#Africa #Markets | 28 Dec

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia stocks lifted as Wall Street extends comeback
  • MSCI Asia-Pacific index up 0.3 pct
  • Wall Street extends comeback rally, gains for 2nd day
  • Fed policy stance in focus as new year looms
  • Crude remains choppy, oil futures rise after sharp fall

Oil Markets

  • Oil prices jump, but oversupply worries persist
  • Brent up 2.3 pct at $53.34 a barrel (0219GMT)
  • US WTI crude futures up 2.3 pct at $45.62

Precious metals

  • Gold prices steady as economic worries support, gains in equities drag
  • Spot gold up 0.1 pct at $1,276.15 per ounce (0126GMT)
  • US gold futures down 0.2 pct at $1,278.1 per ounce

Grains

  • Soy, wheat, corn hold steady amid lack of market news
  • Most active CBOT wheat futures up 0.2 pct at $5.11-1/4 per bushel (0138GMT)
  • Most active corn futures up 0.1 pct at $3.75 per bushel
  • Most active soy futures up 0.3 pct at $8.85-1/4 per bushel
  • Most active rice futures unchanged at $10.23 per hundredweight

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

  • Nigeria’s Buhari to start campaign today in Niger Delta
  • South Africa trade data for November expected [prev. ZAR-5.55B]
  • Nigeria foreign exchange reserves data for December 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]

  • Madagascar presidential candidate’s team cries foul after rival declared winner
  • Egypt’s central bank holds interest rates
  • Congolese soldiers fire in air to disperse election protesters
  • Armed Chadian group attacks forces loyal to Haftar in southern Libya
  • Congo expels EU ambassador ahead of presidential election
  • Africa Crude – New Egina crude hits the market, MRS issues sell tender
  • South Africa’s rand edges up in light year-end trade
  • Madagascar’s Rajoelina declared winner of presidential vote by election commission
  • 24 patients fled Congo ebola centre, 17 already tested negative
  • Russia plays down idea of forming joint organisation with OPEC given US sanctions risk
  • Congo protesters ransack ebola isolation centre
  • Congo soldiers fire in air to disperse election protesters
  • Dozens protests in eastern Congo city against election exclusion
  • Uganda shilling weak on increased demand from commercial banks

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

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