macroafricaintel Daily Brief | 13 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia shares touch new 19-mth highs ahead of US-China trade deal
  • Asia shares ex-Japan up 0.47%; Tokyo on holiday
  • US & China due to sign trade deal on Wednesday
  • Sentiment cautious after wild swings last week
  • China economic data due Friday in focus

Oil Markets

  • Oil dips on easing US-Iran tensions, eyes on China trade deal
  • Brent down 0.2% at $64.85 per barrel (0120GMT)
  • WTI down 0.2% at $58.95

Precious metals

  • Gold dips on Sino-US trade optimism, firm dollar
  • Spot gold down 0.4% at $1,555.76/oz. (0131GMT)
  • US gold futures down 0.2% at $1,556.30/oz.


  • Soybeans firm as US-China trade deal signing day nears
  • Soybean futures up 0.2% at $9.47-3/4 a bushel (0149GMT)
  • Corn futures up 0.5% at $3.87-1/2 a bushel
  • Wheat futures down 0.2% at $5.63-1/4 a bushel

Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji]

  • Sahel G5 leaders to meet Macron in France
  • Egypt, Ethiopia & Sudan meet over Nile dam in Washington DC
  • China’s foreign minister Wang Yi in Zimbabwe; already visited Egypt & Djibouti in Africa tour (7-13 Jan), Eritrea & Burundi also on itinerary
  • Rwanda’s Kagame in Abu Dhabi for Abu Dhabi Sustainability Week
  • Guinea-Bissau’s president-elect Emballo expected in The Gambia
  • Egypt & Sudan start joint 50MW electricity grid (12 Jan)
  • Ethiopia’s Abiy state visit to South Africa (11-12 Jan)

Key African events or data releases over the weekend & early a.m today

  • Guinea-Bissau Supreme Court rejects challenge to presidential election result
  • Ethiopian PM Abiy expects parliamentary election in May or June
  • Libya ceasefire call brings lull in heavy fighting
  • Both sides accuse each other of violating ceasefire in Libya
  • Equatorial Guinea to add 20,000 bpd of oil production this year
  • Libyan forces loyal to Haftar announce ceasefire, GNA agrees to truce
  • Niger army base attack death toll rises to at least 89 – security sources
  • German chancellor Merkel says Berlin will host Libya peace talks
  • Russia’s Putin: Russians fighting in Libya do not represent the state
  • Tunisia parliament rejects govt, coalition building must restart
  • Member of Kenya’s Akasha organization sentenced to 23 years in prison in US
  • Chairman of South Africa’s Eskom quits after holiday power cuts
  • Nigeria revokes $2 bln tax case against telecoms firm MTN
  • Interim chair for South Africa’s Eskom to be announced in due course – president
  • Zimbabwe public workers reject govt offer to double pay
  • Africa Oil – Angolan cargoes sell, tender results emerge
  • Niger sets new offensive against militants after 25 soldiers killed
  • I’m a scapegoat: Angola’s Isabel dos Santos decries corruption ‘witch hunt’
  • Congo ethnic killings may amount to crimes against humanity – UN
  • Kenya warns locust swarm is spreading, threatening food security
  • Turkey aims to sign deal with Libya over Gaddafi-era compensation
  • Egypt, Ethiopia, Sudan deadlocked over giant Nile dam, look to Washington talks
  • Kenya’s tourism earnings, arrivals rise in 2019
  • South Africa’s Eskom scales back power cuts, system still vulnerable

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

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