#Africa #Markets | 6 Dec

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • US stock futures slip, Asia follows after Canada arrests Huawei CFO
  • US stock futures down 1.3 pct, Nikkei falls 1.8 pct
  • Arrest of Huawei CFO seen heightening US-China tension
  • Adds to investor worries over trade outlook, global growth

Oil Markets

  • Oil prices ease in cautious trading ahead of OPEC meeting
  • Brent crude oil futures down 0.3 pct at $61.39 per barrel (0109GMT)
  • US WTI crude futures down 0.6 pct at $52.57

Grains

  • Soybeans drop on lack of Chinese buying, wheat down for 2nd day
  • Most active CBOT wheat futures down 0.1 pct at $5.17-1/4 per bushel (0116GMT)
  • Most active corn futures unchanged at $3.84-1/4 per bushel
  • Most active soy futures down 0.3 pct at $9.10-3/4 per bushel
  • Most active rice futures up 0.8 pct at $10.91 per hundredweight

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

  • South Africa current account balance data for Q3 due [fcst. -3.4% of GDP, prev. -3.3%]

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

  • Moscow asks Italy to drop charges against Russian in Nigeria graft case
  • Emerging market monthly inflows jump to highest since Jan – IIF
  • Egyptian court hands Muslim Brotherhood leaders life sentences – sources
  • Airport flooded in Libya’s Benghazi after heavy rain
  • Africa Crude – Buyers deterred by weak Asian refining margins, high freight rates
  • French court approves extradition of brother of ex-Burkina Faso president
  • Nigerian bank FCMB has received $3 mln after sale of 9mobile
  • South Africa’s Eskom wants state to take on almost quarter of its debt
  • Sierra Leone doctors strike over conditions, nurses may follow
  • South African insurer Sanlam’s shares fall on weak earnings
  • Congo mining revenue jump 147 pct in first 9 months of 2018
  • All Libyan oil export terminals closed due to bad weather – NDC
  • Ethiopia aims blast economy forward with satellite launch
  • Uganda central bank holds main lending rate at 10 pct
  • Kenyan shilling firm on diaspora remittances, horticulture exports
  • Zimbabwe to allow two new mining companies to mine diamonds
  • Kenyan central bank sets next rate-setting meeting for Jan. 28
  • Libyans protest against US air strike in southern Libya

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

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