macroafricaintel Daily Brief | 24 Dec

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

Global Markets
• Defying Congress, Trump vetoes defense bill, threatens govt shutdown
• Asian stocks and pound cheer Brexit, Alibaba slumps on monopoly probe
• Oil rises on US inventory draw, Brexit deal hopes
• Brent up 0.4% at $51.40, WTI up 0.4% at $48.30 (0124GMT)
• Gold firms on weaker dollar, US stimulus bets
• Spot gold up 0.2% at $1,875.61/oz., futures up 0.2% at $1,881.20 (0316GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Holiday week
• Elections in Niger & Central African Republic (27 Dec)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Powerful business lobby replaces ally of ex-Congo president Kabila
• Over 100 people killed in attack in Ethiopia’s Benishangul-Gumuz region – state rights commission
• Police detain Uganda human rights lawyer ahead of vote
• Mutated coronavirus variant from South Africa found in UK, health minister says
• Swiss to resume flights for stranded Britons & South Africans to go home
• Fearing violence, shops shut, people hunker down before CAR vote
• Malawi closes borders again following coronavirus resurgence
• Africa needs about $9 bln for covid-19 vaccines, access is big problem – Afreximbank
• Insider Bazoum emerges as likely winner in Niger’s first democratic transfer of power
• DP World to build new port in Senegal costing over $1 bln
• Guatemala bans travelers from UK, South Africa on coronavirus concerns
• Ghana, Kenya & Nigeria to tap markets in 2021 as frontier debt springs back to life
• Tunisia says it does not intend to normalise relations with Israel

Bloomberg
• More than 100 people killed in Western Ethiopia in latest attack
• Israel & Morocco sign deal to promote financial collaboration
• Two shot dead as Zambia police break up opposition gathering
• Morocco’s plan to repay IMF credit hints at economic turnaround
• Opera’s Opay eyes North Africa after breaking-even in Nigeria
• DP World to invest $1 bln to develop new port in Senegal
• South Africa stocks fall as weak miners eclipse rising banks
• Biggest Nigeria pension fund manager has plan to help the naira
• South Africa petroleum lobby seeks competition act exemptions

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

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