macroafricaintel Daily Brief | 20 Oct

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica
Global Markets
• Asian stocks dip as US political concerns grow
• MSCI Asia ex-Japan shares down 0.1%
• Australia & Japan shares down as well
• Nikkei slips 0.3%, Hang Seng up 0.2%
• Netflix & Tesla et al. earnings results awaited
• Spot gold down 0.2% at $1,901.16/oz., futures down 0.3% at
$1,905.20/oz. (0335GMT)
• Brent down 0.8% at $42.30, WTI down 0.6% at $40.57 (0418GMT)
Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Kenya Mashujaa Day [BBI constitutional reforms proposal expected to
be key highlights of Kenyatta speech in Kisii]
• Bank of Namibia decides interest rates [fcst. 3.5%, prev. 3.75%]
• Guinea presidential election vote-counting; provisional results
expected on Wednesday [Opposition already claiming victory]
• Nigeria youth protests over police brutality continue
• Corporate Council on Africa hosts US-Ethiopia investment dialogue
• Afreximbank hosts 4th Babacar Ndiaye lecture
• Re-opened Nigeria firms, which closed last week owing to protests,
may close again [Most workers & customers unable to commute, after
transport system held hostage by protesters]
• Nigeria army begin annual military exercises
• IMF/World virtual annual meetings; 28 Sep – 22 Oct
• 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
Key African events or data releases yesterday & early a.m today
Reuters
• Guinea opposition candidate claims victory, violence erupts
• Millenials get little satisfaction from democracy: Cambridge study
• Nigeria anti-police protesters must enter dialogue, minister says
• One killed as pre-election protests spread in Ivory Coast
• With Instagram, hashtags & bitcoin, young Nigerians boost anti-police protests
• Tunisia PM orders nationwide curfew over pandemic
• Ethiopia’s economy grew 6.1% in the 2019/20 fiscal year – prime minister
• Nigeria police pledge ICRC training as thousands protest nationwide
• Sudan’s premier backs demands for justice as ICC prosecutor visits
Bloomberg
• Trump removes Sudan from state of sponsor of terrorism list
• Guinea ex-premier claims election win before official results
• Zambia debt-relief vote sets tone for stormy restructuring
• Child labour worsened on West Africa cocoa farms, study shows
• Nigeria venture plans to raise $1.2 bln to plug power gap
• South Africa track record bodes ill for investment drive
• ADQ to back Lulu’s expansion in Egypt with $1 bln investment
N.B. Full stories of above headlines are available on Reuters & Bloomberg

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s