macroafricaintel Daily Brief | 4 Dec

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

Global Markets
• Asian shares vault to record high as US stimulus seen within reach
• Biden says he has asked Dr. Fauci to join covid-19 team
• US expected to report slowest job growth in 6 mths
• Dollar weakening expected to last into 2021 as risky bets remain
• Oil prices jump after OPEC+ inks supply compromise
• Brent up 2.1% at $49.75, WTI up 1.8% at $46.48 (0555GMT)
• Gold set for weekly gain as US stimulus hopes dent dollar
• Spot gold little changed at $1,840.75/oz., futures up 0.2% at
$1,844.10 (0528GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• AU hosts AfCFTA business forum
• AU chair Ramaphosa presides over UN high-level debate on UN-AU cooperation
• Nigeria’s central bank kicks off new policy on easing diaspora remittances
• Ghana ruling NPP’s Akufo-Addo & NDC’s Mahama in final campaign push
• 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
• Ivory Coast cocoa farmers threaten to boycott industry sustainability programs
• As Cameroon prepares first regional election on Sunday, opponents
say it’s too late
• CAR court rejects ex-president Bozize’s candidacy
• Aid coming to north Ethiopia, refugees recount war suffering
• South Africa gives national airline $98 mln, but administrators can’t use it
• UN panel says South Sudan blocking its missions to violence-hit areas
• Liberia rebel commander shouts out at start of Swiss trial for
cannibalism, rape
• Nigeria oilfield sale to Eni, Shell was legally ‘perfect’, say
ex-oil minister lawyer
• Africa foresees 60% of people vaccinated against covid in 2-3 years
• Eyes on female VP candidate as Ghana heads to the polls

Bloomberg
• South Africa: Africa’s top pension fund backs scandal-plagued money manager
• Land Bank creditor urges South Africa to speed up rescue efforts
• Ramaphosa reinstates restrictions in South Africa virus hotspot
• Ivory Coast farmers threaten to boycott programs in price spat
• Pandemic pushed 32 mln people into extreme poverty, UN says
• South Africa funds for airline breach rules, administrators say
• South Africa seeks $400 mln from buyer from stake in airline

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

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