#Africa #Markets | 27 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global markets

  • Asia stocks slip as China, South Korea weakness weigh
  • Euro hits 2-month high

Oil markets

  • U.S. rig count rises in November
  • Soaring U.S. oil production caps crude markets
  • Expected extension of OPEC cuts supports Brent

Key African events or data releases today

  • Ghana’s central bank to announce interest rate decision [Forecast is for the policy rate to be unchanged at 21%] #Ghana #MPC

Key African events or data releases over the weekend

  • Namibia’s president Geingob elected leader of ruling SWAPO party (27 Nov)
  • Egypt attack to spur on Saudi-backed Muslim military alliance – crown prince
  • Mnangagwa vows to rebuild Zimbabwe and serve all citizens
  • Zimbabwe’s Mugabe “glowed” with relief after he quit – priest
  • Zimbabwe’s Mugabe cried when he agreed to step down – report
  • Nigerian army repels Boko Haram attack on town – spokesman
  • Liberia’s Liberty Party to appeal election fraud case to Supreme Court
  • Suspected Boko Haram militants take over northeast Nigerian town – residents
  • Ousted Zimbabwe finance minister Chombo faces corruption charges
  • Ivory Coast president: send Libyan slave traders to the ICC
  • Gunmen in Egypt mosque attack carried Islamic State flag, prosecutor says
  • S&P downgrades South Africa’s local currency debt to “junk” status on weakening economic, fiscal trajectory
  • Moody’s places South Africa’s BAA3 ratings on review for downgrade
  • South Africa to outline “decisive” policy in 2018 after debt ratings cut, will address root causes of revenue gap of 50 bln rand
  • S&P says Burkina Faso ‘B/B’ ratings affirmed; outlook stable
  • Ghana’s 91-day bill yield rises to 13.33 pct
  • Ugandan shilling supported by flows from charities, diaspora workers
  • Kenya’s small firms keep economy resilient despite political storm, central bank says
  • Mauritius 91-day treasury bill yield rises to 1.99 pct
  • Tunisia to lift bread prices for first time since revolution, sell Eurobonds
  • South Africa’s 3-month T-bill average yield rise to 7.7 percent
  • IMF credit to Chad delayed over Glencore oil debt
  • Mauritius expects 4.8 pct rise in tourism earnings in 2018

Full story of above headlines are available on Reuters

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