By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asia stocks fall, oil stymied as growth worries grip global markets
- MSCI Asia-Pacific index down 0.6 pct, Nikkei loses 0.7 pct
- Oil bounces modestly after big slide, but market still shaky
Oil Markets
- Oil recovers some losses after 6 pct plunge, but market on edge
- Global economy going through ‘very difficult time’ – IEA
- Fearing a glut, OPEC pushes for supply cuts
- Brent curve has moved into contango
- Oil price slump led by US crude
- Brent crude futures up 1.1 pct at $63.19 per barrel (0239GMT)
- US WTI crude futures up 1.2 pct at $54.09 per barrel
Grains
- Soybeans edge higher; US-China trade war looms over gains
- Most active CBOT soybean futures up 0.1 pct at $8.81-3/4 per bushel (0213GMT)
- Most active corn futures up 0.1 pct at $3.61-1/2 a bushel
- Most active wheat futures little changed at $5.08-3/4 per bushel
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- South Africa’s state capture inquiry continues; Gordhan to conclude testimony
- Nigeria inflation data for October due [fcst. 11.5% yy, prev. 11.3%]
- South Africa inflation data for October due [fcst. 5.0% yy, prev. 4.9%]
- South Africa central bank MPC meeting starts today; decision on 23 Nov
- Nigeria central bank MPC meeting starts today; decision on 22 Nov
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Libyan coast guards force stranded migrants off container ship
- South African retailer Pepkor expects FY profits to fall, shares dive
- Soccer-South Africa’s Tau rescues draw against Paraguay
- UN praises Chad and Uganda for integrating refugee pupils
- Migrants losing $25 bln per year through remittance fees – UN
- Kenya MPs debate giving women a third of parliament seats
- New Kenyan coastguard to stop foreigners stealing ‘our fish’
- South African hotel company Tsogo Sun posts flat half-year earnings
- Russian oil firm signs initial exploration deal with South Sudan – minister
- Central African Republic war crimes suspect to appear in court Friday
- South Sudan says signed initial oil exploration agreement with Gazprom Neft
- Africa Crude – Grades steady, Nigerian programmes awaited
- Egypt celebrates antiquities musuem before new institution takes the limelight
- US military says strikes killed over 30 suspected militants in Somalia
- Egypt says cheap new drug ‘Strox’ threatens its youth
- Tanzania exchange bureaus raided on suspicion of money laundering
- Powerful Ethiopian party accuses govt of ethnic crackdown
- Price hikes could helpo credit rating of South Africa’s Eskom
- Khashoggi killing complicates Saudi rescue bid for South African arms firm
- Africa-focused energy producer NewAge to sell Congo field – sources
- Uganda to make new telecoms investors share infrastructure
- Uganda shilling unchanged amid flat importer appetite
- Egypt’s budget deficit in Q1 FY 2018-19 down to 1.9 pct – finmin
- Kenyan shilling firms against the dollar
N.B. Full stories of above headlines are available on Reuters
