macroafricaintel Daily Brief | 13 Oct

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

Global Markets
• Asian stocks set to rise as tech, stimulus hopes fuel global rally
• S&P 500 E-mini futures up 0.01%
• DXY down 0.08%, euro flat at $1.1813
• Pan-European STOXX 600 up 0.7%
• MSCI global shares up 0.01%
• Brent up 2 cents at $41.74, WTI up 1 cent at $39.44 (0117GMT)
• Spot gold down 0.1% at $1,919.51/oz., futures down 0.3% at $1,923/oz.

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Nigeria’s finance minister Ahmed briefing on 2021 budget proposal
• Eritrea’s Afwerki visits Ethiopia; 12-14 Oct
• South Africa mining production Aug-20 [act. -6.2% yy, prev. -9.1%]
• IMF/World virtual annual meetings
• 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
• South Africa retail sales Aug-20 [act. -11.1% yy, prev. -9.0%] (14 Oct)
• South Africa’s Ramaphosa presents economic recovery plan to
parliament (15 Oct)

Key African events or data releases yesterday & early a.m today
Reuters
• Nigeria’s Buhari promises police reform; one protester killed
• Nigeria’s police disbands controversial anti-robbery squad after protests
• South Africa’s Ramaphosa warns against using farm murders to stoke
racial hatred
• Hundreds battle to contain fire on slopes of Tanzania’s Kilimanjaro
• Stung by the pandemic, Ethiopia boosts health budget 46%, PM says
• Pandemic adds to war in keeping Libya children out of school
• Malnutrition stalks Congo’s overcrowded prisons
• Kenya supplier dropped by Tesco calls for probe into allegations
• South Sudan families displaced by fighting forced out again by floods

Bloomberg
• South Africa won’t meet debt targets, president’s council says
• South Africa’s Ramaphosa rejects claim farm killings are orchestrated
• Ethiopia plans more control measures to combat new locust swarms
• South Africa’s FirstRand starts new bonus system for managers stung
by pandemic

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

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