macroafricaintel Daily Brief | 25-26 Dec

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Japanese shares rally in final trades for the year
  • Nikkei up 0.4%, gains YTD 18.8%; Topix up 0.4%
  • Dollar ticks higher vs yen as confidence stays intact
  • Markets remain in holiday mood; several still closed for Boxing Day

Oil Markets

  • Oil rises, supported by trade deal, OPEC cuts
  • Brent up 0.2% at $67.36 a barrel (0155GMT)
  • WTI up 0.3% at $61.31

Precious metals

  • Gold steady as markets await trade deal signing details
  • Spot gold unchanged at $1,499.18/oz. (0132GMT)
  • US gold futures down 0.1% at $1,503.10/oz.

Key African events or data releases today (25-26 Dec)
[Posts & comments at my Twitter handle @DrRafiqRaji]

  • Egypt central bank MPC meeting; postponed to 16 Jan
  • Eritrea’s Afwerki working visit to Ethiopa (25 Dec)
  • Turkey’s Erdogan surprise visit to Tunisia on Libya (25 Dec)

Key African events or data releases previously (24-25 Dec) & early a.m today

  • YEARENDER – From medicine to recycling, 6 African start-ups doing business for good in 2019
  • Egypt’s current account deficit narrows, FDI up in July-Sept 2019
  • Egypt’s central bank postpones policy meeting to Jan. 16
  • Hundreds of thousands turn out to mourn Algeria’s powerful army chief
  • Turkey-Libya maritime deal rattles East Mediterranean
  • Turkey’s Erdogan discusses Libya ceasefire during surprise Tunisia trip
  • Nigeria releases Sowore and Dasuki after AG orders bail
  • 35 civilians killed in Burkina Faso after army repels militant attack
  • After Ethiopia crash, victims’ relatives say they were hounded by US law firms
  • Turkish parliament readying bill to allow sendin troops to Libya
  • Nigeria’s NNPC to raise Chevron-operated GTL plant stake to 60%
  • Botswana court dismisses challenge to October election result
  • Tanzania charges rights activist with economic crimes
  • Eritrean soccer players go missing in Uganda again
  • Russia’s Zarubezhneft says joins 2 offshore oil blocks in Egypt
  • Algerian students still pushing for change after general’s death
  • Africa Oil – Margins recover, spot trade muted
  • Kenyan shilling firm ahead of holiday season
  • South Africa’s Bidvest to acquire British-based PHS Group
  • Rhino poaching at record levels in Botswana
  • Vietnam seizes two tonnes of ivory, pangolin scales
  • Flushed with fear: South Africa’s sewage system collapse a ‘time bomb’

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

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