#Global #Markets | 16 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

(GMT+1)

CALENDAR
09:30 Hong Kong GDP Growth Rate YoY 
09:30 Hong Kong GDP Growth Rate QoQ 
09:30 Euro Area ECB Draghi Speech 
11:00 Italy Balance of Trade 
11:00 Euro Area Inflation Rate MoM 
11:00 Euro Area Core Inflation Rate YoY Final 
11:00 Euro Area Inflation Rate YoY Final 
15:15 US Industrial Production MoM 
15:15 US Industrial Production YoY 
22:00 US Foreign Bond Investment 
22:00 US Overall Net Capital Flows 
22:00 US Net Long-Term Tic Flows 
00:50 Japan Exports YoY 
00:50 Japan Balance of Trade
NEWS
Malaysia Q3 FDI Picks Up 
Malaysia Q3 Current Account Surplus Narrows Sharply 
Malaysia Q3 GDP Growth Weakest in 2 Years 
Singapore October NODX Rises More than Expected 
New Zealand Manufacturing PMI Climbs to 5-Month High 
US Stocks Rebound Sharply on Thursday 
Argentina Inflation Rate Jumps to 45.9% YoY 
Colombia Economic Activity Expands 2.3% YoY in September 
Mexico Lifts Interest Rate by 25 Bps to 8% 
Egypt Leaves Rates Unchanged 
Israel Inflation Rate Steady at 1.2% in October 
European Stocks Finish Lower on Brexit Turmoil 
Colombia Annual GDP Growth Slows to 2.7% in Q3 
US Crude Oil Inventories Rise the Most since Feb 2017 
US Business Inventories Match Forecasts

Source: Trading Economics, Macroafricaintel Research

#Global #Markets | 15 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

(GMT+1)

CALENDAR
06:30 Netherlands Unemployment Rate 
07:30 China FDI (YTD) YoY 
08:00 Turkey Unemployment Rate 
08:00 Indonesia Interest Rate Decision 
09:00 Philippines Interest Rate Decision 
10:30 UK Retail Sales ex Fuel MoM 
10:30 UK Retail Sales ex Fuel YoY 
10:30 UK Retail Sales YoY 
10:30 UK Retail Sales MoM 
11:00 Euro Area Balance of Trade 
13:00 Israel Inflation Rate MoM 
13:05 India Balance of Trade 
13:15 Euro Area ECB Cœuré Speech 
14:10 Euro Area ECB Praet Speech
NEWS
Indonesia Import Growth Accelerates Sharply 
Indonesia Exports Rise More than Expected in October 
Australia Jobless Rate Unchanged at 6-1/2-Year Low of 5% 
US Stocks Close Lower on Wednesday 
Sterling Flat Against USD as Cabinet Agrees May’s Plan 
European Shares Fall Ahead of UK Cabinet Meeting Outcome 
Colombia Retail Sales Grow at a Faster 5.9% in September 
Ukraine GDP Growth Slows to 2.8% in Q3 
Colombia Factory Output Grows Less than Expected 
Colombia Trade Gap Widens in September 
Colombia Imports Rise 8.4% YoY in September 
Oil Prices Rebound 
Natural Gas Prices Hit 4-1/2-Year High 
Ecuador Posts Smallest Trade Gap in 6 Months

Source: Trading Economics, Macroafricaintel Research

#Global #Markets | 14 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

(GMT+1)

CALENDAR
05:30 Japan Tertiary Industry Index MoM 
07:30 India WPI Inflation YoY 
08:00 Finland GDP Growth Rate YoY Prel 
08:00 Finland GDP Growth Rate QoQ Prel 
08:00 Germany GDP Growth Rate QoQ Flash 
08:00 Germany GDP Growth Rate YoY Flash 
09:00 Nigeria Inflation Rate YoY 
09:30 Netherlands Balance of Trade 
09:30 Netherlands GDP Growth Rate YoY Flash 
09:30 Netherlands GDP Growth Rate QoQ Flash 
09:30 Sweden Inflation Rate MoM 
09:30 Sweden CPIF YoY 
10:00 Poland GDP Growth Rate YoY Prel 
10:00 Poland GDP Growth Rate QoQ Prel
NEWS
Sri Lanka Hikes Key Rate by 75 bps to 8% 
China Retail Sales Rise the Least in 5 Months 
China Industrial Output Rises More than Expected 
China Fixed Asset Investment Growth Beats Estimates 
Australia Wages Gain Steam in Q3 
Australia Consumer Confidence Climbs in November 
South Korea Jobless Rate Edges Down to 3.9% 
US Government Budget Deficit Widens in October 
Sterling Extends Gains on Brexit Draft Deal 
Natural Gas Prices Rally on Cold Weather Forecast 
European Shares Gain 
Oil Prices Dip Below $57 
US Stocks Rebound 
El Salvador Inflation Rate Hits 10-Month High of 1.50%

