By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asia shares near 3-week lows, sterling struggles on Brexit woes
- Pound near 20-mth trough on Brexit related uncertainty
- Disappointing economic data, Sino-US trade war weigh
- Chinese shares bounce on trade optimism, sentiment cautious
- Focus on Indian markets after RBI governor resigns
Oil Markets
- Oil prices rise on Libyan export interruption, but markets remain weak
- Libya’s National Oil Company declares force majeure
- But sentiment on prices remains weak amid stock market slump
- Speculators cut their long crude positions to 2016 lows
- Kuwait, Iran lower price for January oil supplies to Asia
- Brent crude oil futures up 0.3 pct at $60.19 per barrel (0336GMT)
- US WTI crude futures up 0.3 pct at $51.16 per barrel
Grains
- Soybeans extend losses to hit 5-day low
- Most active CBOT wheat futures down 0.6 pct at $5.22 per bushel (0119GMT)
- Most active corn futures down 0.3 pct at $3.83 per bushel
- Most active soy futures down 0.3 pct at $9.06-3/4 per bushel
- Most active rice futures unchanged at $10.67 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- South Africa mining production data for Oct 2018 due [fcst. -1.7% yy, prev. -1.8%]
- South Africa manufacturing production data for Oct 2018 expected [fcst. -0.1% yy, prev. 0.1%]
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Kenya struggles to give life to futuristic ‘Silicon Savannah’ city
- UK to invest 100 mln pounds in sub-Saharan Africa renewables fund
- Ex-head of Egypt’s Customs Authority faces graft charges – prosecution office
- Libya’s NOC won’t negotiate with group that closed Sharara oilfield – chairman
- Africa Crude – Unsold Angolan cargoes whittled down, Nigerian still struggling for buyers
- Egypt sells $1.1 bln in 1-yr t-bills – central bank
- Nobel Peace Prize laureate Mukwege worried Congo vote could lead to war
- UK’s Experian to buy Africa’s Compuscan
- Egypt’s urban inflation drops back within target range
- UN members adopt global migration pact rejected by US and others
- Sudan pound slides to widest over official rate since devaluation
- Ivory Coast aims to double gold output by 2025
- South Sudan health workers to get ebola shots as Congo outbreak grows
- Egypt’s core inflation decreases to 7.94 pct y/y in Nov – c.bank
- EU renews Congo sanctions ahead of presidential election
- South Africa’s MTN says still in talks with Nigerian authorities
- Congo’s Gecamines to boost stake in Boss Mining JV to 49 pct
- Kenyan pipeline, health insurance fund officials charged over graft
- South Africa needs to bail out Eskom, says former Eskom adviser Rothschild
- UN members adopt global migration pact – Moroccan foreign minister
- Nigeria’s economy grew 1.81 pct in Q3, driven by non-oil sector, stats office says
- KPMG South Africa appeals for second chance after corruption scandals
- Kenya’s Consolidated Bank says seeking investor to inject 3.5 bln shillings
- Heavy rains to slash Nigeria’s 2017/18 cocoa output by 10 pct
N.B. Full stories of above headlines are available on Reuters
