#Africa #Markets | 11 Dec

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global markets

  • Bitcoin futures makes firm debut, swing above launch price
  • Dollar near 1-month high against yen
  • Fed expected to hike rates this week; BoE, ECB also meeting

Oil markets

  • Oil prices fall in early Monday trading
  • Latest rise in U.S. rig count a factor

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

  • Kenya Supreme Court to release detailed judgement on presidential election re-run today
  • Uganda interest rate decision (13 Dec)
  • South Africa consumer inflation rate (Nov-17) (13 Dec)
  • South Africa retail sales (Oct-17) (14 Dec)
  • South Africa current account (Q3 2017) (14 Dec)
  • South Africa producer inflation rate (Nov-17) (14 Dec)

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

  • Kenya opposition says postpones “swearing-in” of alternative president
  • Egypt’s inflation falls to lowest this year
  • Egypt’s core inflation falls to 25.54 pct yr/yr in Nov – c.bank
  • Egypt to sign contracts for nuclear power plant during Putin’s visit
  • Congo lower house adopts new mining code that increases taxes
  • Average yields on rise on Egypts’ 3- and 9-month T-bill
  • Sudan govt imposes temporary ban on 19 imports to support currency
  • Egypt’s current account deficit narrows to $1.6 bln in Q1 2017/18
  • Rwanda’s inflation declined to 2.2 pct in November
  • African Development Bank to lend $100 mln to Guinea bauxite mine
  • Libya political, oil and bank heads discuss funds to lift crude oil
  • Kenya lecturers end strike, say deal reached with government
  • Zimbabwe names diplomat Isaac Moyo as top spy
  • Mauritius needs to clarify monetary policy – IMF
  • IMF completes Ivory Coast review, will disburse $137 mln
  • Moody’s changes Democratic Republic of Congo’s outlook to negative
  • Ethiopia inflation surges to 13.6 pct in November
  • South Africa court rules Zuma appointment of state prosecutor invalid
  • Head of Zimbabwe election commission quits, source says
  • Nigeria finance minister says gave no order to halt Oando inquiry
  • New board of South Africa’s Eskom wins cabinet approval
  • South Africa’s Zuma to appeal court ruling on state prosecutor
  • Tanzania-Zambia railway authority resumes transportation of copper
  • Fitch cuts Nigeria’s 2017 GDP growth forecast to 1 pct
  • Tanzania’s inflation slips to 4.4 pct in November
  • South Africa 3-month T-bill average yield falls to 7.64 pct
  • Zimbabwe court postpones US citizen’s subversion case to January
  • Mauritius turns to Saudi Arabia fuel cargoes after court bans India supplies
  • Egypt signs $1.15 bln World Bank loan

Full story of above headlines are available on Reuters

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