Source: Trading Economics, Macroafricaintel Research

#Africa #Markets | 13 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares pare losses on US-China trade optimism, oil slides
  • MSCI ex-Japan off 1.4 pct, Nikkei plunges over 3 pct
  • Asian suppliers of iPhone parts down sharply
  • Euro breaks key chart support of $1.13 to lowest since mid-2017
  • Dollar benefits from euro, pound sell-off, US rate hike bets

Oil Markets

  • Oil falls as Trump raps OPEC’s supply cut plan, global markets skid
  • Brent below $70/b, WTI below $60/b amid broader market woes
  • Saudi Arabia says there is need to cut 1 mln bpd of supply
  • Trump says OPEC should not cut supply
  • Brent crude futures down 0.9 pct at $69.47 per barrel (0214GMT)
  • US WTI crude futures down 1.3 pct at $59.15 per barrel

Precious metals

  • Gold prices inch up after hitting 1-mth low
  • Spot gold up 0.2 pct at $1,202.99 per ounce (0125GMT)
  • US gold futures flat at $1,203.4 per ounce

Grains

  • Wheat slips from 3-wk high, soybeans rise
  • Most active CBOT wheat futures down 0.4 pct at $5.17-3/4 per bushel (0344GMT)
  • Most active corn futures down 0.3 pct at $3.70-1/4 per bushel
  • Most active soy futures down 0.3 pct at $8.85-3/4 per bushel
  • Most active rice futures unchanged at $10.65 per hundredweight

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

  • South Africa’s state capture inquiry continues
  • Paris Peace Forum contiunes today; a number of African heads of state in attendance
  • Libya conference in Italy today

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

  • South Africa’s Telkom H1 adjusted headline EPS up 10.3 pct
  • Tunisia must control wage bill, IMF warns after deal with union
  • Tunisia parliament approves prime minister’s cabinet reshuffle
  • Tunisia expects record number of tourists, up to nine million in 2019
  • Egypt tells Israel it needs to de-escalate Gaza violence
  • Two Congo opposition leaders pull support for joint election candidate
  • Libya rivals arrive for Italy summit after election shelved
  • Management contributed to collapse of Nigeria’s Skye Bank – deposit insurer
  • UN Security Council set to lift Eritrea sanctions on Wednesday
  • Dozens in court as Ethiopia says security chiefs ordered attack on PM
  • Nigeria telecoms regulator approves Teleology takeover of 9-mobile
  • Kidnappers free last of 80 Cameroon schoolboys
  • IMF says held constructive talks with Zambia on restoring debt sustainability
  • Sierra Leone ruling against palm oil company will empower communities – campaigners
  • Women cancer patients learn makeup tips in new Egypt workshop
  • South Africa’s Brait first-half net asset value falls
  • Africa Crude – Weak Asian demand, high freight weigh
  • Congo opposition supporters protest against joint election candidate
  • Ivory Coast Oct cocoa grinding unchanged y/y – exporter stats
  • Migrants rescued by cargo ship refuse to disembark at Libyan port
  • Egypt Sisi to visit Italy for Libya conference
  • South Africa’s competition watchdog rules SABC, Multichoice deal a merger
  • Ethiopia also arrested 27 METEC employees, police officials
  • Ethiopia’s attorney-general alleges vast corruption at military-run Metec
  • Ethiopia arrests 36 intelligence officials over alleged corruption, rights abuses
  • Egypt sells 695.10 euros in 1-yr euro-denominated t-bills – cbank
  • Mubadala to buy 20 pct interest in Egypt’s Nour offshore concession from Eni
  • Italy hosts Libya conference to push new UN peace plan
  • Kenyan shilling under pressure due to oil importer dollar demand
  • Uganda shilling steady as pending taxes trim demand
  • Zimbabwe invites bids for struggling national airline
  • South Africa’s Eskom warns of power cuts due to low coal stockpiles
  • Kenya to sell 20-yr infrastructure bond worth 50 bln shillings in Nov- cenbank
  • South Africa Vodacom H1 profit down 13.5 pct

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

#Global #Markets | 13 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

(GMT+1)

