macroafricaintel Daily Brief | 3 Nov

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

Global Markets
• In final pre-election push, Biden & Trump also gird for court battle
• Asia shares hold firm, shrug off US election jitters
• Oil falls as Covid-19 cases soar, Libya output jumps
• Brent down 0.4% at $38.82, WTI down 0.2% at $36.75 (0159GMT)
• Gold steady as investors brace for US elections
• Spot gold little changed at $1,892.51/oz., futures as well at
$1,893/oz. (0123GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• US holds presidential elections [Concerns about Trump not conceding if he loses are overblown]
• Nigeria’s Lagos judicial panel on SARS hears evidence on Lekki shooting
• South Africa’s Ramaphosa addresses Infrastructure South Africa event
• Kenya’s Kenyatta meets MPs on BBI at Naivasha
• Ghana ruling NPP’s Akufo-Addo & NDC’s Mahama on the campaign trail
• South Africa state capture inquiry continues
• Kenya’s Kenyatta meets 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 yesterday & early a.m today
Reuters
• France forces neutralized over 50 militants in Mali, says defence minister
• Ivory Coast president on track election win, opposition cries foul
• Nigeria minister says it’s unclear who shot protesters in Lagos
• Gunmen kill 32, burn houses in attack in Ethiopia: administrator
• Tanzania arrests opposition leaders, foiling post-election protests
• Uganda’s Museveni warns off disruptors as he starts bid for another term
• Lawyer surrenders, accused of bribing witnesses in ICC case against Kenya VP
• AngloGold Ashanti doubles dividend payouts as profits, cash soar
• Tanzania’s President John Magufuli says to work with rivals after tainted poll
• Tanzania police arrest main opposition party leader ahead of protests
• Ivory Coast’s Ouattara takes early lead in election
• Algeria voters shun referendum aimed at ending political crisis

Bloomberg
• Mozambique gets $116 mln budget support as EU resumes aid
• Nigeria insurers face record claims as protest costs mount
• OPEC boosts output even as new virus wave sends oil crashing
• South Africa begins talks to regulate key minibus taxi industry
• Russia discusses option of delaying OPEC+ cuts taper by 3 months
• Algeria passes constitutional changes few voted for
• Egypt warns of repercussions of ignoring virus safety measures
• Nigeria forces surround southern oil town after soldiers killed
• Uganda President Museveni is cleared to extend his 34-year rule
• Algerians rebuke govt with record low referendum turnout
• South Africa factory sentiment jumps to record high on demand
• South Africa’s Aspen agrees vaccine manufacturing deal with Johnson & Johnson

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

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