By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica
Global Markets
- Shares stabilise, try to shrug off US tech rout scare
- Ex-Japan Asia up 0.37%, Nikkei rises 0.4%
- S&P500 futures up 0.5%, Nasdaq futures down 0.1%
- US debt yields off lows
- Brent up 0.1% at $42.07
Oil Markets
- Oil mixed after dropping on demand concerns post-US holiday
- Brent up 0.1% at $42.07 a barrel (0221GMT)
- WTI down 1.6% at $39.13
Precious metals
- Gold subdued on strong dollar; ECB meeting in focus
- Spot gold down 0.2% at $1,925.68/oz. (0048GMT)
- US gold futures steady at $1,934.60/oz.
Grains
- Soybeans rise for 11th session on strong Chinese demand, wheat eases
- Renewed fears of rain & flooding in China
- Soybean futures up 0.7% at $9.74-3/4 a bushel (0212GMT)
- Wheat down 0.1% at $5.49-1/2 a bushel
- Corn up 1.4% at $3.63
Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
- South Africa GDP Q2-2020 [fcst. -20.0% qq saa, prev. -2.0% cons. -47.3%]
- Kenya Senate resumes plenary after 1-mth recess; revenue formula top on agenda
- Nigeria resident doctors go on strike
- AGRF virtual “Feed the Cities” summit in Kigali; 8-11 Sep
- South Africa SACCI business confidence Aug-20 [prev. 82.8]
- 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
- Egypt’s total recorded coronavirus cases hit 100,041 – Health ministry
- South Africa retailer Clicks’ stores face protests over ads seen as racist
- West Africa leaders say Mali junta must name a president by Sept. 15
- Libya oil units halt operations due to spread of virus
- Nigeria’s Buhari calls electricity price rise, petrol deregulation crucial decisions
- 3 Somalia special forces killed, US officer wounded in car bomb – Somali official
- Ivory Coast cocoa farmers say rainfall will boost main crop
- West Africa bloc chairman calls for Mali junta’s cooperation
- Ethiopia bars journalists from flying to Tigray regional vote – passengers
- Japan says it offered Mauritius “unprecedented” support, including financial
- South Africa consumer confidence improves in third quarter as lockdown eases
- As occupations gather pace, South Africa landowners fear for their property
N.B. Full stories of above headlines are available on Reuters