CALENDAR
08:00 Germany Inflation Rate YoY Final 
08:00 Norway GDP Growth Rate YoY 
08:00 Norway GDP Growth Rate QoQ 
08:00 Norway GDP Growth Mainland QoQ 
09:00 Euro Area ECB Praet Speech 
10:30 UK Average Earnings incl. Bonus 
10:30 UK Unemployment Rate 
10:30 UK Claimant Count Change 
10:30 UK Employment Change 
11:00 Euro Area ZEW Economic Sentiment Index 
11:00 Germany ZEW Current Conditions 
11:00 Germany ZEW Economic Sentiment Index 
12:00 Brazil Retail Sales YoY 
12:00 Brazil Retail Sales MoM
NEWS
Australia Business Sentiment Lowest in over 2 Years 
New Zealand Food Inflation Jumps on Higher Meat Prices 
Uruguay Industrial Output Rises 16.1% YoY in September 
European Shares Close Lower 
Kosovo Inflation Rate Edges Up to 1.5% in October 
Euro Hits 16-Month Low 
Sterling Heads for Biggest Daily Decline since September 
India Inflation Rate Lowest in Near 1 Year 
India Industrial Output Growth Beats Forecasts 
Latvia Current Account Gap Widens in September 
Azerbaijan Inflation Rate Steady at 0.2% MoM in October 
Dollar Hits 17-Month High 
Lithuania Producer Inflation Rises to 9.1% in October 
Bulgaria Trade Balance Shifts to Deficit in September

Source: Trading Economics, Macroafricaintel Research

#Global #Markets | 12 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

(GMT+1)

CALENDAR
10:00 Italy Industrial Production MoM 
13:00 India Manufacturing Production YoY 
13:00 India Industrial Production YoY 
13:00 India Inflation Rate YoY 
20:30 US Fed Daly Speech 
01:30 Australia NAB Business Confidence 
08:00 Germany Inflation Rate YoY Final 
08:00 Norway GDP Growth Rate YoY 
08:00 Norway GDP Growth Rate QoQ 
08:00 Norway GDP Growth Mainland QoQ 
09:00 Euro Area ECB Praet Speech 
10:30 UK Average Earnings incl. Bonus 
10:30 UK Unemployment Rate 
10:30 UK Claimant Count Change
NEWS
Philippines September Retail Price Rises the Most in 19 Months 
Singapore Retail Sales Rise for First Time in 3 Months 
Malaysia Retail Sales Rise the Least in 4 Months 
Rwanda Consumer Prices Fall for 2nd Month in October 
Ireland Ulster Bank Construction PMI Falls to 43-Month Low 
US Stocks Close Lower on Friday 
Mozambique Inflation Rate Slows to 4.75% in October 
Ukraine Inflation Rate Rises More Than Expected in October 
US Wholesale Inventories Revised Higher in September 
US Consumer Sentiment Falls Less than Expected 
Mexico Industrial Output Growth at 5-Month High of 1.8% 
US Producer Prices Post Biggest Gain in 6 Years 
Belarus Inflation Rate at 3-Month Low of 4.9% 
Mauritius Holds Interest Rate Steady at 3.5%

Source: Trading Economics, Macroafricaintel Research

#Global #Markets | 9 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

(GMT+1)

CALENDAR
08:45 France Industrial Production MoM 
10:30 UK GDP Growth Rate YoY Prel 
10:30 UK GDP Growth Rate QoQ Prel 
10:30 UK Construction Output YoY 
10:30 UK Industrial Production YoY 
10:30 UK Industrial Production MoM 
10:30 UK Manufacturing Production MoM 
10:30 UK Manufacturing Production YoY 
10:30 UK Balance of Trade 
10:30 UK Business Investment YoY Prel 
10:30 UK Business Investment QoQ Prel 
10:30 UK GDP MoM 
10:30 UK GDP 3-Month Avg 
11:15 Germany Bundesbank Balz Speech
NEWS
Estonian Trade Gap Widens in September 
Dutch September Industrial Output Growth Eases to 2.9% 
Malaysia Industrial Output Rises More than Expected 
Malaysia Jobless Rate Edges Down to 3.3% in September 
Malaysia Q3 Construction Output Growth Slows 
China Producer Prices Rise the Least in 7 Months 
Fed Holds Rates as Expected, Signals December Hike 
German Stocks Fall 
Ecuador Inflation Rate Rises to 0.33% in October 
Mexico Inflation Rate Ticks Down to 4.9% in October 
Canada New Home Prices Unchanged for 2nd Month 
US Jobless Claims Drop to 214K in Latest Week 
Canada Housing Starts Highest in 4 Months 
Latvia Inflation Rate Steady at 18-Month High

Source: Trading Economics, Macroafricaintel Research