macroafricaintel Daily Brief | 8 Oct

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

Global Markets
• Asian shares to track Wall Street gains on renewed US stimulus hopes
• Markets price in a Democratic sweep in US elections
• Nikkei up 0.1%, Hang Seng up 0.3%
• Spot gold up 0.5% at $1,887.05/oz.
• Brent down 1.6% at $41.99

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji & @macroafrica]
• Nigeria’s Buhari delivers 2021 budget speech (8 Oct)
• Ghana ruling NPP’s Akufo-Addo & NDC’s Mahama on the campaign trail
• South Africa’s Ramaphosa convenes cabinet retreat on economic recovery (day 2)
• Sierra Leone’s former president Koroma appears before
anti-corruption commission
• South Africa’s Ramaphosa anti-corruption drive gains momentun; more
high-profile arrests expected
• South Africa state capture inquiry continues
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Tunisia imposes night curfew to slow second wave of pandemic
• Libya says it detains men suspected of burning Nigerian to death
• Cash shortage adds to weary Eastern Libyans’ woes
• Blacks still pay more than others for home ownership – MIT study
• Ivory Coast police rescue 11 children working on cocoa farms
• 8 Burkina Faso nationals die in Ivory Coast bus crash
• Kenya court convicts two for helping deadly terrorist attack on shopping mall
• US maintains suspension of military assistance to Mali, says envoy
• Tanzania opposition leader says facing repression as elections near
• Kenya’s health minister questions licensing of BAT’s LYFT nicotine pouches
• South Africa unions protest over corruption, job losses, wages
• Kidnapped France aid worker’s son cautious on word of her release in Mali
Bloomberg
• Race to the WTO leadership is down to the final two candidates
• Nigeria lawmakers approve plan to borrow $11 bln in 2021
• Impala approached over stake in giant Zimbabwe platinum project
• US to maintain halt to Mali military aid until after election
• Social media users may have to get a special license in Lesotho
• Sudan’s Red Sea ports resume operations after days of protests
• South Africa business group urges reforms as sentiment recovers
• South Africa services mood bounces back from record low
• South Africa stocks edge higher with banks helped by rand gains
• Nigeria to end crude-for-fuel swaps in 2023, ThisDay says
• South Africa unions strike to protest graft, job losses
• Libya’s central bank calls for resumption of oil operations
• Nigeria to start central clearing of derivatives from next year
• South Africa central bank shifts to ‘wait and see’ after covid-19 response

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

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