#Africa #Markets | 12 Dec

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global markets

  • Asia shares take a time out, Brent breaks above $65
  • Japanese shares consolidate after 25-year closing peak
  • Upbeat China credit figures underpin mood in Asia
  • Dollar near 1-month top on yen ahead of Fed rate call

Oil markets

  • Brent crude jumps to highest since mid-2015 after North Sea pipeline outage
  • North Sea’s Forties pipeline shut after cracks found
  • Forties can carry 450,000 bpd of crude oil

Precious metals

  • Gold slightly higher ahead of Fed meeting
  • Spot gold was up about 0.1 pct at $1,242.72 an ounce (0049GMT), after losing 0.5 pct on Monday
  • US gold futures were 0.2 pct lower at $1,244.40

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

  • South Africa manufacturing production (Oct-17) (prev. -1.6% yy) [fcst. -0.7%]

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

  • WTO unlikely to reach final fishery deal during conference – spokesman
  • Intrepid Mines Ltd to sell Zambia assets
  • Morocco announces auto industry deals worth $1.45 bln
  • Amnesty accuses EU of abetting migrant rights violations in Libya
  • South Africa poultry group calls for probe of forced labour in Brazil
  • Djibouti sees GDP growth of 7 pct in 2018
  • Burundi will raise funds from citizens to pay for 2020 election
  • Russia’s Putin, Egypt’s Sisi discuss restart of flights, sign nuclear deal
  • Average yields on Egypt 3- and 7-year T-bonds fall
  • ArcelorMittal South Africa selects former executive Verster as CEO
  • Tunisia trade deficit widens to record $5.8 billion
  • Russia’s Rosatom says planned Egypt nuclear plant to cost $21 bln
  • ICC reports Jordan to UN Security Council for not arresting Sudan’s Bashir
  • Yield steady in Egypt 1-year T-bill auction
  • South Africa prosecutors give Zuma Jan 31 deadline to make representations in graft case
  • UN seeks 1,300 places for refugees from Libya
  • Ivory Coast offering $26,000 buy-outs to reduce army size
  • Siemen returns to Libya with 700 mln euro power deals
  • Offshore investors net buyers of South Africa stocks, sell bonds
  • Egypt’s Orascom Telecom studying entry into Africa agriculture industries

Full story of above headlines are available on Reuters

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