By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares tick up but growth worries keep investors on edge
- Asian shares firm after Wall Street gains overnight
- Overall sentiment still fragile – ANZ analyst
- Oil rebounds after steep sell-off earlier this week
Oil Markets
- Oil prices pressured by rising US crude stocks, but expected OPEC supply cut supports
- Brent crude oil futures down 0.3 pct at $63.28 per barrel (0141GMT)
- US WTI crude futures down 0.5 pct at $53.38 per barrel
Grains (21 Nov)
- Soybean futures up on hopes of progress in US-China dispute
- Traders await Trump-Xi meeting at G20 summit
- Weak export demand weighs on wheat futures
- Corn is little changed before US Thanksgiving holiday
- Most active CBOT soybean contract ended up 2 cents at $8.83 a bushel
- Corn gained ½ cent to close at $3.61-3/4 per bushel
- Wheat slipped 1-3/4 cents to $5.06-3/4 per bushel
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- South Africa’s Ramaphosa to address NCOP today
- Nigeria central bank to decide interest rates [fcst. 14.0%, prev. 14.0%]
- South Africa central bank to decide interest rates [fcst. 6.5%, prev. 6.5%]
- South Africa’s state capture inquiry continues, former treasury DG Fuzile to continue testimony
- Election campaigns kick off in DRC today
- Mozambique president Filipe Nyusi in Kenya on state visit; 21-24 Nov
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Libyan gunmen free kidnapped Egyptians held over business dispute
- Congo confirms near record number of new ebola cases on Wednesday
- IMF says to help Mozambique conduct corruption analysis
- Lost live, lost billions: the cost of child marriage in Africa
- Africa Crude – Nigerian programmes slowly emerge, Qua Ibo down in Jan
- Tens of thousands ‘left to starve’ as Mali conflict escalates
- 40th Cairo Film Festival embraces virtual reality
- South African watchdog orders 6-mth hold on job cuts in Sibanye-Lonmin deal
- Gunmen kidnap Italian volunteer, wound children in Kenya
- South African utility Eskom’s new strategy to be finalised in February
- Russian oil firm signs initial exploration deal with South Sudan
- Violence-ridden Central African Republic on road to famine – UN
- Uganda to make new telecoms investors share infrastructure
- South African state pension fund CEO intends to resign – Treasury
- Gunmen hit Libyan el Sharara oilfield sub-station, output not affected – NOC
- Egypt stocks slides on blue-chip sell-off, most Gulf markets gains
- Stanbic sees June 2019 close for $2.5 bln debt deal for Uganda’s oil pipeline
- Ugandan shilling steady, expected to gain due to remittances and charity flows
- Zambia’s copper output up 10.4 pct y/y in September
- South African inflation meets forecasts as food prices fall
- Arianespace launches Morocco’s second earth observation satellite
- South Africa CPI rises to 5.1 pct y/y in October
- South Africa’s Lewis H1 earnings gain on upbeat sales growth
- Trump and land fears boost South Africa’s white right ‘state’
- South Africa’s Sasol flags up to 29 pct higher H1 profit
- South Africa’s Mr Price promotes corporate finance director to CFO
N.B. Full stories of above headlines are available on Reuters
