macroafricaintel Daily Brief | 21 Sep

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

Global Markets

  • Asian shares cling to tight ranges as attention shifts to US election, stimulus
  • MSCI ex-Japan down 0.1%, China blue-chips down 0.3%
  • Brent down 1 cent at $41.1
  • Spot gold slightly lower at $1,951.3

Oil Markets

  • Oil prices steady as third storm in month takes aims at US
  • Brent up 0.2% at $43.24 a barrel (0230GMT)
  • WTI up 0.2% at $42.21

Precious metals

  • Gold prices firm as tepid dollar lends support
  • Spot gold up 0.2% at $1,953.37/oz. (0334GMT)
  • US gold futures down 0.1% at $1,960.50/oz.

Grains

  • Soybeans ease from 28-mth high, Chinese demand curbs losses
  • Soybean futures down 0.1% at $10.42 a bushel (0258GMT)
  • Corn down 0.4% at $3.77 a bushel
  • Wheat unmoved at $5.75 a bushel

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

  • Ghana’s Akufo-Addo visits Nigeria; 20-22 Sep
  • Uganda eases Covid-19 restrictions, allows in tourists
  • Nigeria’s central bank decides interest rates; 21-22 Sep [fcst. 12.5%, prev. 12.5%]
  • South Africa state capture inquiry continues
  • Covid-19 updates by authorities across the continent

Key African events or data releases over the weekend & early a.m today

  • World leaders to mark United Nations at 75 as pandemic challenges organization
  • Sudan to discuss removal from US terrorism list in UAE
  • Covid-19 graft scandals fuel South Africans’ anger with ruling ANC
  • Banks agree $545 mln for Congo Republic economy
  • Libya’s NOC lifts force majeure on oil, except where fighters remain
  • Morocco orders Covid-19 vaccine as cases approach 100,000
  • Former execs of South Africa’s Comair to buy out firm in restructuring
  • South Africa commits $650 mln to airline SAA, adminstrator says
  • Turkey upset by Sarraj’s plan to step down in Libya – Erdogan
  • With tourists slow to return, Egypt’s resorts and ancient sites face tough winter
  • Three women in final five for WTO leadership race
  • Libya’s Haftar says he will lift oil blockade
  • Dutch court freezes stake in Angola’s former first family oil feud
  • Somalia president names newcomer Roble premier as elections loom
  • Japan sending team to probe Mauritius ship grounding
  • Ivory Coast opposition calls for protests to stop Ouattara’s third term bid
  • Ethiopia files terrorism charges against leading opposition activist
  • ‘Hotel Rwanda’ hero says he was duped into coming to Rwanda, NYT reports
  • Convoy ambush in eastern Congo kills one aid worker
  • Ivory Coast ex-PM, barred from standing for president, says Ouattara must be blocked
  • Burundi impunity for abuses continues, says UN report, as another mass grave opened
  • Militant group claims killing of France aid workers in Niger
  • More than 30 killed in militia attacks in western Ethiopia
  • Suspected arms dealers moved millions in Somalia money transfers, report says
  • ‘Hotel Rwanda’ hero denied bail during terror trial

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

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