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
Grains
- 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
