#Africa #Markets | 16 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia shares absorb Nvidia blow, sterling licks its wounds
  • Nasdaq futures fall as Nvidia shares dive 17 pct on poor results
  • Nikkei subdued, Asia shares ex-Japan edge up
  • Pound shaky after hammering on UK political chaos
  • Oil tries to find footing after recent collapse

Oil Markets

  • Oil rises on expected OPEC cuts, but surging US supply drags
  • Brent crude oil futures up 0.7 pct at $67.10 per barrel (0353GMT)
  • US WTI crude futures up 0.7 pct at $56.84 per barrel

Precious metals

  • Gold prices edge higher amid Brexit turmoil
  • Spot gold up 0.2 pct at $1,214.77 per ounce (0121GMT)
  • US gold futures up 0.1 pct at $1,215.6 per ounce

Grains

  • US soybean prices steady amid hopes for US-China trade talks
  • Most active CBOT soybean futures nearly flat at $8.88-1/4 per bushel (0140GMT)
  • Wheat up 0.3 pct at $5.06-3/4 per bushel
  • Corn futures flat at $3.67-1/4 per bushel

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

  • AU heads of state meet in Addis tomorrow

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

  • Pentagon to cut troops in Africa to focus on shifts to China, Russia
  • Seven peacekeepers killed in clashes near eboal-hit part of east Congo
  • Ethiopia arrests ex deputy intelligence chief in corruption, rights crackdown
  • Egypt keeps interest rates on hold, says inflation contained
  • Freeze aid to Tanzania over rights violations, campaigners say
  • South Africa should avoid uncertainty in land reform – World Bank executive
  • EU: Tanzanian govt pressure on its envoy forced his recall to Brussels – statement
  • Africa Crude – Traders wait for Jan programmes, Nigerian clears
  • Four Malawian UN peacekeepers killed in Congo – Malawi Defence Force
  • Morocco inaugurates Africa’s fastest train
  • Tanzanian cashew price hike could lead to global shortage, traders say
  • Tens of thousands die in Africa each year due to fake drugs
  • GE hands leadership of Nigerian rail concession to Transnet
  • Financier of Islamic State paid money to rebel group in eastern Congo – report
  • Russia’s Alrosa sells stake in Botswana diamond joint venture
  • Global cobalt glut won’t be stemmed by Glencore Congo output stoppage
  • Trump to nominate handbag designer as new South African ambassador
  • Glencore’s Katanga warns of earnings hit if Congo row not resolved
  • Zimbabwe’s Chamisa says he’ll testify to inquiry only if president does
  • Ghana budget deficit seen easing to 4.2 pct in 2019 from 4.5 pct 2018 target
  • Kenya’s shilling to weaken, Zambia kwacha to firm; in week ahead
  • Gabon VP takes over cabinet amid President Bongo’s illness
  • South African parliament team calls for law change over land reform
  • Uganda shilling weakens as uptick in importer demand weighs
  • MTN Rwanda close to finalising 50 bln franc syndicated loan
  • South Africa’s former home affairs minister resigns from parliament
  • Egypt targets narrower budget deficit of 7 pct in 2019/20 – ministry document
  • Danakali, other miners says Eritrea sanctions lifting a boost
  • Satellite company SAS Global joins rush to boost Africa connectivity
  • Egypt unemployment rate falls to 10 pct in Q3 – CAPMAS
  • Ethiopia arrests security head at state-owned Ethio Telecom – broadcaster
  • Kenyan shilling weakens on importer demand, nears 10-mth low
  • Angola battles to revive oil exploration as output declines
  • Tullow Oil expects full-year cash at $700 mln, debt down to $2.8 bln
  • South Africa’s Sappi reports 4 pct fall in annual profit
  • South Africa’s Investec reports H1 operating profit up 14.2 pct
  • South Africa’s Woolworths posts 2.7 pct rise in 20-week sales
  • Angola battles to revive oil exploration as output declines
  • Ethiopia’s former deputy intelligence chief arrested – attorney general
  • Nigeria Senate committee says NNPC amount probed has doubled to $2.2 bln

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

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