macroafricaintel Daily Brief | 20 Jan

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

Global Markets

  • Asia shares inch higher as US markets holiday
  • Oil prices climb on Libyan supply concerns
  • Dollar firm as US economy outperforms
  • Eyes on US earnings, Netflix to report on

Oil Markets

  • Oil jumps to highest in more than a week after Libyan shutdowns
  • Brent up 1.1% at $65.59 a barrel (0331GMT)
  • WTI up 1% at $59.12

Precious metals

  • Gold prices rangebound as strong US data fuels risk-on sentiment
  • Spot gold up 0.1% at $1,558.47/oz. (0134GMT)
  • US gold futures down 0.1% at $1,558.10/oz.

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

  • UK-Africa investment summit in London
  • South Africa ruling ANC executives meet; 19-20 Jan
  • Nigeria supreme court to rule on gubernatorial appeals
  • Ghana’s NPP parliamentary & presidential nominations open
  • South Africa state capture inquiry resumes

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

  • Australia’s FAR takes final investment decision for Senegal’s first oil project
  • As Brexit nears, UK’s Johnson pushes for deeper trade ties with Africa
  • Gargash says UAE supports Berlin conference on Libya – tweet
  • Pompeo sees progress towards ceasefire in Libya at Berlin summit
  • Libya’s oil output to drop to 72,000 bpd in a few days – NOC
  • Libya summit in Berlin brough “little step forward” – Russia’s Lavrov
  • Berlin summit on Libya did not discuss any sanctions – Merkel
  • Italy ready to play leading role in monitoring Libya peace – PM Conte
  • UN chief says he is very worried that oil ports, oilfield shut in Libya
  • South Africa tries to secure funding for struggling SAA
  • Libya summit in Berlin agrees to strengthen arms embargo – Merkel
  • Southern Libyan oil fields face closure as pipeline blockaded
  • France’s Macron says presence of foreign fighters in Libya must end immediately
  • South African union angered by Telkom’s proposed job cuts
  • Turkey’s Erdogan urges Libya’s Haftar to end aggressive stance
  • Putin: Don’t lose hope that Libya conflict will be solved
  • Qatar condemns storming of Libya’s eastern Zueitina port
  • Ivory Coast rules that presidential candidate Soro can face trial
  • Africa Crude – Nigerian OSPs, programmes emerge
  • South African stocks hit near 7-mth highs, led by Richemont, miners
  • Burundi’s mass graves reopen old wounds
  • Nigeria’s debt rose to 26.2 trln naira as of Sept – debt office
  • Nigeria to issue 150 bln naira worth of sukuk this year
  • Nigeria’s lender Access acquires Kenya’s Transnational Bank
  • Nigeria’s Access Bank eyes African expansion after Kenyan acquisition – spokesman
  • ENI’s Agogo oilfield in Angola begins output at 10,000 bpd
  • South Africa’s rand edges up after surprise rate cut
  • Kenya shilling firms on horticulture inflows, remittances
  • Nigeria inflation climbs for fourth month as prices rise across board
  • Foreign investors bought less Nigeria bonds last year – debt office
  • Foreign powers back Libya ceasefire as commander’s forces choke oil flows
  • Rwanda GDP to grow 8% in 2020 – IMF
  • South African retailers TFG and Mr Price lure holiday shoppers with discounts
  • Guinea-Bissau Supreme Court calls for clarification of presidential vote result
  • Eastern Libyan forces commander Haftar arrives in Berlin for summit
  • Car bomb hits Turkish contractors, police near Somalia capital, six wounded – police
  • Nigeria producing 1.774 mln barrels of crude per day – minister
  • Mali’s new mining code sets “stability period” at 20 years
  • Locust plague devastates crops in Horn of Africa
  • Mozambique’s do Rosario stays on as prime minister in trimmed cabinet
  • Iceland’s Samherji exiting Namibia following bribery scandal
  • UK seeks to confiscate convicted Nigerian politician’s loot
  • Portugese court rules against dos Santos over tweets she calls slander
  • Amid Kenya power struggle, IMF says investment programme in crisis
  • Tanzania’s shilling to weaken, Uganda’s currency to be steady
  • IEA says oil stocks, non-OPEC output to buffer market from shocks
  • Can ‘Made in Africa’ cigars compete with Cuba?
  • Nigeria to talk to concessionary lenders about $2.8 bln borrowing: debt office
  • Angola’s dos Santos moots presidency run despite charges
  • Libya’s Haftar committed to ceasefire, Germany says
  • Lesotho PM Thabane says he intends to resign – SABC
  • Sudan appoints new intelligence chief in wake of failed revolt
  • Kenya in talks with World Bank for loan of as much as $1 bln

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

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