macroafricaintel Daily Brief | 2 Nov

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

Global Markets
• Dollar holds gains on US election caution, Covid-19 cases
• China’s factory activity rises to near-decade high in October: Caixin PMI
• Oil prices slump 4% on jitters over Europe lockdowns, US elections
• Brent down 4.3% at $36.32, WTI down 4.5% at $34.17 (0018GMT)
• Gold falls as dollar firms ahead of US election
• Spot gold down 0.2% at $1,873.87/oz., futures down 0.3% at $1,875 (0047GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Uganda’s Museveni accepts ruling NRM party nomination, launches manifesto
• South Africa Absa manufacturing PMI Oct-20 [prev. 58.3]
• Ghana ruling NPP’s Akufo-Addo & NDC’s Mahama on the campaign trail
• South Africa state capture inquiry continues
• Kenya’s Kenyatta meets with county governors to assess Covid-19
measures (4 Nov)
• Tanzania’s Magufuli inauguration, after re-election (5 Nov)
• South Africa’s Ramaphosa expected to address nation on Covid during the week
• Covid-19 updates by authorities across the continent

Key African events or data releases over the weekend & early a.m today
Reuters
• Ivory Coast’s Ouattara takes early lead in election
• Tanzania’s president says he will work with rivals after poll win
rejected by opponents
• Algeria voters shun referendum aimed at ending political crisis
• Ivory Coast votes for president despite pockets of unrest
• Mali’s auditor general recommends review of mining contracts
• US special forces rescue American held in Nigeria: officials
• Tanzania opposition rejects presidential election result, wants new vote
• Reports of scattered unrest as Ivory Coast holds vote
• Sudan says agrees with US on restoring sovereign immunity
• Nigeria reaches out to US, South Korea to back WTO candidate
• Kenya joins global trial of Oxford University’s Covid-19 vaccine
• Magufuli wins re-election in Tanzania, says electoral commission
• South Africa’s Eskom trims loss but warns of Covid-19 impact
• Clashes between Ethiopia states kill 27 amid border dispute
• Ivory Coast former president Gbagbo breaks silence to warn of
election ‘catastrophe’

Bloomberg
• Senegal president unveils new cabinet, retains finance chief
• Guinea ex-prime minister challenges Conde election win in court
• EM traders brace for chaos as US election looms
• South Africa police probing ex-Steinhoff CEO Jooste, Times says
• At least 5 dead in election-related clashes in Ivory Coast
• South Africa’s main opposition elects Steenhuisen as new leader
• Nigeria lifts curfew on Africa’s biggest city after protests
• US says it rescued American being held hostage in Nigeria
• Libya’s daily crude output surges to 800,000 barrels a day
• South Africa’s Comair secures new debt as lenders back rescue
• Angola’s oil company to spend $700 mln on Cabinda refinery
• Ivory Coast elects president in vote boycotted by opposition
• Algeria leaders promising a new start face deep cynicism
• Tanzania president Magufuli set for big win in disputed vote
• China says it grants more debt relief, backs G-20 coordination
• South Africa’s Eskom sees worse 2021 as utility reports third straight loss
• Ethiopia elections board wants to push delayed vote to mid-2021
• South Africa’s Steinhoff ex-CEO Jooste fined $9.9 mln for insider trading
• Nigeria says 22 police killed, 205 stations damaged in arrest
• South Africa’s main opposition party to end leadership limbo
• Ivory Coast leader’s legitimacy at stake in vote he’s set to win
• Relatives of Ethiopia 737 Max crash victims demand US records

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

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