macroafricaintel Daily Brief | 16 Dec

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

Global Markets
• Fed faces tricky act balancing impact of vaccines against economic pain
• Asia stocks climb on vaccine, US stimulus optimism; dollar skids
• MSCI chops China firms from global indexes, but will keep them elsewhere
• Oil prices ease on surprise build in US inventory, demand worries
• Brent down 0.2% at $50.65, WTI down 0.2% at $47.53 (0421GMT)
• Gold scales 1-wk high on US stimulus bets, Fed decision awaited
• Spot gold up 0.1% at $1,855.71/oz., futures up 0.3% at $1,860.30 (0323GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Nigeria’s Buhari cabinet meets for 1st time since Katsina students abduction by terrorists [VP Osinbajo to preside]
• South Africa’s Ramaphosa delivers keynote on national day of reconciliation
• AfDB’s Adesina participates in Conference of Montreal on “sustainable recovery for people and planet”
• African insurance awards 2020 virtual ceremony (18 Dec)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• UN chief proposes new envoys to mediate Libya, Mideast
• Nigeria’s Boko Haram behind schoolboys’ abduction – audio message
• US condemns abduction of Nigeria schoolboys, looking into Boko Haram claim of responsibility
• France & Russia trolls wrestle for influence in Africa, Facebook says
• Morocco rebuffs EU request to re-admit third-country migrants
• Guinea President Conde vows to tackle corruption during third term
• Somalia cuts ties with Kenya, shots fired at Mogadishu protests
• South Africa’s Magashule should step aside, party committee says
• Saudi detain hundreds of African migratns in squalid conditions, HRW says
• Ten years on, anger grows in Tunisia town where ‘Arab Spring’ began

Bloomberg
• South Africa’s biggest energy refinancing deal cuts power costs
• Guinea President Conde vows to fight graft as third term begins
• South Africa court backs cancellation of govt’s pay deal
• Nigeria state says 16 kidnapped boys rescued by security agents
• Kushner to travel to Israel, Morocco to mark diplomatic deal
• Uganda seeks to block YouTube accounts linked to pop star
• Covid causes shortage of psychiatric drugs in South Africa
• US to help Sudan clear World Bank arrears with $1 bln loan
• OPEC’s president says oil cartel cannot rush output increases
• Africa trade deal could tap $84 bln in export opportunities
• Nigeria inflation at highest in almost 3 years on food costs
• De Beers buys another year to strike diamond deal with Botswana
• South Africa’s ruling party recommends Ramaphosa rival step down
• Somalia cuts diplomatic ties with Kenya, citing interference
• South Africa’s 85-mth downward cycle linger with new rules
• Southern Africa may fight Mozambique militants, NewsDay reports
• South Africa stocks drift lower with Covid-19 curbs in focus

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

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