#Africa #Markets | 22 Dec

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global markets

  • Catalan vote dents euro
  • Upbeat US data lifts stocks
  • MSCI Asia-pacific index up 0.3 pct, Nikkei flat
  • Overall impact of Catalan vote seen limited

Oil markets

  • Oil dips away from 2015 highs
  • Rising US output weighs on outlook
  • Traders start closing positions ahead of Christmas, New Year
  • Forties pipeline system to re-open in early January – Ineos

Precious metals

  • Gold hovers below 2-week high, but eyes 2nd weekly gain
  • Spot gold was down 0.1 pct at $1,265.99 an ounce (0102GMT), after hitting $1,268.91 (its highest level since 6 Dec) in the previous session
  • US gold futures slipped 0.1 pct to $1,269.40 an ounce

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

  • South Africa M3 (Nov-17) (prev. 5.0% yy) [fcst: 6.0%]
  • South Africa PSCE (Nov-17) (prev. 5.4% yy) [fcst: 5.5%]
  • Zambia, Kenya and Uganda are expected to release December inflation data

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

  • Ululations, tears as white Zimbabwean farmer returns to seized land
  • South Sudan government, rebel groups sign ceasefire
  • Cocoa tumbles amid ample supplies, raw sugar at 2-week top
  • Cameroonian journalist to be freed after terrorism charges dropped
  • Bharti Airtel says purchase of Tanzania unit stake had govt approval
  • US santions Myanmar, South Sudan, Gambian figures for rights violation, corruption
  • Yields on Kenya’s 91-day, 182-day and 364-day T-bills rise at auction
  • Fitch says twin deficits remain key Kenya sovereign sensitivities
  • South Africa’s Steinhoff investor Wiese sells part of Shoprite stake
  • Somalia releases jailed ex-minister and government critic
  • Botswana’s economy contracts 0.9 pct in Q3
  • No clean sweep for South Africa’s Ramaphosa in ANC race
  • South Africa’s ANC decides on Israel embassy downgrade ahead of Jerusalem vote
  • Nigeria’s state oil firm more than doubles fuel supply amid run on petrol
  • South Africa’s power utility Eskom delays interim results announcement
  • South Africa’s central bank says nationalisation plan would be costly
  • Tanzania shilling and Ghana’s cedi seen firmer next week
  • Fitch affirms Ethiopia at ‘B’; outlook stable
  • More work needed before Congo Republic bailout – IMF
  • Food security in Middle East, North Africa deteriorationg, says UN agency
  • South Africa’s Standard Bank urges Ramaphosa to lift economy
  • Rates on Uganda treasury bills fall at auction

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

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