By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares slide on trade disappointment, HK unrest
- Trump offers no new details on US-China trade pact
- Trade war has taken toll on major economies
- Commodities highlight concern about global demand
Oil Markets
- Oil dips as US-China trade deal hopes fade
- US crude stocks seen rising for 3rd week – survey
- Oil demand growth to slow post-2025 – IEA
- Forecast points to increased fuel efficiency, Evs
- Brent down 0.3% at $61.90 a barrel (0124GMT)
- WTI down 0.3% at $56.65
Precious metals
- Gold hit by uncertainty over US-China trade deal, firmer dollar
- Spot gold flat at $1,457.91/oz. (0116GMT)
- US gold futures up 0.3% at $1,458/oz.
Grains
- Soybeans inch up on slow US harvest pace
- Soybean futures up 0.1% at $9.17-3/4 per bushel (0201GMT)
- Corn futures up 0.3% at $3.76-3/4 per bushel
- Wheat futures down 0.4% at $5.15 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Ghana 2020 budget statement by finmin Ofori-Atta
- South Africa retail sales Sep-19 [fcst. 2.2% yy, prev. 1.1%]
- 11th BRICS summit in Brasilia, Ramaphosa attending; 13-14 Nov
- International Conference on Population & Development (ICPD) in Nairobi; 12-14 Nov
- 2019 Africa investment forum by AfDB et al. in Johannesburg; 11-13 Nov
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Uganda protests police killing of 2 nationals in Rwanda
- Egypt seeks to parry rights criticism after mass arrests
- Kenya pledges to end FGM by 2022 – ahead of global target
- Eswatini next to suspend South African animal imports after foot and mouth outbreak
- Petrol stations on Nigeria’s borders close after fuel delivery ban
- Nigerian ‘unicorn’ Interswitch sells stake to Visa
- Africa Oil – Angolan cargoes dwindle, Nigerian strong
- South African state airline says it could cut more than 900 jobs
- South Africa’s state airliner SAA says job cuts could save firm $47 mln
- Morocco mandates banks for bond investor meetings – document
- South Africa’s AMCU mining union seals platinum wage deals
- Algeria’s Sonatrach renews Edison contract
- Rain halts oil shipments from Algeria’s Skikda – Ennahar
- Dubai’s DP World signs deal to develop business park in Namibia
- Algerian court jails 21 protesters
- Kenya’s Equity 9-mth pretax profit jumps on lending boost
- Kenya’s Silverstone Air suspends all flights
- Eni CEO doesn’t rule out interest in Dana Gas Egypt assets, but not a priority
- Egypt lifts LNG exports from Idku terminal to 1 bln cubic feet per day
- Cargo handled by Kenya’s Mombasa port up 9% Jan-Sept – port operator
- Egypt hires banks for triple-tranche dollar bond issue
- Egypt’s sovereign wealth fund to raise authorized capital to up to 1 tln pounds
- Ghana sells 200,000 tonnes of cocoa with farmer premium
- Zimbabweans get new banknotes, but angered by withdrawal limits
- Ghana has sold 200,000T of cocoa with LID for 2020/21 – Cocobod
- Kenya shilling steady, remittances to meet importer demand
- 2 die during heavy rains in South Africa
- South Africa’s Telkom in deal talks despite plunging profit
- Bill to nationalise South Africa’s central bank in parliament
- Mauritius appoints Renganaden Padayachy as its new finmin
- Kenya’s Equity Group Holdings 9-mth pre-tax profit up 11%
- South Africa’s Telkom reports 36% plunge in H1 profits54
N.B. Full stories of above headlines are available on Reuters