By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica
Global Markets
- Asian markets dip as virus & Sino-US tensions flare
- Dollar firm & stocks under pressure
- Asia ex-Japan index down 1%, Nikkei off month high
Oil Markets
- Oil prices drop on demand recovery fears amid US virus surge
- Brent down 1.8% at $41.95 a barrel (0138GMT)
- WTI down 2.1% at $39.26
Precious metals
- Gold eases on firmer dollar, virus fears cap losses
- Spot gold down 0.2% at $1,798.52/oz. (0042GMT)
- US gold futures down 0.7% at $1,802.20/oz.
Grains
- Corn eases, but USDA crop report caps losses
- Corn futures down 0.1% at $3.36-1/4 a bushel (0127GMT)
- Soybeans unchanged at $8.75-1/4 a bushel
- Wheat little changed at $5.24-1/2 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
- OPEC JMMC meets; 14-15 Jul
- AfDB launches 2020 North Africa economic outlook report
- South Africa releases May-20 mining production data
- 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
- Nigeria in court battle to overturn $10 bln arbitration award
- G7 ministers urge full implementation of G20 debt freeze – US treasury
- UN peacekeeper killed in CAR attack
- Tunisia PM will reshuffle cabinet amid row with moderate Islamist Ennahda
- Sudan declares emergency in Darfur region after violence
- Morocco plans $624 mln aid package for RAM airlines
- Protesters injured in Mali demonstrations as UN calls for calm
- South Africa to introduce universal income grant – minister
- Nigeria will boost its compliance with OPEC+ cuts – SPA
- Algeria aims to save $20 bln through reforms, lower import spending
- Zimbabwe sacks hospital bosses after firing of health minister
- Ebola spreading in western Congo with nearly 50 confirmed cases – WHO
- South Africa retail group TFG to buy Jet assets from Edcon
- Better African heatwave data could save lives, shield economies, report says
- After losing jobs, many Sudanese struggle to make ends meet in Egypt
- Ivory Coast cocoa farmers bullish about growing conditions ahead of main crop
- Grassroots help for homeless, drug addicts thrives in lockdown South Africa
- Madagascar’s president says two lawmakers have died from covid-19
- Head of Somalia’s military unhurt, civilian killed in suicide car bomb on convoy
- DR Congo police fire tear gas to disperse protests over election chief
- UAE wants to see a return of Libya’s oil production with safeguards – minister
- Ivory Coast vice president quits, days after PM’s death
- South Africa – Zindzi Mandela, daughter of Nelson Mandela, dies
- Ceasefire in Libya now would not benefit GNA, Turkey says
- Mali govt criticised by UN, EU for lethal response to protests
- Uganda cracks down on media ahead of elections in 2021, watchdog says
N.B. Full stories of above headlines are available on Reuters