#Africa #Markets | 27 Dec

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global markets

  • MSCI ex-Japan rises led by gains in metals, energy shares
  • Australian shares jump to near decade highs
  • Copper surges to the highest in 3-1/2 years
  • Oil gives back gains but stays near 2-1/2 year peak

Oil markets

  • Oil prices slip away from 2015 highs, but market remains tight
  • Brent, WTI hit highest levels since mid-2015 on Tuesday
  • Jumps were fuelled by Libya, North Sea pipeline outages
  • North Sea Forties pipeline gradually resuming operations
  • Global markets slightly under-supplied going into 2018 – EIA

Precious metals

  • Gold hovers below 3-wk high amid firm dollar
  • Spot gold was down 0.1 pct at $1,282.31 an ounce (0057GMT), after hitting highest since 1 Dec. at $1,283.72 in the previous session
  • US gold futures were little changed at $1,287 an ounce

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

  • Ongoing vote counting of Liberian presidential runoff election to be in focus

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

  • Families chased from Libyan town in 2011 can go home – govt
  • Liberians vote in historic, delayed election
  • Attack on Libyan crude pipeline cuts output by up to 100,000 bpd
  • Egypt wants outside experts to help settle Nile dispute
  • Sudan to devalue pound currency to 18 per dollar in January – minister
  • Libya has lost around 90,000 bpd from pipeline blast – oil source
  • Arabica coffee, cocoa, sugar all gain on short-covering
  • Four killed in suspected Boko Haram Nigeria attack on Monday
  • Tunisia working with UAE on terrorist threat from female jihadist returnees
  • Egypt will choose 4-5 banks to arrange next Eurobonds issuance

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

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