#Africa #Markets | 3 Dec

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Trump & Xi agree on 90-day truce to negotiate
  • Relief for risk appetite and emerging markets
  • Aussie dollar jumps, yuan gains on dollar
  • Focus on testimony from Fed’s Powell later in week

Oil Markets

  • Oil prices rise after US, China agree to hold off on new tariffs
  • Brent crude oil futures up 2.2 pct at $60.77 a barrel (2307GMT, 2 Dec)
  • US WTI crude oil futures up 2.7 pct at $52.37 per barrel

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

  • UN climate change conference in Poland; Nigeria’s Buhari attending
  • South Africa Q3 GDP data, Namibia & Botswana MPC decisions during the week
  • South Africa’s state capture inquiry to continue
  • Nigeria’s leading opposition presidential candidate Abubakar to flag off campaign

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

  • Saudi crown prince arrives in Algeria
  • Soccer – Raja Casablanca win African Confederation Cup
  • Nigeria’s Buhari denies dying and being replaced by lookalike
  • Beyonce leads all-star line-up at Mandela tribute concert
  • Emphasis on urgency as climate talks begin in coal city Katowice
  • Germany seeks private funds for climate projects in Africa, elsewhere – newspaper
  • UN condemns spate of “brutal” sexual attacks in South Sudan
  • Four Libyan oil export ports reopen after closures for bad weather
  • Saudi crown prince arrives Mauritania
  • US military says strike kills nine militants in Somalia
  • Egyptian film star charged with ‘inciting immorality’ for wearing see-through dress
  • Iluka resumes operations at Sierra Leone rutile mine as strike ends
  • Employees of Indian firm held by Ethiopian staff say fears for safety
  • IMF agrees new loan programme for Sierra Leone
  • Short of time, Somalia delays landmark regional vote as tensions rise
  • Egyptian tax change could spur banks to step up private lending
  • Rwanda’s economy to grow 7.2 pct this year – IMF
  • Madagascar president concedes defeat in polls – statement
  • Saudi crown prince meets South African president on sidelines of G20
  • Egypt to stop discounted customs exchange rate for some imports
  • Soccer – Cameroon stripped of right to host 2019 African Nations Cup
  • Oil workers’ discontent a risk for Libyan output surge
  • Orange says Niger orders offices shut over tax dispute
  • Italian foreign minister summons Egyptian ambassador over Regeni murder
  • Kenyan charity holds pageant to affirm dignity of people with albinism
  • Nigeria’s Diamond Bank sees no need to refinance $200 mln eurobond at maturity
  • Congo minister says threat against US facilities is serious
  • Africa Crude – Spot limited as Chinese interest stalls
  • Losses at Naspers’ e-commerce unit narrow but Tencent still dominates
  • Unknown gunmen rape 125 women in South Sudan – aid agency
  • US strike kills 11 suspected Qaeda militants in Libya – Africom
  • Campaigners in Kenya challenge Marie Stopes abortion ban in court
  • Egyptian women race in Cairo to campaign for end to violence
  • WHO says spread of polio remains international health emergency
  • South Africa’s main iron ore export rail link closed until Dec. 9
  • South Africa’s Naspers H1 profit jumps 39 pct
  • South Africa’s trade deficit widens to 5.55 bln rand in October
  • South Africa’s High Court rejects white farmers’ challenge to land expropriation plans
  • South Africa’s Zuma wants arms deal corruption charges set aside
  • Oil workers’ discontent threatens Libyan output surge
  • Kenya’s inflation edges up to 5.58 pct in November
  • Nigeria central bank to boost FX sale after naira eases on black market
  • Transnet shuts main iron ore export rail link after accident
  • South Africa’s Zuma wants arms deal corruption charges set aside
  • Rwanda’s Bank of Kigali to set aside $40 mln for lending to firms
  • More firms show interest in South Africa’s Clover
  • Kenyan shilling gains ground, horticulture inflows help
  • South African Eskom implements power cuts for second day
  • Kenya’s Nairobi Business Ventures to list 15 mln additional shares
  • Kenya’s HF Group warns of lower FY profit, posts 9-mth loss
  • Enough poor children: Africans call for diversity in aid campaigns
  • Rising number of ‘skeletal’ children as CAR violence surges

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

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