macroafricaintel Daily Brief | 7 Jan

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

Global Markets
• Investors look on US Capitol breach with ‘muted reaction,’ worry if escalates
• Congress resumes certification of Biden’s win after Trump supporters storm US Capitol
• Crypto market value tops $1 tln as bitcoin breaches $37,000
• Oil steady after US Capitol drama; tighter supplies in focus
• Brent up 8 cents at $54.38, WTI up 11 cents at $50.74 (0125GMT)
• Gold inches down as higher yields outweigh stimulus optimism
• Spot gold down 0.1% at $1,916.77/oz., futures up $1,918.40 (0250GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Ghana inaugurates 8th parliament & swears in Akufo-Addo for 2nd term
• South Africa’s Ramaphosa delivers ruling ANC 109th anniversary “January 8” statement in Limpopo (8 Jan)
• China’s foreign minister tours Africa (Nigeria, DRC, Tanzania, Botswana & Seychelles)
• South Africa state capture inquiry resumes (8 Jan)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Ten presidential candidates call for election re-run in CAR
• 3 drowned, dozens missing, after boat sinks in eastern Congo’s Lake Kivu
• Over 2 mln people displaced by conflict in Ethiopia’s Tigray region – local official
• Roadside bomb kills five in Cameroon’s restive North West region
• DRC says China has granted pandemic-linked debt relief
• Uganda presidential challenger Bobi Wine campaigns in a flak jacket

Bloomberg
• Zimbabwe hospitals buckle under covid strain as infections surge
• Sudan signs accord that sets stage for normalization with Israel
• Ghana insurers get 6-mth extension to meet new capital base
• South Africa officials argue for harsher measures to curb covid
• South Africa stocks hit 3-yr high as platinum rally resumes
• US’ Mnuchin arrives in Sudan for talks on economic crisis, aid
• Ethiopia accuses Sudan of killing civilians in border dispute
• South Africa’s hope for health worker vaccines thwarted, BD says

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.