macroafricaintel Daily Brief | 17 Dec

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

Global Markets
• Stocks and oil soar, dollar sinks as stimulus beckons
• Congress nears $900 bln aid bill as deadline looms
• Fed vows to buy bonds until it sees ‘substantial progress’ in economic recovery
• Oil prices hit 9-mth high after US crude stock draw
• Brent up 0.9% at $51.53, WTI up nearly 1% at $48.28 (0436GMT)
• Gold edges higher as US stimulus progress dents dollar
• Spot gold up 0.3% at $1,869.36/oz., futures up 0.7% at $1,871.60 (0600GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Nigeria reopens land borders
• Kenya’s senate decides impeached Nairobi county governor Sonko’s fate
• African insurance awards 2020 virtual ceremony (18 Dec)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Families of kidnapped Nigeria boys fear time running out
• Sudan says officers ambushed by Ethiopia ‘forces & militias’ during patrol
• US charges Kenya militant with researching 9/11-style airplane hijacking
• Nigeria to immediately reopen four land border crossing points
• Exclusive – Suspected China hackers stole camera footage from AU – memo
• DR Congo to impose curfew against 2nd wave of coronavirus
• Somalia’s opposition urges Turkey not to send arms to police unit
• Egypt says UAE joins East Mediterranean gas forum as an observer
• EU delays 90 mln euros in aid to Ethiopia over Tigray crisis, document shows
• Militant attacks force 570,000 to flee homes in northern Mozambique, president says
• Morocco central bank holds benchmark interest rate steady at 1.5%

Bloomberg
• South Africa Eskom bailout emerging as equity swap by biggest bondholder
• Netflix names Zimbabwe telecom billionaire to board as part of Africa growth push
• US Mnuchin plans final overseas trip with Egypt, Qatar on itinerary
• Kenya national was training for 9/11 style hijacking, prosecutors say
• Zimbabwe central bank to sell gold unit stake to lift compliance
• Nigeria orders mobile users to link phones to ID numbers
• Ramaphosa foe faces perjury charges in South Africa court
• Mozambique weighs help to fight insurgents in gas-rich north
• Ghana GDP contracts for a 2nd quarter as industry stalls
• Libya central bank board approves new official FX rate
• Divided on politics, Libya rivals find economic middle ground
• Kenya to open consulate in breakaway Somali region’s capital

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

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