#Africa #Markets | 4 Dec

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global markets

  • Global equities near all-time highs
  • Asia stocks open steady
  • U.S. dollar rallies on Senate tax cuts law
  • Focus on U.S. Russia probe
  • Central bank decisions in Australia (5 Dec) and India (6 Dec)

Oil markets

  • Oil down on Monday after U.S shale drillers added more rigs last week
  • Prices supported by OPEC output extension cuts agreed last week, though

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

  • South Africa Q3 GDP (5 Dec)
  • Namibia interest rate decision (6 Dec)
  • Kenya’s Kenyatta cabinet list buildup in focus

Key African events or data releases over the weekend
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]

  • After return home, former Egypt premier says still mulling election bid
  • Kenya opposition says a strategist arrested, no reason given
  • Former key ally of Nigeria’s Buhari joins opposition party
  • Zuma says South Africa and Morocco will resume diplomatic ties
  • Average yields rise on Egypt’s 3- and 9-month T-bills
  • Nigeria puts fortress towns at heart of new Boko Haram strategy
  • Mali’s president contradicts France account of military strike
  • Zimbabwe’s Mnangagwa drops education minister after public outcry
  • Cocoa falls to 2-month lows on higher Ivory Coast, Ghana purchases
  • Zimbabwe’s military muscles into first post-Mugabe cabinet
  • Zimbabwe court postpones former finmin Chombo bail hearing
  • Tanzania restores power in parts of country after nationwide outage
  • South Africa’s new vehicle sales up 7.2 percent year/year in November
  • South Africa’s 3-month T-bill average yield falls to 7.66 percent
  • Mauritius 91-day Treasury bill yield rises to 2.18 pct
  • South Africa’s ABSA PMI rises to 6-month high in November [act. 48.6, prev. 47.8]
  • Barclays announces final sale of stake in Barclays Africa
  • Steinhoff Africa Retail looks to acquire 23 percent of South Africa’s Shoprite

N.B
Full story of above headlines are available on Reuters & Bloomberg

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