#Africa #Markets | 31 Dec

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Stocks pin hopes on Sino-US talks, as year ends deep in the red
  • Trump claims progress in trade talk with Xi
  • Almost all Asian share indices in red for the year
  • Biggest loser was China blue chips, India a rare gainer
  • Bonds finishing strongly as market bets Fed is done

Oil Markets

  • Oil prices rise, but set for first annual decline since 2015
  • Brent crude futures up 0.3 pct at $53.38 a barrel (0115GMT)
  • US WTI crude futures up 0.4 pct at $45.52 a barrel

Precious metals

  • Gold inches lower as US-China trade talks boost risk appetite
  • Spot gold down marginallly at $1,280.20 per ounce (0048GMT)
  • US gold futures down 0.1 pct at $1,282 per ounce

Grains

  • US soy rises to over 1-week high on US-China trade hopes
  • Most active CBOT wheat futures up 0.1 pct at $5.12 per bushel (0148GMT)
  • Most active corn futures up 0.2 pct at $3.76-1/4 per bushel
  • Most active soy futures up 0.5 pct at $9.00-1/4 per bushel
  • Most active rice futures up 1 pct at $10.41 per hundredweight

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

  • South Africa M3 data for Nov-18 expected [fcst. 5.7% yy, prev. 6.0%]
  • South Africa PSCE data for Nov-18 due [fcst. 5.3% yy, prev. 5.8%]

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

  • Congo opposition cries foul after presidential poll blighted by mishaps
  • 2-yr sentence upheld for Egyptian activist who posted critical video
  • Ebola-hit Congolese town stages mock vote to protest at ban
  • Congo police officer and civilian killed in fight over alleged voting fraud
  • Egypt expects 5th tranche of IMF loan in January
  • French, Niger troops kill Islamist insurgents in joint operation
  • US medic quarantined in Nebraska for possible ebola exposure
  • Morocco arrests Swiss national in connection with killing of Scandinavians
  • Hundreds flee Islamist attacks in northeast Nigeria to seek refuge in Maiduguri
  • Egyptian forces kill 40 suspected militants after tourist bus bombed
  • Nigeria ruling party launched President Buhari’s re-election campaign
  • Sudan security forces use tear gas to disperse anti-govt protesters
  • Sierra Leone arrests former defence minister in graft crackdown
  • Eritrea closes border crossing to Ethiopians, official and residents say
  • WHO says progress against ebola in Congo will be lost if violence goes on
  • Africa Crude – Chinese demand subdued, sellers stay on sidelines
  • Unidentified gunmen kill 10 gendarmes in Burkina Faso
  • Congo cartoonist prepares to sketch a new president
  • South Africa’s trade balance swings to 3.5 bln rand surplus in November
  • Sudan security forces disperse protesters near Khartoum
  • Libyan oil revenue dips to $2.4 bln in November – NOC
  • Congo opposition leader Fayulu takes clear lead ahead of Sunday’s election
  • Sudan detains 9 opposition leaders ahead of planned protest

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

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