macroafricaintel Daily Brief | 21 Jan

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

Global Markets
• Asia stocks at record highs as Biden inauguration lifts stimulus hopes
• Biden swiftly begins sweeping away Trump’s immigration barriers
• Biden announces return to global climate accord, new curbs on US oil industry, revokes KXL permit
• Dollar on back foot as Biden optimism bolsters riskier currencies
• Oil dips after surprise rise in US crude stocks; focus on Biden, stimulus
• Brent down 0.4% at $55.86, WTI down 0.5% at $53.07 (0500GMT)
• Gold scales 2-wk high as dollar slips on stimulus optimism
• Spot gold up 0.1% at $1,872.25/oz., futures up 0.3% at $1,871.70 (0308GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Kenya IEBC publishes verified BBI signatures
• South Africa central bank decides interest rates [fcst. 3.5%, prev. 3.5%]
• World Bank hosts East Asia – Africa policy dialogue
• South Africa public protector Mkhwebane faces perjury charges
• South Africa retail sales Nov-20 [fcst. -4.9% yy, prev. -1.8%]
• UK foreign secretary Raab visits Kenya (from 20 Jan)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Ethiopians dying, hungry and fearful in war-hit Tigray: agencies
• 43 Africans drown off Libya in first Mediterranean shipwreck of 2021 – UN
• Nigeria restaurants struggle as inflation compounds pandemic impact
• Egypt & Qatar agree to resume diplomatic ties, Cairo says
• Intensifying insurgency drives Mozambique humanitarian crisis
• UK helps Kenya prepare to rollout covid-19 vaccine
• South Africa experts urge govt to lay out covid-19 vaccine plan
• Tunisia protesters revive ‘Arab Spring’ chant, riots continue
• Kenya to save 27 bln shilling from China debt service suspension deal
• Covid-19 shots to cost $3 to $10 under AU vaccine plan
• Zimbabwe foreign minister dies after contracting covid-19
• Dam down, water supplies failing in Ethiopia’s conflict-hit Tigray
• Ivory Coast cocoa backlog threatens forward sales, sector sources say

Bloomberg
• Nigeria reopens schools after lockdown triggered spike in dropouts
• CDC Group targets $1 bln of Africa investments in 2021
• South Africa’s vaccine holdup heaps pressure on Ramaphosa
• Egypt to toughen penalties for FGM
• South Africa study into new virus strain raises vaccine fears
• South Africa wealth tax could raise $10.7 bln, study shows
• China delays $245 mln of Kenya govt debt payments

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

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