to propose OPEC+ react to oil demand recovery – Novak
- Ousted Mali president in hospital for checks, says source close to family
- Nigeria says can tap mineral wealth despite Covid, unrest
- South Africa’s Eskom says gross debt rose to $29.3 bln as of March
N.B. Full stories of above headlines are available on Reuters
