By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares rise as Kudlow comments lift trade hopes
- MSCI Asia ex-Japan +0.67%; Nikkei +0.76%
- Kudlow says US, China getting close to trade deal
- Yen weakens, US treasury yields higher
Oil Markets
- Oil rises on hopes for OPEC supply curbs, new optimism on US-China trade deal
- Brent up 0.5% at $62.58 a barrel (0147GMT)
- WTI up 0.5% at $57.06
Precious metals
- Gold falls as US-China trade pact hopes spur risk appetite
- Spot gold down 0.24% at $1,467.44/oz. (0117GMT)
- US gold futures down 0.4% at $1,468.20/oz.
Grains
- Wheat faces 4th week of decline on ample world supplies
- Wheat futures down 0.1% at $5.07-1/2 per bushel (0118GMT)
- Corn futures unchanged at $3.75-3/4 per bushel
- Soy futures up 0.1% at $9.17-3/4 per bushel
- Rice futures unchanged at $11.85 per hundredweight
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- South African Airways’ staff strike; Fri & Sat flights cancelled
- Kenya’s Kenyatta to meet key Mount Kenya politicians
- Nigeria digital economy summit; 14-15 Nov
Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]
- Eastern Libya authorities stop plane from rival territory
- Demonstrator dies in protests against Guinea president
- BRICS leaders avoid discussion of Venezuela divisions
- Algeria lawmakers approve reforms to oil industry, other sectors
- Algeria appoints new central bank governor and head of energy company
- Kenya, Somalia agree to restore ties after spat over oil rights
- Egypt central bank makes third straight cut to interest rates
- BRICS nations vow to stand up to unilateral protectionism
- Nigeria to form border force with neighbours Benin and Niger to fight smuggling
- Africa Oil – Angolan slumps on weaker middle distillate margins
- Morocco’s OCP sees Nigeria ammonia plant starting up in 2023
- Paris wheat curbed by Egypt tender, German premiums rise again
- South Africa’s SAA cancels flights as employees plan strike over wages
- Nigerian stocks rise as local funds snap up banking shares
- South Africa’s Pepkor to take 1.2 bln rand charge in FY 2019
- Russia-Zimbabwe platinum venture needs $500 mln for first phase
- Sudan looks to pyramids to attract tourism – and hard currency
- South Africa’s rand firms despite risk-off mood, equities fall
- South Africa’s Netcare expects FY HEPS to more than triple
- Zimbabwe to cut value added tax to boost consumer demand
- Nigerian stocks rise to 5-wk high as banks rally
- Egypt to create firm to guarantee credit for exports to Africa – c.bank
- Zimbabwe to lower value added tax from January – finmin
- Zimbabwe’s economy forecast to grow 3% next year – finmin
- UAE, Egypt plan $20 bln spending on social, economic projects – Abu Dhabi crown prince
- Algeria lawmakers approve new energy law to attract foreign investors
- Africa FX – East African currencies seen firm, Zambia’s weak
- Egypt unemployment increases to 7.8% in Q3 – stats agency
- Rollout of Johnson & Johnson ebola vaccine begins in Congo
- Egypt textiles salvage plan reveals backing for state sector
- Russia says BRICS nations favour idea of common payment system
- Two SAA unions to challenge airline’s jobs cut plan in court
- Ivory Coast mandates Morocco’s BCP to arrange bond
- Egypt issue dollar-denominated eurobonds worth $2 bln
- South Africa’s SAA to offer striking employees revised wage hike at emergency meeting
- South Africa’s Nedbank to pay for mortgages under new rewards scheme
- Kenyan shilling firms to near 4-1/2 mth high, helped by remittances
N.B. Full stories of above headlines are available on Reuters
