macroafricaintel Daily Brief | 5 Nov

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

Global Markets
• Biden approaches 270 as Trump sues to stop count
• Investors welcome US election gridlock, retreat from ‘blue wave’ bets
• Asia shares follow Wall Street higher on US gridlock bets
• Oil down 1% as US dollar firms on bets of split White House, Senate
• Brent &WTI down 1% at $40.82 & $38.75 respectively (0141GMT)
• Gold steady as investors eye US election outcome
• Spot gold little changed at $1,904.66/oz., futures up 0.5% at
$1,905.50/oz. (0111GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Ghana election & security chiefs answer questions in parliament over polls preparedness
• Tanzania’s Magufuli inauguration, after re-election
• South Africa’s Ramaphosa chairs inaugural meeting of SOEs council
• Results of US presidential elections awaited
• Nigeria’s Lagos judicial panel inquiry on SARS continues
• Harrassment of opposition in Zimbabwe, Tanzania, Guinea & Ivory Coast in focus; rising risk of civil war in Ethiopia also
• Ghana ruling NPP’s Akufo-Addo & NDC’s Mahama on the campaign trail
• South Africa state capture inquiry continues
• 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
• Ex-rebel calls on Ivory Coast army to mutiny, join opposition
• Ivory Coast police surround opposition leaders’ houses
• Police brutality activist says she was barred from leaving Nigeria
• Ivory Coast & Guinea election crises spur fears of prolonged unrest
• Kenya extends Covid-19 night curfew to Jan.3
• Ethiopia sends army into opposition Tigray region, heavy fighting reported
• South Africa commission condemns killing of activist who opposed coal mine
• Eleven Cameroon teachers kidnapped in region ravaged by insurgency
• Netflix to debut its first Egypt original series ‘Paranormal’
• Malawi says it will open Israel embassy in Jerusalem
• Over 40 feared dead after boat carrying Mozambique conflict victims sinks
• Zimbabwe police again arrest journalist critical of govt

Bloomberg
• Red Falcon, missiles prioritized for South Africa defense needs
• Botswana wants Angola’s exiled elephants to return home
• France urges political dialogue in Ivory Coast following vote
• Kenya suspends political rallies after ‘most tragic’ virus month
• Renewable energy drive threatens 120,000 South Africa jobs
• Old Mutual sees too much bad news priced into South Africa stocks
• Top Nigeria bank sued for blocking account linked to protesters
• South Africa stocks erase gains as tight US vote hits rand
• Ethiopia prime minister orders army to respond to Tigray attacks
• Lawyer accused of bribery in ICC Kenya case is in detention

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

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