macroafricaintel Daily Brief | 30 Dec

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

Global Markets
• US detects first known case of covid variant as Biden offers bleak vaccine outlook
• Investment banking from home thrived under covid-19, but some fear losing their touch
• Asian shares hit record high as investors bet on recovery next year
• Oil up on hopes of recovery in demand, lower US inventories
• Brent up 0.4% at $51.28, WTI up 0.6% at $48.29 (0255GMT)
• Dollar lifts gold amid worries over US stimulus delay
• Spot gold up 0.3% at $1,883.88/oz., futures up 0.2% at $1,887.40 (0313GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Holiday week 2
• Ghana opposition NDC’s Mahama files presidential election petition at supreme court
• South Africa’s Eskom implements loadshedding [from 10pm SA time]
• Vote-counting & results collation in 27 Dec. Niger & CAR elections
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• UN rights experts urge Uganda to halt pre-election violence, arrests
• Ghana opposition to challenge presidential election loss
• Niger ruling party candidate Bazoum leads early presidential results
• 3 France soldiers killed in Mali on Monday – Elysee
• Zimbabwe bans use of mercury in mining
• Violence closed 800 polling stations in CAR
• Burkina Faso President Kabore vows reconciliation during 2nd term

Bloomberg
• South Africa: Africa’s virus capital risks becoming vaccine laggard
• Mozambique insurgents stage closest attack yet to Total LNG site
• 6 firms submit applications for South Africa spectrum auction
• US foreign policy hits a crossroads in the Sahara
• Nigeria stocks head for best annual run since 2013
• China is struggling to get the world to trust its vaccines
• Zimbabwe bans use of mercury in mining, Herald says

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

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