#Africa #Markets | 6 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares inch up, investors brace for US elections
  • Asia shares rebound after Monday’s fall
  • Wall Street shares mostly gain, Apple drags down techs
  • Investors expect a split Congress, Democrats to take over House
  • US oil prices near 7-mth low

Oil Markets

  • Oil dips on worries an economic slowdown could cut fuel demand
  • US sanctions against Iran’s fuel exports started Monday
  • Washington grants temporary waivers to Iran’s top buyers
  • Global oil supply is rising amid concerns of economic slowdown
  • Brent yet to trade at 0021GMT, Brent liquidity expected low due to Singapore holiday
  • US WTI crude futures down 0.3 pct at $62.93 (0021GMT)

Grains

  • Soybeans edge higher after China supports US trade talks
  • Most active CBOT soybean futures up 0.1 pct at $8.87 a bushel (0203GMT)
  • Most active corn futures down 0.1 pct at $3.73-1/2 a bushel
  • Most active wheat futures down 0.2 pct at $5.06-1/4 a bushel

Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]

  • Prince Charles of Wales & wife, Camilla due in Nigeria today

Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]

  • Nigerian unions, govt agree minimum wage to avert strike
  • France gets help to Gambia and Central Africa; pushes regional clout
  • Barrick chairman says miner eyes nimble future after Randgold deal
  • Yellow fever kills 10 in Ethiopia, WHO ships 1.45 mln vaccines
  • Egypt shelves Brazil visit as Bolsonaro’s Israel decision sours ties
  • Unemployment in Morocco drops slightly to 10 pct in Q3
  • Tunisia’s PM reshuffles cabinet to tackle economic crisis
  • Algeria’s Bouteflika frees five generals – source
  • Facebook’s Cameroon problem: stop online hate stoking conflict
  • Armed men in Cameroon kidnap 79 school children
  • Algeria’s Sonatrach awards LPG train contract to Italy’s Tecnimont
  • Africa Crude – Angolan diffs slide as high freight rates bite
  • Host South Sudan to include Darfur rebels in Sudan peace talks
  • Sisi hints Egyptian civil servants may not get wage increase this year
  • South Africa’s Solidarity union rejects salary cuts at Denel
  • Golar looks to Nigeria to expand power footprint
  • South African rand firms, stocks up as risk sentiment improves
  • Air Tanzania to receive two Airbus jets in revival push
  • Egypt’s Sisi says law curbing NGOs needs to be more “balanced”
  • Zimbabwe to announce winning bidders for mining assets in two weeks
  • Sluggish credit flow imperils Kenya’s economic growth – Equity Group
  • Nigeria’s NNPC says Shell, ExxonMobil also looking at crude swaps
  • Kenyan shilling steady amid inflows from exports, remittances
  • Uganda shilling weaker inches down against the dollar

N.B. Full stories of above headlines are available on Reuters

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