#Africa #Markets | 27 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia mood soured by Trump tariff threat, oil slips anew
  • Trump says he expects to move ahead on China tariffs
  • Asia shares ex-Japan and S&P 500 futures slip
  • Aussie dollar, Apple shares also dip in wake of Trump warning
  • Oil eases again, promises to drag on inflation and Fed policy

Oil Markets

  • Oil markets cautious after recent battering, eye G20 and OPEC meetings
  • Brent crude oil futures up 2 cents at $60.50 per barrel (0416GMT)
  • US WTI crude futures down 15 cents at $51.48 per barrel

Precious metals

  • Gold edges lower as dollar holds steady
  • Spot gold down 0.1 pct at $1,220.81 per ounce (0126GMT)
  • US gold futures flat at $1,222.2 per ounce

Grains

  • Soybeans extend falls on concerns over US exports
  • Most active CBOT wheat futures down 0.1 pct at $5.13-3/4 per bushel (0128GMT)
  • Most active corn futures up 0.1 pct at $3.56-1/4 per bushel
  • Most active soy futures down 0.3 pct at $8.60 per bushel
  • Most active rice futures unchanged at $10.75 per hundredweight

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

  • Ethiopia’s Abiy Ahmed to meet opposition leaders today
  • Kenya MPs to vote on controversial perks today
  • 9th West African Monetary Zone ministers’ forum in Abuja today; 27-30 Nov
  • Blue economy conference continues in Mombasa, Kenya; 26-28 Nov
  • Africa-China Business Forum convenes today in Addis, Ethiopia
  • South Africa business confidence data for Q3 due [prev. 22]
  • South Africa state capture inquiry today to feature ANC bigwig Gwede Mantashe
  • Kenya central bank to announce interest rate decision [fcst. 9.0%, prev. 9.0%]

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

  • US extends Congo embassy closure amid militant threat
  • Saudi crown prince arrives in Egypt on third leg of Arab tour
  • South African minister unhappy with Gold Fields after job talks
  • African fishing communities face ‘extinction’ as blue economy grows – experts
  • On solo Zambia trip, Prince Harry offers help to boost elephant numbers
  • Zimbabwe opposition leader: “my hands are clean” in post-vote violence
  • Rio Tinto sells stake in Namibia uranium mine to China for $107 mln
  • Tunisian activists protest Saudi crown prince visit
  • Opposition say Uganda police use teargas, live rounds to disperse meeting
  • Africa Crude – Buyers wait for big Nigerian programmes as surplus persists
  • South Africa’s Aspen lauches three-in-one HIV drug
  • Charities say Malawi plans to gag critics with ‘draconian’ law
  • Zimbabwe sees no radical change for platinum, diamond ownership
  • Kenya charges three Chinese railway workers with bribery
  • Egypt’s Delta Sugar raises beet planting area this year
  • Ghana central bank keeps policy rate at 17 pct
  • South Africa’s Gordhan files defamation complaint against left-wing party leaders
  • Comoros lawmakers defeat move giving president full powers before elections
  • South Africa’s Ramaphosa signs minimum wage bill into law
  • Kenya’s Maasai zone grazing land to keep off property developers
  • Militants kill cleric and 14 others in Somalia in car bomb and gun attack
  • South African bourse fines Pepkor for breaching listing requirements
  • Uganda boat accident death toll rises to 33 – police
  • Egypt’s EFG Hermes considers move into insurance and mortgage sectors – CEO
  • Kenya shilling steady; inflows into govt debt meet dollar demand
  • New Barrick CEO eyes miners’ alliance to fix Tanzania tax row
  • Kenya’s Centum H1 pretax profit soars on higher investments
  • Drought-threatened Zimbabwe faces a quandary: Grow maize or not?
  • Airtel Africa appoints global banks for IPO

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

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