By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares waver, Hong Kong tensions spoil festive mood after upbeat US data
- Hong Kong law dents optimistic mood
- Australian shares briefly touch record high, then retreat
- Currencies in risk-off mode
- US markets closed for holiday
Oil Markets
- Oil drops as US inventory build, record output rekindles supply worries
- Brent down 0.3% at $63.90 a barrel (0141GMT)
- WTI down 0.4% at $57.90
Precious metals
- Gold gains as US bill backing HK protesters fuels trade deal doubts
- Spot gold up 0.2% at $1,457.60/oz. (0132GMT)
- US gold futures up 0.2% at $1,456.30/oz.
Grains (27 Nov)
- Soybeans steady as traders weigh chances for US-China trade deal
- Hopes of US-China trade deal lend some support to soybeans
- Corn, wheat slip in run-up to Thanksgiving closure
- South American crop weather looks favourable – analysts
- Soybean futures down 0.1% at $8.83-1/2 a bushel (1740GMT)
- Corn futures down 0.8% at $3.75-1/4 a bushel
- Wheat down 0.5% at $5.28-1/2 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- South Africa producer inflation Oct-19 [fcst. 2.9% yy, prev. 4.1%]
- African continental peace summit in Niamey
- Namibia general election results expected
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Nigeria meets with West African neighbours on border closure
- Eastern Libyan forces regain control of El Feel oilfield – LNA
- Nigeria meets with West African neighbours on border closure
- 2 Guinea-Bissau ex-premiers through to presidential runoff
- New sex offenders register may deter Nigerians with ‘no conscience’
- Billion-dollar LNG project in southern Mozambique expected in 2020
- South African govt working to ensure SAA’s survival
- Africa Oil – More Nigerian progs emerge, new tender issued
- Egypt sentences top militant suspect Ashmawy to death
- South Africa’s rand firms on risk-on mood, stocks inch up
- As France mourns 13 soldiers, top general says full victory in Africa impossible
- French defence minister heads to Mali to honour troops killed in helicopter crash
- Appeals judges uphold sentence for Congolese ex-vice president Bemba
- Fastjet looks to sell Zimbabwe business in effort to survive till 2021
- Kenyan govt says approves set price for household heating tariffs
- Kenyan shilling weakens on increased importer demand
- Namibians vote in tight contest clouded by economic crisis
- South Africa business confidence improves after 2 years –survey
- Former Guinea-Bissau PM’s through to run-off in presidential vote
- In rain-short Niger, wasps deployed in war on crop-munching worm
- Namibia arrests former justice minister in fishing scandal
- Uganda shilling unchanged as banks and importers trim appetite
- Egypt’s Rameda Pharmaceutical to float 49% stake on EGX
- Botswana’s GDP to slow to 3.5% in 2019 – IMF
- South Africa’s Woolworths posts 2.2% rise in 20-week sales
- Shrinking lake in Mali spells end of line for family of fishermen
- France to start probing black boxes from fatal Mali helicopter crash
- Kenya parliament body cuts finance ministry’s request for extra spending
N.B. Full stories of above headlines are available on Reuters