macroafricaintel Daily Brief | 29 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Stocks stop short of new peaks as Sino-US tensions weigh
  • MSCI all country equity index just shy of record peak
  • US stock futures dip, Asia bid slightly
  • Major currencies stuck, Chilean peso tumbles

Oil Markets

  • Oil steady amid muted Thanksgiving trade and ahead of OPEC+ meet
  • Brent down 5 cents at $63.82 a barrel (0103GMT)
  • WTI up 1 cent at $58.12

Precious metals

  • Gold eyes worst month in 3 years amid trade deal hopes
  • Spot gold down 0.1% at $1,456.30/oz. (0116GMT)
  • US gold futures up 0.1% at $1,462.30/oz.

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

  • 5th Gas Exporting Countries Forum in Malabo; Nigeria’s Buhari attending
  • e-Nigeria conference, exhibitions & Awards in Abuja; 28-29 Nov
  • Togo’s US embassy begins diaspora voter registration
  • South Africa PSCE Oct-19 [fcst. 6.8% yy, prev. 6.2%]
  • South Africa M3 Oct-19 [fcst. 6.9%, prev. 6.1%]

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

  • Sudan moves to dissolve ex ruling party, repeals public order law
  • Sudan repeals public order act used to regulate women’s behaviour – minister
  • Sudan approves law to ‘dismantle’ former regime – state TV
  • After Mali deaths, Macron assesses Sahel options hoping for EU help
  • Sudan’s midwives told to stop genital mutilation on mothers after birth
  • 4 killed in attacks against ebola response centres in Congo
  • Norwegian police probe bank DNB over Namibia fisheries scandal
  • Guess the rain: Kenya gamifies climate change to help farmers
  • South Africa’s Eskom makes interim profit on higher tariffs
  • Africa Oil – Demand for Nigerian oil high, though loading issues continue
  • Cambridge college to return looted Benin cockerel statue to Nigeria
  • Equatorial Guinea announces $1 bln of energy projects
  • Turkey signs maritime boundaries deal with Libya amid exploration row
  • Nigeria gives UK court $200 mln guarantee for stay on asset seizures in P&ID case
  • South Africa’s rand steady, stocks fall as investor eye trade developments
  • Death-defying South African lauded for defence of land and women
  • Uganda allows study of power project in Murchison Falls national park
  • Growth in loans, credit cards poses risk to South Africa’s economy – central bank
  • Macron tells army: ‘all options open’ in Sahel after Mali deaths
  • African migrants among 20 civilians killed in attacks on Yemen within a week – UN
  • East Libyan warplanes attack Chadian forces near southwest oilfields – LNA official
  • Egypt’s parliament confirms reappointment of Amer as central bank governor
  • South Africa’s Eskom makes 1.3 bln rand profit in first half
  • Kenyan shilling weakens on end month dollar demand
  • Rwanda’s Bank of Kigali quarterly pretax profit up 58.9%
  • Zimbabwe president u-turns on scrapping grain subsidies – state media
  • Kenya’s Centum banks on real estate after H1 profit trebles
  • Turkey and Libya sign deal on maritime zones in the Mediterranean
  • Algeria protesters scuffle with police as election nears
  • 3 dead in attacks against ebola response centres in Congo
  • East Libyan forces launch air strikes near southwest oil fields
  • South Africa’s Vodacom CFO to step down
  • Kenya’s Centum’s H1 pretax profit jumps to 7.72 bln shillings

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

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