macroafricaintel Daily Brief | 22 Jul

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

Global Markets

Asia markets to open lower on pandemic worries, shrugging off US equities upswing
Australia shares down 1.1%
Nikkei up 0.24%, Hang Seng down 0.34%
Brent down 0.7% at $44, WTI down 0.8% at $41.59
Spot gold up 1.5% at $1,842.52/oz.

Oil Markets

Precious metals

Grains

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

Issoufou, Akufo-Addo & Ouattara expected in Mali to solve crisis [during the remainder of week]
South Africa central bank MPC meets; 21-23 Jul [fcst. 3.75%, prev. 3.75%]
Ghana central bank MPC meets; 22-27 Jul [fcst. 14.5%, prev. 14.5%]
South Africa restaurant & hospitality industry protests expected
Ivory Coast’s Ouattara expected to respond to party’s request to seek third term
Ghana’s special development initiative minister Koomson in the spotlight; after shooting incident
Nigeria auctions 130 bln naira worth of bonds; settlement on 24 Jul
South Africa releases Apr-20 retail sales data
South Africa state capture inquiry continues
Key African countries on lockdown or restricted; subdued economic activity
Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today

Egypt’s army says it foiled ‘terrorist’ attack in northern Sinai
Saudi King Salman holds cabinet meeting virtually from hospital – SPA
Ethiopia, Egypt & Sudan to holdmore talks on GERD
Egypt agrees with Ethiopia, Sudan on the priority of reaching a dam binding deal
Italy prosecutors seek jail for Eni, Shell executives in Nigeria case
Ethiopia says first year of filling Renaissance dam achieved due to rain
Zimbabwe tightens covid rules ahead of anti-govt protests
Radisson adds six hotels in Africa in bet on future growth
US NHC: 80% chance of cyclone between west coast of Africa, Lesser Antilles
Algeria’s Skikda LNG plant resumes production after maintenance – Sonatrach
Iraq increases oil exports in July, still pumps above OPEC+ target
Sudan’s Bashir trial for 1989 coup adjourned as crowds jostle outside court
South Africa has not committed to fund SAA rescue plan, finmin says
AfDB agrees $400 mln loan for Mozambique LNG
Uganda’s Museveni seeks re-election to extend rule to four decades
Algeria expects energy revenue to fall $10 bln this year
Fight to save Senegal capital’s coast gains momentum
Kenya flower industry rebounds as lockdowns ease

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

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