macroafricaintel Daily Brief | 22 Oct

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

Global Markets
• Asian shares drop as US stimulus talks drag on
• MSCI Asia ex-Japan shares down 0.6%, Nikkei down 0.7%
• Australia shares up 0.6%, Chinese blue chips down 1.1%
• Oil slips on weaker demand outlook after US gasoline stocks build
• Brent down 0.5% at $41.52, WTI down 0.7% at $39.76 (0328GMT)
• Gold retreats as dollar gains, US stimulus hopes wane
• Spot gold down 0.6% at $1,913.45/oz., futures down 0.7% at $1,916 (0343GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• IMF SSA economic outlook briefing
• Bank of Uganda decides on interest rates [fcst. 7.0%, prev. 7.0%]
• Nigeria businesses in Lagos close, following week-long curfew order
• 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
• Nigeria soldiers fire at protesters, at least two hit: witnesses
• Fires burn in Lagos after Nigeria soldiers shoot anti-police protesters
• Guinea president retains election lead as protests turn deadly
• Congo leader boosts influence with new constitutional court judges
• ECOWAS urges Nigeria security forces to ‘exercise restraint’ in
handling protests: statement
• UK calls for an end to violence in Nigeria
• Rwanda genocide suspect Kabuga to be sent to Hague pending trial
• Nigeria’s Lagos governor says one dead after shooting
• Egypt upgrades visitor experience at Giza pyramids site
• Man Utd’s Ighalo slams Nigeria govt after soldiers fire at protesters
• Ex-Burundi president gets prison term for 1993 killing of victorious
election opponent
• ICC prosecutor says Bashir & other suspects must face justice over Darfur
• Anglo American’s South Africa unit faces class action over Zambia
lead poisoning
• Kenya documentary spotlights activist torn between family and the struggle
• Rise of Covid-19 resurgence in South Africa as cases rise in Cape Town
• UN acting Libya envoy ‘optimistic’ on ceasefire talks
• South Africa pays $3 bln in pandemic-related jobless claims since March
• Intensive care units in Tunisia state hospitals reach 80% of capacity
• Nigeria’s Lagos locked down after protests fired on, president urges calm
• Nigeria president appeals for calm after soldiers fire at protesters
• Guinea President Conde ahead of rivals in election
• Exclusive: Process to elect ICC war crimes prosecutor stalls amid US sanctions
• Nigeria’s battered farmers to get $20 mln to aid crop output

Bloomberg
• Zimbabwe’s measures to stabilize the country’s currency are finally paying off
• At least 56 people died in Nigeria in 2 weeks of protests against
police brutality
• The EU removes Canada, Tunisia and Georgia from its list of
countries whose residents are allowed to visit
• Mozambique seeks extradition of ex-Credit Suisse staff: Noticias
• Anglo American sued for lead poisoning in Zambia mining town
• Africa’s biggest fiber-network company opts for solar to cut power costs
• Kenya proposes prime minister post in overhaul of govt
• Protectionism in Africa raises concern over continent’s free trade deal
• Tullow jumps after Uganda approves $575 mln stake sale
• Libya rivals agree to extend truce as peace talks inch forward
• South Africa stocks miss out on stimulus rally as heavyweights fall
• South Africa cleans oil spill as Transnet fights pipeline theft
• Second-biggest Morocco bnak weighs stake sale in pivot to Asia
• Europe will back Nigeria’s WTO candidate: Brussels Edition
• US Trump is making Sudan’s comeback harder
• South Africa moves to soothe investor fears over land grabs

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

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