macroafricaintel Daily Brief | 21 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares slide as Sino-US spat on Hong Kong clouds trade deal outlook
  • US stock futures fall 0.2%, Asia shares down
  • Trump seen signing HK bills, looks set to anger Beijing
  • Trade deal seen delayed into next year – sources
  • US bond yield, yuan at 3-wk low

Oil Markets

  • Oil dips on worries US-China trade deal could slip to next year
  • Brent down 0.4% at $62.15 a barrel (0138GMT)
  • WTI down 0.4% at $56.81

Precious metals

  • Gold rises on uncertainty over Sino-US trade deal
  • Spot gold up 0.2% at $1,474.24 per ounce (0033GMT)
  • US gold futures flat at $1,474.10/oz.

Grains

  • Soybeans recover from near 2-mth low, US-China trade deal uncertainty weighs
  • Soybean futures up 0.1% at $9.06-1/4 a bushel (0114GMT)
  • Corn futures down 0.1% at $3.66-1/2 a bushel
  • Wheat futures little changed at $8.81-3/4 a bushel

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

  • South Africa interest rate decision [fcst. 6.5%, prev. 6.5%]
  • South Africa’s Ramaphosa to meet Black Business Council
  • South Africa state capture inquiry continues

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

  • Algerian protesters step up pressure with new demonstration
  • Sudan’s top Islamist politician sent to prison holding Bashir
  • France takes aim at Saudi over failed West Africa commitments
  • Ethiopian human rights boss battles scant resources
  • “Born again” Ethiopian minority votes on autonomy
  • AngloGold reaches deal with Guinea to resume gold production
  • Nigeria to issue guarantee note to lenders to Bank of Industry – minister
  • Nigeria’s ex-attorney general arrested in Dubai over $1.3 bln oil deal
  • Africa Oil – Grades steady, Nigerian programmes due
  • Morocco’s rail operator to sell Marrakech’s La Momounia hotel to cut debt
  • Nigeria appeals $200 mln court payment for stay on asset seizures on P&ID case
  • Paris wheat consolidates as Algeria tender awaited, Polish prices up
  • Strike pushes South African Airways to brink of collapse
  • South African rand slips as US-China trade row intensifies
  • For one family, Ethiopian referendum reverberates through generations
  • Zimbabwe police use tear gas, batons in opposition crackdown
  • South Africa investigates possible IP theft from defence firm Denel
  • Algeria army arrests militants heading for Sahel region – ministry
  • Kenya raises 66 bln shillings from state corporations for budget
  • Ivory Coast 2019/20 cotton output expected to hit record 510,000 T – industry group
  • Court postpones hearing for 8th time for Tanzanian journalist
  • Unions up ante at South African Airways as finances approach crunch
  • South Africa’s Eskom needs $12 bln to comply with new emissions laws
  • Uganda shilling unchanged as banks’ and importer demand slackens
  • Zambia raises benchmark lending rate by 125 bps to 11.5%
  • South Africa inflation slows to 8-yr low, putting rates cuts back in picture
  • Strike certificate issue at South Africa’s Comair – union
  • South African retailer Lewis profits rise on strong sales
  • Kenya’s treasury tells ministries: no funding till you pay your bills
  • Kenyan shilling extends gains against the dollar
  • South Africa’s rand slips as risk mood turns cautious
  • Sycamore Mining signs deal with Guinea to redevelop Kiniero gold mine
  • South African cement firm PPC’s earnings hit by Zimbabwe inflation
  • South African Airways needs govt loan guarantee or risks liquidation – board member

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

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