macroafricaintel Daily Brief | 25 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia shares bounce, hope for best on US-China trade
  • Shares recoup some of last week’s losses in early trade
  • US officials continue to sound optimistic on trade
  • Pro-democracy candidates sweep to power in HK vote
  • Dollar benefits as US economy outperforms

Oil Markets

  • Oil kicks off week with gains on fresh hopes for US-China trade talks
  • Brent up 0.1% at $63.46 a barrel (0220GMT)
  • WTI up 0.2% at $57.87

Precious metals

  • Gold inches lower on trade deal hopes, firmer dollar
  • Spot gold down 0.1% at $1,461.02/oz. (0058GMT)
  • US gold futures down 0.2% at $1,460.60/oz.

Grains

  • Wheat rises for 2nd session on lower US planting; soybeans near 8-wk low
  • Wheat futures up 0.4% at $5.20-3/4 per bushel (0115GMT)
  • Corn futures unchanged at $3.68-3/4 per bushel
  • Soy futures unchanged at $8.97 per bushel
  • Rice futures unchanged at $12.18 per hundredweight

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

  • Bank of Ghana interest rate decision [fcst. 15.0%, prev. 16.0%]
  • Central Bank of Kenya interest rate decision [fcst. 8.0%, prev. 9.0%]
  • Guinea-Bissau vote-counting ongoing
  • AfDB conference on land policy in Abidjan
  • Global gender summit in Kigali
  • Final campaigns in 27 Nov. Namibia elections

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

  • Independent Egyptian news website says its offices were raided
  • Guinea Bissau counts presidential ballots after weeks of chaos
  • Death toll from Kenya landslides rises to 56 as heavy rains lash country’s north west
  • Ex-Namibian minister freed a day after arrest on graft charges
  • Small plane crashes in eastern Congo, killing at least 27 people
  • Spain rescue ship stranded off Italy with 73 African migrants on board
  • Namibian court denies former fisheries minister bail in corruption case
  • Egypt signs energy accords at conference in new capital
  • Ethiopia’s Sidama vote overwhelmingly to form autonomous region
  • Tanzania protests after plane seized in Canada over land compensation dispute
  • I’d rather died at sea than return to Libya, says rescued migrant
  • US indicts Nigerian airline CEO on bank fraud and money laundering charges
  • Egypt signs $430 mln natgas deal at investment forum
  • Zimbabwe’s vice president returns after 4 mths in China receiving medical treatment
  • 2 dead, 9 missing as fishing boat sinks off Morocco
  • S&P downgrades South Africa’s outlook to negative
  • South Africa blocks arms sales to Saudi and UAE in inspection row
  • Telecoms group Orange completes sale of Orange Niger arm to Zamani
  • Africa Oil – Angolan term allocations, Nigerian programmes emerge
  • South African rand steady ahead of ratings decision, stocks up
  • Morocco issued first international bond in 5 years on Thursday – statement
  • African Union urges UK to cede Chagos Islands, end “colonial”rule
  • WHO sounds alarm on ebola due to Congo insecurity
  • South African Airways inks deal to end 8-day strike
  • Weeks before vote, Algerian protesters pile on the pressure
  • South Africa’s Naspers reports 48% slump in profits
  • South African Airways says to restore full schedule this weekend
  • Zimbabwe to order importers to declare forex sourcing – govt
  • Morocco’s CPI rises 0.7% in October – planning agency
  • Uganda shilling trades flat as debt and charity flows lend support
  • Nigeria’s economy grew 2.28% in Q3 after oil output rose to 3-yr high
  • Drone firm in talks in Uganda on medical supply delivery deal
  • South Africa’s Tiger Brands’ annual earnings drop 17% on tepid recovery at meat unit

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

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