macroafricaintel Daily Brief | 4 Nov

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

Global Markets
• Trump & Biden split first states to be called as US polls begin to close
• Asian shares turn skittish as early results show tight election
• Investors bet US stocks swings will calm down after election day
• Oil climbs as US stockpiles shrink, but election uncertainty looms over market
• Brent up 1.6% at $40.35, WTI up 1.9% at $38.37 (0157GMT)
• Gold steadies as investors eye US election results
• Spot gold little changed at $1,906.71/oz., futures up 0.1% at
$1,911.60/oz. (0045GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Results of US presidential elections awaited [Concerns about disruptions appear to have been mistaken thus far]
• Nigeria’s Lagos judicial panel on SARS continues evidence-hearing on
Lekki shooting
• Kenya’s Kenyatta meets county governors to assess Covid-19 measures
• IHS Markit releases Africa PMIs for Oct-20
• Ghana ruling NPP’s Akufo-Addo & NDC’s Mahama on the campaign trail
• South Africa state capture inquiry continues
• Tanzania’s Magufuli inauguration, after re-election (5 Nov)
• South Africa’s Ramaphosa expected to address nation on Covid during the week
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Eleven Cameroon teachers kidnapped in region ravaged by insurgency
• Over 40 feared dead after boat carrying Mozambique conflict victims sinks
• Zimbabwe police again arrest journalist critical of govt
• South Africa commission condemns killing of activist who opposed coal mine
• Ivory Coast’s Ouattara wins re-election with 94.27% vote
• Kenya blind students struggle with social distancing as schools re-open
• Uganda opposition presidential candidate Bobi Wine arrested, police
rout protesters
• Ivory Coast police surround opposition leaders’ houses
• Tanzania police arrest opposition leader after visiting colleagues in custody
• Scorned by Trump, many Nigerians love him all the same
• Uganda’s Museveni warns off disruptors as he starts bid for another term
• South Africa’s Aspen agrees initial deal to make J&J vaccine candidate
• Ivory Coast president scores landslide win, opposition cries foul
• Gunmen kill 32, burn houses in attack in Ethiopia – administrator
• Nigeria minister says it’s unclear who shot protesters in Lagos

Bloomberg
• Ethiopia prime minister orders army to respond to Tigray attacks
• Lawyer accused of bribery in ICC Kenya case is in detention
• WHO, nations’ covid response hampered by politics, reviewer says
• Algeria president diagnosed with coronavirus, Ennahar reports
• Bond investors reap Ivory Coast returns despite election strife
• Tanzania opposition vow to protest election loss despite arrests
• Ghana parliament to review gold royalties IPO deal after probe
• Kenya in talks with IMF for fund arrangement, lender says
• Berkshire-backed Teraco plans $250 mln Africa data centre
• Uganda pop star cleared to challenge Museveni for presidency
• South Africa’s Old Mutual CEO reboots strategy after bust-up with predecessor
• South Africa’s Northam in talks to accelerate buyout of black investors’ stake
• Ethiopia says militants killed 32 people in Oromia region
• Ivory Coast’s Ouattara secures third term, opposition cries foul
• Saudi, Egypt business activity improves but UAE is dealt setback
• Mozambique gets $116 mln budget support as EU resumes aid

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

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