macroafricaintel Daily Brief | 19 Oct

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

Global Markets
• Asian markets jump on vaccine, US aid hopes; gains capped by China data
• MSCI Asia ex-Japan shares up 0.6%
• China shares pare gains after Q3 GDP data misses forecasts; act.
4.9% yy v fcst. 5.2%
• Japan & Australia shares up 1.1%
• S&P 500 shares up 0.6% in Asia
• Spot gold a shade firmer at $1,900.8/oz.
• Brent & WTI slip 14 cents at $42.79 & $40.74 respectively

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Nigeria youth protests over police brutality continue
• Nigeria firms, which closed owing to protests, reopen
• Kenya BBI constitutional reforms proposal in focus; as key highlights emerge
• Newly formed Nigeria police tactical unit begin training
• IMF/World virtual annual meetings; 28 Sep – 22 Oct
• Ghana ruling NPP’s Akufo-Addo & NDC’s Mahama on the campaign trail
• South Africa state capture inquiry continues
• Covid-19 updates by authorities across the continent

Key African events or data releases over the weekeend & early a.m today
• Guinea votes on 3rd term for Conde amid voter-card concerns
• Nigeria police pledge ICRC training as thousands protest nationwide
• South Africa’s health minister tests positive for Covid-19
• Ivory Coast president’s supporters & opponents clash ahead of election
• Guinea military base attacked two days before presidential election
• Why are Nigerians protesting against police brutality?
• South Africa white farmers, black protesters face off over farm murder
• Foreign lawyers for ‘Hotel Rwanda’ hero say they have been denied
access to him
• ‘Dangerious rhetoric’ as Conde seeks 3rd presidential term in Guinea
• Uber launches medicines delivery service in South Africa
• Nigeria army plans nationwide exercise as protests rock country
• Zambia suspends output at copper processor after waste dam burst
• ICC delegation to visit Sudan to discuss case against Bashir
• Dreams dashed: Malawi migrants return empty-handed from South Africa
• South Africa’s coronavirus cases cross 700,000, says health ministry
• Silicon Valley payments firm Stripe buys Nigeria startup Paystack
• Zimbabwe expects inflation of 134% this year – finmin
• Dozen reported killed in clashes between Somalia govt, fighters
• New Africa-made films challenge Hollywood stereotypes
• Guinea officer killed on military base two days before presidential election
• South Africa puts public works, jobs at heart of Covid-19 recovery plan
• South Africa cannot sustain current levels of debt, Ramaphosa says
• Tanzania deploys helicopter to boost fight to douse Kilimanjaro fires
• Protesters march on Nigeria parliament after army threatens to step in
• Libya’s Tripoli govt says it holds UN-sanctioned alleged people smuggler

• Next Africa: Zambia is focus of global debt crisis
• South Africa to allow municipalities to source their own power
• Bulls lose nerve in test of emerging markets’ October resilience
• Ex-dictator’s fate hangs in balance as ICC official visits Sudan
• A mass die-off of seals in Namibia has triggered an inquiry
• New currency notes gets 1 mln Ethiopians into banking system
• Guinea holds presidential vote amid tension over 3rd term bid
• Zambia heads to showdown with bondholders
• OPEC+ faces growing pressure to change course as ministers meet
• Russia, Saudi Arabia prepared to keep energy market stable
• Congo govt proposes $7.2 bln budget for 2021
• Tanzania opposition leader backs Lissu as presidential candidate
• Nigeria protests unwavering even as govt meets demand
• US agency to support 2,500MW nuclear project in South Africa
• Zimbabwe sees economy expanding in 2021 in waning virus impact
• South Africa to find $363 mln for covid grant in current budget
• Ivory Coast president snubs opposition’s call for talks before vote
• Copper firm ordered to halt operations after Zambia waste spill
• Ethiopia targets March to complete Max crash report
• Abu Dhabi wealth fund ADQ said to pursue Bausch’s Egypt unit
• Libya’s oil output reaches 500,000 barrels a day after truce
• Mauritius stocks lag most markets as virus clears beaches
• South Africa’s Momentum, Absa agree deal to fund share program for black staff
• South Sudan currency crisis sees shops close as prices surge

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

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.