#Africa #Markets | 30 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares wobble before Trump-Xi meeting
  • MSCI Asia ex-Japan up less than 0.1 pct, Nikkei up 0.4 pct
  • China factory growth flat for first time in 2+ years in November
  • Coca-Cola Amatil outlook drags on Aussie shares
  • Markets seen rangebound ahead of outcome of G20 talks

Oil Markets

  • Oil firms as OPEC output cuts loom, but rising US supply stems gains
  • OPEC, Russia expected to agree supply cuts next week
  • US crude stocks rise for 10th straight week – EIA
  • US output remains at record 11.7 mln bpd – EIA
  • Brent crude oil futures up 0.5 pct at $59.81 per barrel (0347GMT)
  • US WTI crude futures up 0.4 pct at $51.65 per barrel

Precious metals

  • Gold prices flat ahead of Trump-Xi meet at G20 summit
  • Spot gold flat at $1,223.77 per ounce (0126GMT)
  • US gold futures down 0.2 pct at $1,221.6 per ounce


  • Soybeans steady, set to finish November up 4 pct
  • Most active CBOT wheat futures up about 0.1 pct at $5.08 per bushel (0128GMT)
  • Most active corn futures up about 0.1 pct at $3.73-1/2 per bushel
  • Most active soy futures up about 0.1 pct at $8.87-3/4 per bushel
  • Most active rice futures unchanged at $10.92 per hundredweight

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

  • South Africa’s Ramaphosa in Argentina for G20 summit; Rwanda’s Kagame also
  • Kenya inflation data for Nov-18 expected [fcst. 6.1% yy, prev. 5.5%]
  • Uganda inflation data for Nov-18 expected [fcst. 3.2% yy, prev. 3.0%]

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

  • Kenya’s HF Group warns of lower FY profit on declining interest income
  • Enough poor children: Africans call for diversity in aid campaigns
  • Rising numbers of ‘skeletal’ children as CAR violence surges
  • Libya’s oil exports to China more than double in 2018 – NOC
  • Ebola outbreak in east Congo now world’s 2nd biggest
  • Tunisia says it broke up four militant cells, foiled attacks
  • Italy set to name Egyptian suspects over disappearance of student – sources
  • Emerging market CDS trading value rises in Q3 – EMTA
  • Egypt launches human rights committee, critics forecast no change
  • Congo plans to audit Glencore unit’s cobalt over uranium levels
  • Africa Crude – Flurry of buying for January Angolan cargoes, Nigeria languishes
  • UN audit finds graft and misconduct in its Uganda refugee program
  • Nigerian naira weakens on black market to weakest since Aug 2017 – traders
  • South Africa’s rand lifted by dovish Fed comments, stocks fall
  • BMW joins project to improve conditions for cobalt mining in Congo
  • Tullow Oil sees ownership for Kenya pipeline by Q3 2019
  • Nigeria naira eases 1 pct to 370/US$ on black market – traders
  • Tunisia allows first poultry imports from Ukraine
  • Zambia’s currency seen range-bound, Uganda’s to firm; in week ahead
  • Kenya officials, businesses profiteered from maize subsidies – Senate panel
  • South African arms company needs partners soon to survive, official says
  • Lonmin turns first profit in 4 years ahead of Sibanye takeover
  • Emerging cities could attract $29 trillion in climate cash
  • Carrefour signs deal with Jumia to offer online shopping in Kenya
  • Blockchain platform goes live for North Sea crude oil trading
  • MTN Rwanda signs deal for 50 bln franc loan for network upgrade
  • South Africa agrees to process some gas, oil exploration licenses – minister
  • Tullow Oil returns to dividends in 2019
  • South Africa to amend moratorium on gas, oil exploration licenses – minister
  • Kenya police help colleagues escape anti-graft officers with warning shots
  • South African credit demand growth slows to 5.82 pct in Oct
  • White South African group to challenge Ramaphosa land reforms in court
  • Uganda helped South Sudan breach EU arms embargo – monitoring group

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

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