macroafricaintel Daily Brief | 28 Oct

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

Global Markets
• Asian shares, US stock futures sag on coronavirus, US election worries
• Oil falls 2% as rise in US crude stocks fans oversupply fears
• Brent down 1.8% at $40.44, WTI down 2.3% at $38.67 (0343GMT)
• Gold steady as coronavirus, US elections uncertainty looms
• Spot gold steady at $1,906.15/oz., futures down 0.3% at
$1,907.10/oz. (0329GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Tanzania holds presidential & parliamentary elections
• South Africa’s finmin Mboweni delivers medium term budget policy statement
• Ghana’s finmin Ofori-Atta presents interim 2021 budget
• South Africa consumer inflation Sep-20 [fcst. 3.2% yy, prev. 3.1%]
• AU-backed Ethiopia GERD negotiations continue
• Ghana ruling NPP’s Akufo-Addo & NDC’s Mahama on the campaign trail
• South Africa state capture inquiry continues
• US Prosper Africa digital press briefing (29 Oct)
• Ivory Coast holds general elections (31 Oct)
• South Africa M3 Sep-20 [fcst. 11.8% yy, prev. 10.9%] (29 Oct)
• South Africa PSCE Sep-20 [fcst. 4.2% yy, prev. 3.9%] (29 Oct)
• South Africa producer inflation Sep-20 [fcst. 2.4% yy, prev. 2.4%] (29 Oct)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Tanzania president Magufuli aims for 2nd term as polls open
• US state dept confirms kidnapping of US citizen in Niger
• ‘I was going to die there’: Nigeria’s Lagos panel begins hearing
police brutality claims
• Nigeria judge throws out case against 47 men facing homosexuality charge
• Elaborate Somalia insurgent tax system collects almost as much as govt
• US citizen kidnapped in southern Niger, sources say
• Uneven recovery prospects for Africa’s major economies: Reuters poll
• ‘Perfect storm’: How Nigeria’s peaceful police protests turned violent
• Climate change poses growing threats to vulnerable Africa, UN says
• Head of Sudan’s ruling council defends deal for ties with Israel

Bloomberg
• Mboweni’s tough South Africa budget task laid out in charts
• Libya to release Russians charged with vote meddling
• Zimbabwe seeks to bar citizens talking to foreign govts
• Ivory Coast president in near empty race as rivals boycott elections
• South Africa ex-security minister issued new warrant of arrest
• Nigeria panel to probe police brutality starts in commercial hub
• South Africa opposition wins court battle for control of capital
• Egypt, Sudan insist on binding deal for Ethiopia dam
• WTO race enters final stretch with Okonjo-Iweala gaining a big boost
• Citigroup chasing growth in emerging markets as rivals retreat
• Wary South Africa stock investors look to budget for action
• Ethiopia upbeat on resolving dam feud with Egypt, Sudan
• Biggest Nigeria bank starts first fund for protest-hit firms
• The president who’s eroding Tanzania’s tolerance seeks new term
• Nigerian wins EU support for WTO bid as US backs Korean rival

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