#Africa #Markets | 20 Dec

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global markets

  • Asian shares slip as investors await US tax reforms, dollar steadies
  • Wall Street pulls back from this week’s record highs
  • US crude futures extend Tuesday’s gains

Oil markets

  • Oil edges up on UK pipeline outage, expectation of lower US crude stocks
  • US WTI crude futures were at $57.71 a barrel (0100GMT), up 15 cents from the last settlement

Precious metals

  • Gold prices little changed as dollar holds steady on tax bill hopes
  • Spot gold was steady at $1,261.79 an ounce (0051GMT)
  • US gold futures were little changed at $1,264.80 an ounce

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

  • Final day of South Africa’s ruling ANC party conference

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

  • Angola’s Sonangol says settled dispute with Cobalt International Energy
  • Benin withdraws telecoms licence for Globacom unit in renewal dispute
  • Uganda parliament debate on presidential age cap halted as scuffles break out
  • Zimbabwe’s Mnangagwa drops hint military chief set for vice presidency
  • Egypt army officer jailed after announcing presidential candidacy
  • Fitch says South Africa political uncertainty to persist in 2018
  • Ramaphosa’s ANC election win lifts South Africa banks
  • Investors fear South Africa market euphoria is overdone
  • Climate change may boost rain in Kenya river basin – scientists
  • Scandal-hit South Africa Steinhoff’s lenders start cutting credit, shares tumble
  • Ramaphosa’s “poisoned chalice”: new ANC leader may struggle to reform South Africa
  • Remittance from expatriate Egyptians rise by 38.9 pct
  • Morocco central bank keeps benchmark interest rate steady at 2.25 pct
  • South Africa’s Ramaphosa says party’s “Top Six” combines different views
  • UN to move 10,000 migrants from Libya in 2018
  • South Africa’s Steinhoff says unable to give details of accounting irregularities
  • Scandal-hit South Africa’s Steinhoff appoints van der Merwe acting CEO
  • Central African economies contracted this year, but by less than before – IMF
  • South Africa’s Ramaphosa win as ANC leader heralds possible shift in policy – Moody’s
  • South Africa assets rally further on reform hopes from new ANC leader

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

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