macroafricaintel Daily Brief | 18 Dec

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

Global Markets
• Asia shares retreat from record, but US stimulus hopes buoy market mood
• Macron tests positive for covid-19, European leaders rush for tests
• Oil retreats from 9-mth high as covid-19 surge stokes demand fears
• Brent down 0.5% at $51.24, WTI down 0.4% at $48.19 (0513GMT)
• Gold set for third weekly gain as traders eye US fiscal support
• Spot gold down 0.1% at $1,884.41/oz., futures down 0.1% at $1,889.40 (0531GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• African insurance awards 2020 virtual ceremony
• Nigeria senate passes 2021 budget (21 Dec)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Nigeria security forces rescue more than 300 schoolboys kidnapped by gunmen
• MTN could complete Nigeria sim card order within 6 mths – executive
• 2nd covid-19 wave hits West & Central Africa as weather cools
• Fishermen detained in eastern Libya have been freed – Italy
• UN agency seeks extra $204 mln for Zimbabwe as hunger bites
• Inside a military base in Ethiopia’s Tigray: soldiers decry betrayal by former comrades
• Zambia president calls for bigger state role in mines
• Zimbabwe c.bank to form new gold refining unit, sell shares to miners
• Nigeria expects to get its first covid-19 vaccine doses in January
• Somalia’s opposition urges Turkey not to send arms to police unit
• Sudan says officers ambuhed by Ethiopia ‘forces and militias’ during patrol
• Families of kidnapped Nigeria boys fear time running out
• Anger grows over security in northern Nigeria after kidnaps
• Drugmakers should cut covid-19 vaccine prices for Africa – Africa CDC
• Video purportedly released by Boko Haram claims to show kidnapped Nigeria schoolboys
• UN security council to talk Western Sahara after Trump policy switch

Bloomberg
• Ethiopia’s future hinges on a leader who’s brought peace – and conflict
• South Africa misses covax deadline to secure vaccines
• South Africa’s Eskom bailout emerging as equity swap by biggest bondholder
• Nigeria says 344 students kidnapped last week have been released
• South Africa misses covax deadline to secure vaccines
• WFP seeks $204 mln to provide food relief to Zimbabwe
• Boko Haram video shows seized schoolboys in a forest
• Finding new interest, Egypt readies to resume state firm IPOs
• Laggard South Africa bonds may get seasonal boost at year-end
• Huawei eyes Ethiopia growth as telecoms industry opens up
• Abu Dhabi oil giant mulls stake in Egypt’s first army firm offer
• Nigeria reopens borders after 16-mth shutdown raised prices
• New locust swarms in Africa, Yemen prompt UN appeal for funds
• Italy should hold Egypt to account for student’s killing

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

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