#Africa #Markets | 13 Dec

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares, sterling up on pause in Brexit, trade fears
  • MSCI Asia-Pacific ex-Japan index up 0.2 pct
  • Nikkei up 0.8 pct
  • Australian shares up 0.2 pct
  • GBP rallies after May no-confidence vote win, trading at $1.2629

Oil Markets

  • Oil prices climb amid signs of easing US-China trade tensions
  • Brent crude oil futures up 0.5 pct at $60.46 per barrel (0213GMT)
  • US WTI crude futures up 0.5 pct at $51.40 per barrel

Precious metals

  • Gold edges lower, palladium hits record high
  • Spot gold down 0.1 pct at $1,244.56 per ounce (0124GMT)
  • US gold futures little changed at $1,249.5 per ounce

Grains

  • Soybeans fall from 6-mth high, Chinese orders limit losses
  • Most active CBOT wheat futures up 0.3 pct at $5.28-1/4 per bushel (0153GMT)
  • Most active corn futures down 0.3 pct at $3.84-1/4 per bushel
  • Most active soy futures down 0.2 pct at $9.18-1/4 per bushel
  • Most active rice futures down 0.2 pct at $10.53 per hundredweight

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

  • South Africa producer inflation data for Nov-18 due [fcst. 6.8% yy, prev. 6.9%]
  • Kenya’s Kenyatta to launch universal health care initiative today

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

  • Barrick, Tanzania make progress in tax row, no deal yet – source
  • France arrests CAR war crimes suspect
  • Uganda says pipeline investors want higher tariff, may delay first oil
  • Climate talks work on fair way to phase out coal use – Canada
  • Africa Crude – Angolan surplus falls, Nigerian market still hampered
  • Nigerian opposition candidate signs election peace accord
  • Congo police fire live rounds to disperse opposition candidate supporters
  • Tanzania signs $3 bln hydro deal in heritage site despite concerns
  • Gold production resumes at Randgold’s Loulo mine in Mali
  • South Africa’s retail sales up 2.2 pct y/y in October
  • Egypt stock market halts trading of el Sewedy Electric pending details on Tanzania dam deal
  • Nigerian court adjourns MTN, central bank case until Jan. 22
  • South African rand’s volatility grows as economic risks gather
  • Gabon oil union calls off strike at Total facilities
  • Egypt’s El Sewedy, Arab Contractors to build $3 bln Tanzania hydro power plant
  • South Africa’s consumer inflation rises to 5.2 pct y/y in Nov
  • France’s Total wins contracts for two offshore blocks in Mauritania
  • South Africa’s Group Five appoints new CFO
  • Egypt wants World Bank, IMF to include informal sector in GDP

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

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