#Africa #Markets | 14 Dec

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares jolted by weak Chinese data, growth risks
  • Worries about US-China collision also keep investor on edge
  • Euro almost flat a day after ECB ends QE but keeps reinvestments

Oil Markets

  • Oil prices dip, but expectations of tightening supply support
  • Brent crude oil futures down 0.6 pct at $61.06 per barrel (0135GMT)
  • US WTI crude futures down 0.3 pct at $52.42 pr barrel (0118GMT)

Grains

  • Soybeans fall to 8-day low, on course for 2nd straight weekly loss
  • Most active CBOT wheat futures down 0.4 pct at $5.34 per bushel (0130GMT)
  • Most active corn futures down 0.2 pct at $3.83-1/2 per bushel
  • Most active soy futures down 0.4 pct at $9.03-3/4 per bushel
  • Most active rice futures down about 0.1 pct at $10.45 per hundredweight

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

  • Nigeria’s Vice-presidential debate today
  • Nigeria inflation data for Nov-18 expected [fcst. 11.4% yy, prev. 11.3%]

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

  • US to counter China, Russia influence in Africa – Bolton
  • UN climate talks produce draft text in final push
  • Tunisia’s parliament rejects bill on lifting retirement age
  • Nigerian comic creates heroes with albinism to end ritual murders
  • Congo fire destroys thousands of voting machines for presidential election
  • Tunisia doctors protest against wage disclosure
  • Eskom debt swap not an option – South Africa’s Ramaphosa
  • Africa Crude – Burst of spot trade mops up Nigerian cargoes
  • Bolton frustrated Western Sahara conflict has not been resolved
  • Somalia arrests ex-Islamist militant running for regional presidency
  • Hundreds of Egyptian Christians protest at police killing
  • Sierra Leone’s sick suffer untreated as doctors strike
  • South Africa’s Eskom says more power cuts unlikely until January
  • Kenyan court convicts ex-police officer of murder in killing of detainee
  • Hike in record-dry months for Africa’s Sahel worries scientists
  • Nigeria files $1.1 bln London lawsuit against Shell, Eni over oil deal
  • Nigeria’s president asks to present budget to parliament on Dec 19 – house speaker
  • Congo fire destroyed materials for 19 of capital’s 24 polling districts
  • Gunmen kill more than 40 Tuaregs in ongoing Mali violence
  • Zimbabwe mining minister invites De Beers, Vast Resources to return
  • Eritrean leader pays first visit to Somalia, seeking closer ties
  • Sibanye-Stillwater extends wage agreement to striking gold workers
  • Remittances, charity flows strengthen Ugandan shilling
  • Egypt wants World Bank, IMF to quantify informal sector in GDP
  • MTN, Nigerian central bank dispute will be over ‘very soon’ – regulator
  • Gold Fields restart production in South Africa as workers return
  • Egypt’s Hassan Allam Holding aims to float shares in H1 – sources
  • PZ Cussons warns of weakening demand, Nigeria challenges
  • Egypt’s Pharos Holding says set to launch microfinance services
  • Amplats expects 20 pct jump in full-year earnings
  • South Africa’s Group Five gets interest for parts of business
  • South Africa’s Afrox looks to trim cost base, forecasts lower 2018 earnings
  • Militia leader’s bravado shows limits of Libya reforms

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

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