#Africa #Markets | 27 Dec

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares ride Wall Street surge, oil rally
  • Trump official says Fed chief Powell’s job is safe
  • Nikkei rise 3.7 pct; dollar gains most vs yen since April overnight
  • Gold hovers below 6-mth highs

Oil Markets

  • US oil prices extend gains as equities rise, but economic worries weigh
  • Brent yet to trade; rose 8 pct to $46.22 per barrel previously
  • US WTI crude futures up 0.6 pct at $46.48 per barrel (0032GMT)

Precious metals

  • Gold edges up but risk-on sentiment limits gains
  • Spot gold up 0.4 pct at $1,271.85 per ounce (0102GMT)
  • US gold futures up 0.1 pct at $1,273.9 per ounce

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

  • Ghana referendum on new regions today
  • Nigeria FX reserves data for Dec-18 expected [prev. $41.99B]

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

  • Deposed Egyptian presidents come face to face in court
  • France drops charges against Rwandan officials – judicial source
  • 3 Congo opposition cities excluded from presidential election
  • Islamic State claims attack on Libya’s foreign ministry in Tripoli
  • Security forces disperse Sudanese demonstrators after week of protests
  • Congo opposition cry foul over web-enabled voting machines
  • Several dead in suicide attach on Libyan foreign ministry
  • Russia’s Nornickel terminates agreement with Botswana’s BCL on asset sale
  • Gunmen attack HQ of Libya’s foreign ministry in Tripoli – Reuters witness
  • More arrests made over murder of 2 Scandinavian women in Morocco
  • Election fears dim Christmas cheer in Congo
  • Clashes in western Tunisia after self-immolation of journalist
  • Sudan police disperse protesters with tear gas on 6th day of unrest
  • NOC head and Libyan PM agree new plan to protect fields
  • South Africa’s MTN pays $53 mln to settle $8.1 bln Nigeria dispute
  • On 6th day of protests, Sudan’s Bashir warns against incitement
  • Nigeria’s central bank says agreement with MTN ends legal case, resolves dispute – statement
  • Ghana’s first oil exploration licensing round attracts global majors
  • Libyan authorities say they recover 34 bodies from IS mass grave
  • Kenya lifts abortion ban on global charity Marie Stopes
  • South Africa’s rand firms as US political uncertainty weighs on dollar
  • Ugandan shilling weakens on uptick in interbank appetite
  • Al Shabaab bomber executed in Somalia
  • Madagascar’s Rajoelina leads election runoff, Ravalomanana alleges fraud

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

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