#Africa #Markets | 19 Dec

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global markets

  • Asia stocks up as Wall St gets tax-hope boost, dollar sags
  • MSCI Asia-Pacific index up 0.2 pct, Nikkei adds 0.2 pct
  • Dollar sags with currencies less sanguine about tax cut impact

Oil markets

  • Oil range-bound as disruptions offset by rising US output
  • US WTI crude futures were at $57.22 a barrel (0108GMT), up 6 cents from their last settlement

Precious metals

  • Gold holds steady; investors eye US tax bill movements
  • Spot gold was steady at $1,261.24 an ounce (0059GMT)
  • US gold futures were down 0.1 pct at $1,264.4 an ounce

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

  • [Power dynamics in South Africa after deputy president Cyril Ramaphosa elected ruling ANC party president to be in focus]

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

  • US VP Pence delays trip to Egypt, Israel because of US tax vote
  • Senegal’s GDP growth to top 6 pct in 2017 for third year running – IMF
  • Cameroon separatists kill 4 gendarmes as Anglophone crisis worsens
  • Vale says won’t pay bonuses to striking Mozambique mine workers
  • US shale output set to rise by 94,000 bpd in January – EIA
  • Mozambique’s economy needs reforms, fiscal discipline to grow – central bank governor
  • South Sudan rebels accuse army of attack as peace talks restart
  • Zimbabwe military chief looks set for vice presidency
  • Somali president vows extra efforts after US suspends aid to military
  • Six Uganda MPs ejected in rowdy debate to extend rule of ageing Museveni
  • South Africa’s Ramaphosa wins election as ANC president
  • Libya resumes gas pipeline exports to Italy after technical problem
  • Nigeria oil union suspends nationwide strike, could resume late Jan
  • South Africa rand hits 9-month high as Ramaphosa wins ANC leadership
  • South Africa dollar bonds extend gains as Ramaphosa elected ANC leader
  • South Africa’s Dlamini-Zuma demands recount of ANC vote after losing – News24
  • South Africa’s ANC prepares to unveil leader, Malema says “It’s a boy”
  • Eni strengthens renewable energy ties with Algeria’s Sonatrach
  • Nigeria’s Dangote Cement shares trade in $350 mln off-market deal – traders
  • Average yields fell on Egypt’s 5- and 10-year T-bonds
  • Zimbabwe army leaves streets a month after Mugabe’s ouster
  • Avocet Mining says has agreed to sell its Burkina Faso assets
  • Uganda shilling stronger on flows from commodity exporters
  • ArcelorMittal South Africa confirms payment to competition commission
  • South Africa’s Steinhoff to issue update after meeting bankers on Tuesday
  • Malawi declares 20 districts disaster areas after armyworm outbreak
  • Repsol starts production from Reggane project in Algeria
  • Botswana’s central bank keeps lending rate at 5 pct [forecast was 5 pct]
  • Uganda central bank holds key lending rate at 9.5 pct [forecast was 9 pct]
  • Nigeria annual inflation slows for tenth month to 15.9 pct
  • African Petroleum provides update on Senegal licenses
  • Offshore investors net buyers of South Africa stocks, sell bonds

Full stories of above headlines are available on Reuters

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