By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asia stocks stymied by trade talk frustration
- Nikkei idles near 13-mth high, most markets flat
- Reuters reports phase 1 trade deal delayed to Dec
- Bonds bounce, dollar cedes some gains to yen
Oil Markets
- Oil unchanged after overnight losses amid caution over trade talks
- Brent flat at $61.74 a barrel (0158GMT)
- WTI down 3 cents at $56.32
Precious metals
- Gold little changed as investors seek clarity on trade negotiations
- Spot gold up 0.1% at $1,490.89/oz. (0107GMT)
- US gold futues down 0.1% at $1,491.70/oz.
Grains
- Soybeans hover near 1-wk low as trade deal delay weighs
- Soybean futures trading at $9.27-3/4 per bushel (0017GMT)
- Corn futures up 0.1% at $3.79 a bushel
- Wheat futures little changed at $5.17-1/4 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Mauritius general election
- Kenya’s Kibra constituency by-election
- South Africa manufacturing production Sep-19 [fcst. 0.1% yy, prev. -1.8%]
- South Africa SACCI business confidence Oct-19 [fcst. 92.5, prev. 92.4]
- South Africa FX reserves Oct-19 [prev. $54.9B]
- Nigeria diaspora investment summit; 6-7 Nov
- UNDP high-level dialogue in Accra
- Africa oil week; 4-8 Nov
- Week-long celebrations in South Africa; after Rugby World Cup win
- South Africa state capture inquiry continues
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Egypt, Ethiopia, Sudan to try to resolve dam dispute by Jan. 15 – Treasury
- At least 37 killed in attack on Canadian miner Semafo convoy in Burkina Faso
- Water crisis builds in Egypt as dam talks falter, temperatures rise
- Trump says talks with Egypt, Ethiopia, Sudan on dam dispute went well
- ‘Wave of hope’ to end FGM in Ethiopia as activist pioneer dies
- Ride-hailing market revs up in Egypt
- South Africa’s Ramaphosa cheers $24 bln more for investment drive
- Algeria aims to cut imports, balance of payment deficit in 2020
- Hacked Moroccan lawyer urges action against cyber spies
- Ghana to change laws on licences to spur oil production
- Militia in Congo kills 10 civilians in village raid
- Heavy rains, flooding displace hundred of thousands in East Africa
- Africa Oil – Cargoes clear, IOC tender result awaited
- Rugby – ‘Beast’ Mtawarira retires after beauty of a World Cup win for South Africa
- South African rand inches lower while stocks reach 2 mth highs
- Kenyan lenders target small and medium businesses with digital loans
- Total seeks to sell stake in major Nigerian offshore block
- Angola bid round for 10 fields in Namibe, Benguela basins closes next week
- Egypt to auction 1-yr euro t-bills on Nov. 11 – central bank
- Equatorial Guinea to award 7-8 blocks in Nov, press for more drilling
- Uganda aims for Q1 investment decision on oil pipeline – minister
- Nearly half of Kenyans surveyed by police watchdog report abuses by officers
- Zimbabwe police stop public workers from marching for better pay
- Ivory Coast petroleum ministry announces tenders for 5 offshore blocks
- Ghana to revoke 4 petroleum licences for lack of development – deputy minister
- Uganda revamps century-old rail network after China delays funding
- DR Congo hydrocarbons minister says change of power in country encouraging investment
- Uganda energy minister invites bidding on 5 oil blocks
- South Africa’s Ramaphosa bets $13.5 bln of investment pledges at summit
- Ghana deputy energy minister says laws must change for more offshore exploration
- Mozambique to appeal South African ruling to set aside extradition of ex-finmin
- Tullow CEO says too early for new investment date on Uganda oil project
- Some Nigerians blame govt, not religious leaders, for shocking school abuses
- Kenyan shilling stronger after parliament removes lending rate cap
- Mozambique sees new oil and gas bidding round in 2020
- Kenyan bank shares up after parliament passes rate cap appeal
- Australia’s South32 exits South Africa thermal coal business
N.B. Full stories of above headlines are available on Reuters
