By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian stocks retreat as China’s growth slowdown deepens
- Chinese Oct economic indicators miss forecasts
- Hopes for resolution to US-China trade war fade
- Asian stocks drop, Hong Kong falls most
Oil Markets
- Oil rises on decline in US crude stocks, Fed comments on economy
- Brent up 0.3% at $62.54 a barrel (0111GMT)
- WTI up 0.4% at $57.32
Precious metals
- Gold inches down as hawkish Fed weighs on safe-haven demand
- Spot gold down 0.1% at $1,461.50/oz. (0141GMT)
- US gold futures flat at $1,462.40/oz
Grains
- Soybeans firms, rebound from more than 1-mth low
- Soybean futures up 0.2% at $9.17 a bushel (0133GMT)
- Corn futures up 0.1% at $3.75-1/2 a bushel
- Wheat futures unchanged at $5.09 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Nigeria digital economy summit; 14-15 Nov [Alibaba’s Jack Ma attending]
- 11th BRICS summit in Brasilia, Ramaphosa attending; 13-14 Nov
- South Africa inequality trends report by Stats SA
- Nigeria inflation Oct-19 [fcst. 11.7% yy, prev. 11.2%]
- South Africa mining production Sep-19 [fcst. -2.2% yy, prev. -3.2%]
- Egypt triple-tranche dollar bond bookbuilding
- International Conference on Population & Development (ICPD) in Nairobi; 12-14 Nov
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Australia’s Fortescue loses bid to develop Guinea iron ore blocks
- Nigeria security agency denies opening fire on supporters of detained activist
- Fire after gas leak in Egypt kills 7, injures 16 – state newspaper
- South Africa’s Absa to appoint former c.bank deputy Mminele as CEO – media
- Setback for Tunisia’s ‘Me Too’ movement as new MP gets immunity
- 2 Namibian ministers quit in bribery scandal involving Icelandic fishing firm
- Tunisia’s parliament picks moderate Islamist party leader as speaker
- South African rand edges firmer, stocks dip
- IMF revises up Rwanda 2019 growth forecast to 8.5%
- Sudan’s bourse maps out expansion plans amid uncertainty
- South Africa’s SAA says strike could push airline towards collapse
- US to reevaluate South Sudan ties after unity govt deadline passes
- Ghana’s GDP growth to slow, budget deficit to rise in 2020
- Africa Oil – Nigerian light sweet crude offered high but cracks ease
- Malawi receives 17 black rhinos from South Africa
- South African Airways says strike endangers future of airline
- Norway’s DNB to investigate allegedly improper Icelandic payments to Namibia
- Tanzania says gunmen kill 6 in ambush near Mozambique border
- Kenya’s KCB Group’s 9-mth profit rises 6%
- Ghana’s govt proposes 21% budget increase for 2020
- Zimbabwe bans new electric water heaters to save energy
- US presses Egypt on alleged torture, mass arrests at UN review
- South Africa’s retail sales up 0.2% y/y in September
- Award-winning film ‘Atlantics’ offers haunting take on life in Senegal
- Kenya’s budget update sees higher 2019/20 spending, deficit
- African Development Bank decides not to fund Kenya coal project
- Tunisia’s divided parliament attempts to choose a speaker
- Nigeria oil output 1.6-1.7 mln bpd, in line with OPEC cut – NNPC
- Zimbabwe to enforce “use it or lose it” policy for mining assets
- Mozambique GDP growth seen at 5.5% in 2020 – IMF
- Egypt starts marketing triple-tranche dollar bonds
- South Africa’s SPAR posts profit rise despite consumer pessimism
- Zimbabwe central bank will not allow miners to keep all forex earnings
- Egypt to auction $1.56 bln 1-yr dollar t-bills on Nov. 18 – cbank
- Zimbabwe to rigorously enforce “use it or lose it” policy on mining claims
- Kenyan shilling firms due to remittances, inflows to stock market
- Kenyan finance ministry asks parliament to hike 2019/20 budget by 86 bln shillings – papers
N.B. Full stories of above headlines are available on Reuters
