By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Stocks drop as Trump’s Latin American tariffs revive trade angst
- MSCI Asia ex-Japan -0.45%, Nikkei down 1.1%
- Australian shares on track for worst day in 2 mths
- US tariffs on Brazil & Argentina ‘effective immediately’
Oil Markets
- Oil rises for a second day as Saudi Arabia pushes supply cut
- Brent up 0.3% at $61.11 a barrel (0218GMT)
- WTI up 0.4% at $56.17
Precious metals
- Gold inches up as Trump’s Latin American tariffs curb risk appetite
- Spot gold up 0.1% at $1,463.42/oz. (0134GMT)
- US gold futures unchanged at $1,469.20/oz.
Grains
- Soybeans rebound from near 3-mth low, ample global supplies cap gains
- Soybean futures up 0.3% at $8.73-1/2 a bushel (0149GMT)
- Corn futures up 0.1% at $3.81-1/4 a bushel
- Wheat futures up 0.5% at $5.38 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- South Africa GDP Q3-2019 [fcst. 1.2% qq saa, prev. 3.1%]
- Nigeria’s legislature expected to pass 2020 budget
- South Africa state capture inquiry resumes
- African Economic Conference by AfDB, ECA & UNDP in Sharm el-Sheikh, Egypt; 2-4 Dec
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Australia’s Woodside Petroleum submits final plan for Senegal oil project
- Canada’s Semafo says Boungou mine operations in Burkina Faso not expected to restart this year
- Tunisia’s police & demonstrators clash in third night of protests
- Govt in Libya’s capital condemns deadly air strikes
- East Libyan forces blamed for deadly air strikes in Tripoli, south
- Accused in Namibian fishing corruption scandal withdraw bail application
- South African Airways lost over $700 mln in past 2 years – documents
- After Libya arms embargo breaches, UN Security Council warns countries to stop
- South African Airways lost over 5 bln rand in 2018/19 – presentation
- Lebanese salesman acquitted in case over $2 bln Mozambique loans
- South African regulator tells Vodacom, MTN to cut data prices
- South Africa’s rand hits 5-wk peak as US manufacturing slip aids EM’s
- Africa Oil – Asking prices for Angolan slip, demand still robust
- France’s Macron pays respects to soldiers killed in Mali, says battle goes on
- Ghana G&S cocoa arrivals reach 208,000 T by Nov. 14 – COCOBOD
- Poor nations pay price as millions flee ‘climate chaos’, Oxfam says
- Ethiopia to keep banking sector only for domestic investors – draft law
- Ivory Coast 2019/20 cocoa port arrivals seen at 694,000 T by Dec. 1 – exporters
- Uganda reaches deal on tax dispute, paves way for Tullow stake sale
- Morocco’s poor left behind by development boom
- Uganda shilling holds steady, seen coming under pressure
- Kenya shilling weakens on surging importer demand
- South Africa’s Absa PMI slips to 47.7 in November
- South Africa’s rand flat ahead of GDP figures
N.B. Full stories of above headlines are available on Reuters