#Africa #Markets | 18 Dec

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia stocks slide as global growth worries deepen
  • Asian shares down 0.2 pct, S&P 500 hits 14-mth low
  • Fed seen raising rates, hinting slower tightening in 2019
  • Investors look to Xi Jinping speech, China conference

Oil Markets

  • Oil prices fall 3rd straight session amid supply glut worries
  • US shale oil output to top 8 mln bpd by year-end – EIA
  • Brent crude oil futures down 1.2 pct at $58.90 per barrel (0340GMT)
  • US WTI crude futures down 1.2 pct at $49.27 per barrel

Precious metals

  • Gold prices steady in run-up to Fed meeting
  • Spot gold little changed at $1,245.40 per ounce (0119GMT)
  • US gold futures down 0.2 pct at $1,249.6 per ounce

Grains

  • Soybeans mixed in quiet trade; corn, wheat slightly softer
  • Most active CBOT wheat futures nearly unchanged at $5.32-1/2 per bushel (0321GMT)
  • Most active corn futures nearly unchanged at $3.83-3/4 per bushel
  • Most active soy futures nearly unchanged at $9.04-1/4 per bushel
  • Most active rice futures down 0.1 pct at $10.57 per hundredweight

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

  • Africa-Europe summit in Austria; started yesterday

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

  • US says air strikes killed 62 militants in Somalia
  • Canadian regulator to consider Katanga settlement proposal Tuesday
  • France vows aid for Burkina Faso, but no more troops to fight Islamists
  • Africa Crude – Angola’s February programme emerges, Nigeria’s awaited
  • Gambia names international advisers to tackle debt, ministry says
  • Eni, Shell knew of ‘sharks’ in Nigeria graft case – judge
  • Fastjet suspends flights in Tanzania until the end of January
  • Rediscovering truth: African storytellers tap into rich tradition
  • Girls taken to Uganda, Tanzania for ‘vacation cutting’ as Kenya cracks down on FGM
  • South African Naspers leads $540 mln investment in Indian tech startup
  • Canadian regulator to fine Glencore-controlled miner over Congo – WSJ
  • Ugandan shilling weakens on interbank demand
  • Zimbabwe inflation soars to new 10-yr high of 31 pct
  • Kenyan shilling firms against the dollar
  • ‘Nobody will kneel’: Tigrayans defiant as Ethiopian leader cracks down
  • Bowing out as president, Congo’s Kabila raises prospect of a return act
  • Nigeria’s farmer-herder clashes have left over 3,600 people dead, Amnesty says

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

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