By Rafiq Raji, PhD
Twitter: @DrRafiqRaji
Global Markets
- Asian shares rise as Fed cheer offsets trade, UK angst
- Traders around the world brace for British election
- Trump to meet advisors on China tariffs
- Dovish Powell comments hurt dollar
- Treasury yields rebound in Asia
Oil Markets
- Oil prices stabilise on OPEC supply deficit forecast
- Brent up 19 cents at $63.61 a barrel (0100GMT)
- WTI down 9 cents at $58.85
Precious metals (11 Dec)
- Gold rises 1% after Fed stands pat on rates, curbs hike hopes
- Palladium hits peak of $1,917.30; set for 14th straight gain
- Spot gold up 0.7% at $1,474.62/oz. (2100GMT)
- US gold futures settled 0.5% higher at $1,475/oz.
Grains
- Soybeans steady as market awaits Sino-US trade updates
- Soybean futures nearly unchanged at $8.93-3/4 a bushel (0224GMT)
- Corn futures up 0.1% at $3.71-1/2 a bushel
- Wheat futures down 0.3% at $5.17-3/4 a bushel
Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]
- Kenya Jamhuri Day; public holiday
- Algeria presidential election
- South Africa mining production Oct-19 [fcst. -1.8% yy, prev. 0.2%]
- South Africa producer inflation Nov-19 [fcst. 3.0% yy, prev. 3.0%]
- Aswan forum in Egypt; 11-12 Dec [Nigeria’s Buhari et al. attending]
Key African events or data releases yesterday & early a.m today
- France, Niger propose to postpone G5 Sahel meeting to early 2020
- Australia’s FAR completes $99 mln placement for Senegal project
- Pompeo says US wants to work with Russia on Libya, reminded Lavrov of arms embargo
- Production at Libya’s El Feel oil field restarts gradually – engineers
- Goldman Sachs names new head of Johannesburg office
- At least 70 soldiers killed in attack on Niger military camp – security sources
- Africa Oil – High freight weighs, Angolan overhang looms
- South Africa’s Eskom aims to stabilise grid by end of March after blackouts – president
- IMF, Ethiopia reach preliminary agreement on $2.9 bln financing package
- Algeria budget cuts spending, encourages foreign investors
- South African rand firmer after data shows slowing inflation
- Angola opens case against ex-minister over Namibia fishing bribe scandal
- ICC: Central African Republic suspects to face war crimes trial
- Egypt’s new sovereign fund cherry-picks assets to lure investors – CEO
- South Africa’s cabinet to discuss self-generation of energy – Ramaphosa
- Turkey says Libya accord does not include troop deployment
- Small business owners count cost of South Africa’s power cuts
- Egypt’s Rameda Pharmaceutical shares end 4.7% lower in debut trading
- South Africa’s Eskom will work to restore network stability by end of March – Ramaphosa
- Algerian protesters demand Thursday’s election be cancelled
- Springfield E&P says it discovers 1.5 bln barrels of oil offshore Ghana
- US sanctions five South Sudan officials over killings of govt critics
- South Africa’s retail sales up 0.3% y/y in October
- Kenyan court grants bail to Nairobi governor charged with corruption
- South Africa’s Absa appoints new international head
- Ugandan shilling little-changed, may gain on charity flows
- South Africa annual consumer inflation slows to 9-yr low
- Scaled power cuts set to continue in South Africa
- Kenyan shilling holds steady amid importer demand
- South African rand falls as nationwide blackouts weigh
N.B. Full stories of above headlines are available on Reuters
