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Oil climbs as Opec+ mulls supply additions

Brent and WTI crude futures head higher but oil prices still on course for a sixth week of declines

Gold set for weekly fall as Fed adopts hawkish stance

Gold declines 1.1% so far this week as officials say the Federal Reserve might accelerate stimulus tapering

Didi’s New York delisting puts Asian stocks under pressure

Ride-hailing company’s plan to list in Hong Kong renews fears about US-China tensions and tech regulation

JSE set to start to mixed Asian markets on Friday, amid tech pressure

News that Chinese ride-hailing giant Didi is planning to delist in New York is putting pressure on tech stocks, while the rand is steady below R16/$

Market data — December 2 2021

Market data including bonds and forward rates

Opec+ sticks with plan to raise oil output but adds get-out clause

Opec and its allies plan  to adjust crude output by an additional 400,000 barrels a day in January but could revisit decision amid Omicron uncertainty

MARKET WRAP: JSE eases as Omicron spreads

Fed chair Jerome Powell’s comments on possibly speeding up the central bank’s tapering add to cautious sentiment

Q&A: Citadel prefers equities to bonds in global markets

Global economic growth, despite slowing down somewhat, will still grow above capacity in the next two years

Lira gains wiped out as Erdogan replaces finance minister

Investors fret that finance minister  Lutfi Elvan’s exit will further diminishes the likelihood of a quick return to orthodoxy

Oil prices rise as Opec+ meets to decide on supply

Investors uncertain whether cartel will keep to previous agreement of releasing more crude or restrain supply

Gold slides as Powell’s talk bolsters case for rate hikes

Fed chair Jerome Powell tells US Congress that inflation could persist in the second half of 2022, raising the prospect of an accelerated tapering programme

Fear about Omicron leave investors jittery

In his Congress testimony, Jerome Powell said the Fed needs to be ready to respond to the possibility that inflation may not recede in the second half of 2022

JSE muted as investors mull Omicron and Fed chair’s hawkish tone

US markets came under pressure overnight as the country detected its first case of the Covid-19 variant

Oil rises as Omicron-wary investors await Opec+ decision

The emergence of the new Covid-19 variant has thrown a spanner in the works ahead of supply meeting

Asian markets creep up amid Omicron fears

Uncertainty over the new Covid-19 variant, as well as news of US Fed tapering, capped gains

Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.