macroafricaintel Daily Brief | 14 Apr

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica

Global Markets

  • Asia shares seen higher but economic woes may cap gains
  • MSCI ex-Japan starts higher on Tuesday, Nikkei rises too
  • Signs of peaking in coronavirus outbreak helping sentiment
  • Confidence tempered by fears of global recession
  • Investors eye Chinese trade data, corporate results

Oil Markets

  • Oil gains as US shale production set to fall sharply
  • Brent up 1.8% at $32.30 a barrel (0017GMT)
  • WTI up 2.1% at $22.88

Precious metals

  • Gold scales 7-yr high on rising economic worries, Fed stimulus
  • Spot gold up 0.4% at $1,721/oz. (0243GMT)
  • US gold futures up 1.1% at $1,781.20/oz.


  • Soybeans edge up after losses on demand concerns; corn eases
  • Soybeans up 0.2% at $8.55-1/2 a bushel (0120GMT)
  • Corn down 0.2% at $3.31 a bushel
  • Wheat down 0.1% at $5.55 a bushel

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

  • IMF releases world economic outlook
  • Key African countries on lockdown; subdued economic activity
  • Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today

  • China’s Guangzhou city says 111 Africans tested positive for coronavirus
  • UN agencies: 117 mln children may miss measles shots due to covid-19
  • IMF approves $1 bln in emergency aid for Ghana, $442 mln for Senegal
  • China denies city discriminating against ‘African brothers’
  • IMF to provide debt relief for 25 countries to help them address pandemic
  • Congo records third new ebola case from same infection chain – WHO
  • Nigeria to extend coronavirus lockdowns for 14 more days – President Buhari
  • Congo records third new ebola case from same infection chain
  • Forces aligned with Tripoli govt advance along west Libyan coast
  • G20 health ministers to speak next week about coronavirus – statement
  • South Africa coronavirus cases rise to 2,272 deaths at 27
  • Sudan imposes lockdown on capital after 10 new coronavirus cases
  • Nigeria police deploy units to tackle lockdown crimewave
  • Tunisia’s trade deficit falls by 12 pct in first quarter
  • UN says Saudi deportations of Ethiopia migrants risks spreading coronavirus
  • WHO says confident US funding will continue in covid fight
  • Shell lifts force majeure on Nigeria’s Forcados crude – statement
  • China in the driver’s seat amid calls for Africa debt relief
  • Egypt second quarter GDP growth to exceed 1%, deputy minister says
  • China says willing to study Africa debt relief jointly with international community
  • Nigerians shake off coronavirus lockdown boredom with group exercise
  • Sibanye-Stillwater says South Africa operations can resume limited mining
  • Rain-short Zimbabwe fights taboo against farming drought-hardy grain
  • Saudi Telecom extends Vodafone Egypt stake purchase process by 90 days
  • Indigenous Namibians fight for ancestral land in national park

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

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