By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Stocks grind lower as markets await clues on trade talks
- Asian equities swing between gains and losses
- Treasury yields reverse course and fall in Asia
- Traders looking for more progress in US-China trade row
Oil Markets
- Oil slips on huge US crude build; hopes for US-China trade talks check losses
- Brent down 0.4% at $62.73 a barrel (0120GMT)
- WTI down 0.4% at $57.05
Precious metals
- Gold firms as markets await clarity on trade talks
- Spot gold up 0.2% at $1,486.53/oz (0121GMT)
- US gold futures up 0.3% at $1,488/oz
Grains
- Corn firms for first time in five sessions
- Corn futures up 0.3% at $3.83 a bushel (0013GMT)
- Soybean futures little changed at $9.34-1/2 a bushel
- Wheat futures up 0.3% at $5.16-3/4 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Ethiopia dam talks in Washington DC
- Africa oil week; 4-8 Nov
- Week-long celebrations in South Africa; after Rugby World Cup win
- South Africa Investment Conference; 5-7 Nov
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Tunisian TV channel owner arrested on corruption allegations
- Kenya vows to cut emissions as dirty stoves and fuels kill 21,500 a year
- Zimbabwe public workers to press ahead with pay protest
- African Oil – Angolan offers steady, fewer December cargoes remain
- Tunisian inflation slows to 6.5 percent
- South Africa’s rand flat as Moody’s relief wanes
- Angola forms consortium with 5 oil firms for $2 bln LNG project
- Nigerian police free 259 people from Islamic institution
- Moody’s lowers South African Eskom’s rating deeper into junk
- Kenya ditches cap on banks’ commercial lending rates
- Total aiming for 2 additional LNG trains in Mozambique LNG
- Kenyan president’s bid to remove lending rate cap passes parliament
- Goldman’s sub-Saharan Africa CEO Coleman to leave firm
- South Africa’s PetroSA eyes Russia for $359 mln farmout deal
- Moody’s lowers South African Eskom’s junk rating on restructuring doubts
- Total to drill another offshore well in South Africa early 2020
- Senegal announces launch of oil and gas licensing round
- Portfolio investors help support Kenyan shilling
- South African consumer confidence hits lowest since 2017
- Kenya private sector growth slows in Oct – Markit Stanbic Bank
- South Africa’s private sector contracts again in Oct – PMI
- South African fuel prices to drop in Nov
- Rwanda appoints new foreign minister, internal security minister
- Egypt non-oil private sector shrinks for third straight month in Oct – PMI
- Trump speaks with Egypt’s Sisi, backs talks on disputed Ethiopia dam
N.B. Full stories of above headlines are available on Reuters