#Africa #Markets | 15 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia stocks lifted by China-US trade hopes; oil resumes retreat
  • MSCI Asia-Pacific index up 0.4 pct, Nikkei dips 0.25 pct
  • Pound, euro firm after PM May gains cabinet backing for Brexit

Oil Markets

  • Oil prices resume decline on oversupply worries
  • Brent crude futures down 0.3 pct at $65.90 per barrel (0254GMT)
  • US WTI crude futures down 0.5 pct at $55.95 per barrel

Precious metals

  • Gold prices hold steady as dollar eases
  • Spot gold little changed at $1,210.65 per ounce (0055GMT)
  • US gold futures flat 0.1 pct at $1,203 per ounce

Grains

  • US soybean prices extend gains on export sales, slow harvest
  • Most traded CBOT soybean futures up 0.5 pct at $8.82-3/4 per bushel (0123GMT)
  • Most active wheat futures up 0.2 pct at $5.03-3/4 per bushel
  • Most active corn futures up 0.3 pct at $3.67-1/2 per bushel

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

  • Ghana 2019 budget statement to be delivered today
  • Rwanda’s Kagame in Qatar on state visit
  • South Africa’s Ramaphosa on working visit to EU; 14-15 Nov

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

  • Ethiopia arrests former deputy intelligence chief
  • Nigeria Senate committee says NNPC amount probed was doubled to $2.2 bln
  • Nigeria raises $2.86 bln in eurobonds to fund deficit
  • Shipbound migrants in Libya port say would rather die than disembark
  • UN bemoans lack of funding for African anti-jihadist force
  • Vodacom Tanzania approves sale of 26 pct stake to South Africa’s Vodacom Group
  • Kenyan judge sentences two police officers to death for murder
  • Ugandan soldiers to guard Chinese businesses after rash of robberies
  • Emerging economies see debt rise $1 trln in Q2, face record redemptions – IIF
  • Sibanye seals wage deal with South African unions
  • UN Security Council removes Eritrea sanctions after years
  • Africa Crude – Nigerian surplus persists, IOC picks up spot cargoes
  • Algeria’s ruling FLN party head quits
  • South Africa’s Standard Bank to lay off more than 500 workers
  • Global cobalt glut won’t be stemmed by Glencore Congo output stoppage
  • India’s African oil imports hit 3-yr high in Oct – trade
  • South Africa retail sales rise points to economic recovery; up 0.7% yy in Sep
  • Land reform in South Africa will not violate constitution – Ramaphosa
  • South Africa’s land expropriation unnerves investors – World Bank executive
  • Ugandan shilling firms as importer and interbank demand ebbs
  • Libya could hold elections next spring – Italy’s foreign min
  • European businesses help lift South Africa’s SPAR FY earnings

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

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