By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares gain as Trump fuels trade deal optimism, oil firm on OPEC+ output cut
- Trump still upbeat on deal with Beijing despite gap over tariffs
- Oil prices hold at recent highs as OPEC+ deepens cuts
- Investors eye US jobs data, Fed’s policy decisions
Oil Markets
- Oil rises, US crude trading 2-mth high after OPEC cut
- Brent up 1 cent at $63.40 a barrel (0101GMT)
- WTI up 2 cents at $58.45
Precious metals
- Gold flat as risk sentiment rises on trade optimism; set for weekly rise
- Spot gold flat at $1,475.51/oz. (0120GMT)
- US gold futures down 0.2% at $1,480.80/oz.
Grains
- Soybean futures extend gains, linger near 9-day top
- Soybean futures up more than 0.5% for the week
- Corn futures down about 0.5% for the week
- Wheat futures down 3% for the week
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- 2019 corruption in Nigeria report release by NBS & UNODC
- South Africa’s Ramaphosa on working visit to Togo (6 Dec)
- 7th OPEC & non-OPEC ministerial meeting in Vienna
- South Africa FX reserves Nov-19 [prev. $54.53B]
- South Africa state capture inquiry resumes
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- When did you last see an African video game hero? Asks Kenya’s Usiku Games
- South Africa makes last-ditch move to save state airline
- Ethiopia PM shoulld talk to media when collecting Peace Prize – Nobel committee
- Full of promise? Refugees in Ethiopia impatient for right to work
- Africa Oil – Nigeria kidnappings raise ship insurance jitters, offers ease
- Sime Darby to sell Liberia plantation to local manufacturer – minister
- Pirates kidnap 19 crew members from Greek tanker off Nigeria
- Nigeria’s parliament passes record 10.59 trillion naira budget for 2020
- Uber takes to streets of Ivory Coast in African expansion
- South African rand stumbles on economic data
- South Africa hit by power cuts as Eskom units break down
- Half a million ebola vaccine doses to be stockpiled for emergency use
- Kenya’s Safaricom tests new mobile savings service
- Landslides in northwest Burundi kill at least 26 people
- South African Airways to name business rescue practitioner soon
- At least 58 dead after migrant boat sinks off Mauritanian coast
- South Africa moves step closer to land expropriation without payments
- Angola petroleum minister says he supports maintaining OPEC+ oil cuts
- With memories of Rwanda: The Gambian minister taking on Suu Kyi
- Measles toll in Congo exceeds 5,000, WHO says
- Libya’s El Feel oilfield shut due to valve closure – NOC
- Commercial International Bank Egypt seeks to buy small Kenyan bank
- Almost half of land sold for first phase of Egypt’s new capital
- Nigerian court orders security agency to release activist within 24 hours
- Zimbabwe court appoints Mugabe daughter to identify his assets
- Egypt to sell $1 bln in 1-yr dollar denominated t-bills on Dec. 9 – c.bank
- South Africa business confidence improves in November
- Sluggish demand for dollars supports Ugandan shilling
- South Africa Q3 current account deficit narrows to 3.7% of GDP
- Botswana’s Minergy puts UK listing plans on hold
- OPEC and allies prepare to deepen oil output cuts
- Kenya shilling firmer on scarce liquidity, remittances
- Drought and economic woes empty Zimbabwe’s ‘cattle bank’
- Uganda to borrow 600 mln euros to cover 2019/20 budget deficit
- South African Airways in line for 4 bln rand boost to continue operating – minister
N.B. Full stories of above headlines are available on Reuters
