#Africa #Markets | 18 Dec

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global markets

  • Asian shares rise amid US tax cut hopes; pound struggles
  • MSCI ex-Japan rises 0.1 pct after adding 0.8 pct last week
  • Australian shares up 0.1 pct, Japan’s Nikkei climbs 0.8 pct
  • Votes on US tax legislation expected this week

Oil markets

  • Oil markets little changed on lack of price drivers
  • US WTI crude futures at $57.33 (0105GMT), up 3 cents from their last settlement

Precious metals

  • Gold prices edge down amid firmer dollar, equities
  • Spot gold was down 0.1 pct at $1,254.16 an ounce (0059GMT)
  • US gold futures were little changed at $1,257 an ounce

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

  • South Africa’s ruling ANC party to announce new leadership [#ANC54]
  • Uganda interest rate decision [fcst. 9.0%, prev. 9.5%]
  • Botswana interest rate decision [fcst. 5.0%, prev. 5.0%]

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

  • South Africa’s ANC votes to elect leader to replace scandal-ridden Zuma
  • Four dead in ambush of World Food Programme convoy in Nigeria
  • East Libya commander Haftar says UN-backed govt obsolete, hints may run in elections
  • South Africa’s rand firms more than 2 pct on ANC leadership contest
  • South Africa Ramaphosa, Dlamini-Zuma formally nominated to run for president of ANC
  • Average yields fall on Egypt’s 3- and 9- month T-bills
  • Egypt seeks proposals for dollar bond issues – banking sources
  • Initial Zohr output raises Egypt’s natural gas production to 5.5 bln cubic feet daily – minister
  • South Africa’s Zuma calls for party unity as ANC meets to elect new leader
  • South Africa’s Zuma says influence-peddling in his government to be investigated
  • Nigeria oil union calls for strike from Monday after talks hit deadlock
  • Egypt’s Zohr gas field to start production at 350 mln cubic feet/day
  • South Africa’s ANC says party officials barred by courts will not vote at conference
  • South Africa to take tough decisions to grow economy – Gigaba
  • South Africa to increase spending on higher education
  • S&P says Republic of Senegal ‘B+/B’ ratings affirmed
  • Ebola victims sue Sierra Leone govt over mismanaged funds
  • Forgetful ministers keep Mugabe’s name alive at Zimbabwe congress
  • Zimbabwe’s ruling party must fix economy to win vote – president
  • Vale workers in Mozambique down tools at Moatize mine over bonus pay
  • Malawi’s November inflation slows to 7.7 pct y/y – official data
  • Ethiopia ex-official gets Dutch life sentence for war crimes
  • Zimbabwe’s Mnangagwa says land reforms irreversible
  • Nigeria tariff causes car imports to fall, fuels smuggling – ports authority
  • South Sudan’s Kiir promotes three generals facing UN sanctions
  • Russia signs aviation safety agreement with Egypt in move to resume flights
  • Zimbabwe’s ruling party endorses Mnangagwa as leader after Mugabe downfall
  • For $6 a month, child trafficking nearly halted in Benin hotspot
  • South Africa’s Steinhoff ex-chairman Wiese calls off $2.6 bln Shoprite deal
  • Nigeria’s Oando issues official statement on SEC forensic audit commencement
  • South Africa regulator allows Eskom to raise tariffs by 5 pct in 2018/19
  • Zimbabwe’s inflation rises to 2.97 pct y/y in November
  • South Africa regulator probes conduct of Steinhoff auditors
  • South Africa’s Eskom “disappointed” by 5 pct electricity tariff increase
  • Out of US sanctions, Sudan tries to lure back investors
  • Nigeria T-bills extend rally as sell-off, new issues weigh
  • Air traffic controllers strike at new Senegal airport, want more training
  • Congo child soldiers awarded $10 mln compensation in landmark ruling
  • Zimbabwe’s Mnangagwa says elections must be credible, free and fair
  • South Africa’s 3-month T-bill average yield rises to 7.75 pct
  • Mauritius 91-day Treasury bill yield rises to 2.43 pct
  • Rwanda’s GDP growth rises to 8 pct y/y in Q3
  • Middle-class Egypt adapts to survive as austerity bites
  • Somalia’s budget meets IMF terms, official says
  • Botswana’s inflation cools to 2.9 pct y/y in November
  • South Africa Steinhoff African unit to repay $1.2 bln loan to troubled parent
  • South Africa Steinhoff says Christo Wiese resigns as chairman of supervisory board

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

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