macroafricaintel Daily Brief | 27 Jan

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

Global Markets
• Global covid-19 cases surpass 100 mln as nations tackle vaccine shortages
• Asia shares slip, Microsoft’s brisk earnings boost tech sector
• US consumer confidence edges higher; house prices accelerate
• China’s industrial profits extend growth in December amid brisk factory recovery
• US judge blocks deportation freeze in swift setback for Biden
• Oil rises as US oil stockpiles drop, new Chinese covid-19 cases decline
• Brent up 0.2% at $56.02, WTI up 0.2% at $52.71 (0229GMT)
• Gold steady ahead of US Fed policy decision
• Spot gold little changed at $1,849.76/oz., futures down 0.1% at $1,848.60 (0031GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Central Bank of Kenya decides interest rates [fcst. 7.0%, prev. 7.0%]
• Nigeria’s Buhari cabinet meets; after welcome replacement of military chiefs
• Kenya’s Uhuru & Raila intensify BBI campaigns; duo take on Ruto as process moves to counties
• South Africa state capture inquiry continues
• Virtual World Economic Forum (24-29 Jan)
• Bank of Ghana MPC meets [fcst. 14.5%, prev. 14.5%] (26-29 Jan & 1 Feb)
• Fitch briefing on SSA sovereigns & banks credit outlook (28 Jan)
• South Africa PPI Dec-20 [fcst. 3.1% yy, prev. 3.0%] (28 Jan)
• Kenya inflation Jan-21 [fcst. 5.6% yy (1.0% mm), prev. 6.1% (1.0%)] (29 Jan)
• South Africa PSCE Dec-20 [fcst. 3.6% yy, prev. 3.4%] (29 Jan)
• South Africa M3 Dec-20 [fcst. 9.5% yy, prev. 8.2%] (29 Jan)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
• Gambia vows to name and shame lastest covid-19 quarantine cheats
• Nigeria names new military chiefs amid rising militant violence
• Lilly testing new antibody for South Africa coronavirus variant, says company executive
• ‘Everywhere I am in chains,’ says Uganda’s Wine after home arrest lifted
• Pirates kidnap 15 Turkey sailors in attack on container ship off Nigeria
• Stop hoarding covid-19 vaccines, South Africa’s Ramaphosa tells rich nations
• Nigeria central bank holds benchmark lending rate at 11.5%
• Aid workers warn on covid-19 in camps for Mozambique cyclone victims
• Kenya to cut fiscal deficit in 2021/22 to 7.5% of GDP, Treasury says
• Morocco prepares to launch covid-19 vaccination programme
• Tunisia president rejects reshuffle, escalating political crisis
• South Africa plans three renewable energy rounds over coming year

• Oil companies fear Nigeria plan may deter offshore investment
• South Africa starts $79 mln fund to help tourism industry
• Nigeria central bank chief rebuffs money-printing criticism
• Zimbabwe plans to buy virus shots for two-thirds of population
• Ivory Coast cocoa farmers bemoan bean sales despite good weather
• Uganda’s Bobi Wine demands supporters release after he’s freed
• South Africa cracks down on bitcoin after alleged ponzi scheme
• Tunisia premier promises broad economic reform amid unrest
• Libya oil flow rises on pipeline fix as pay talks continue
• Liberia sees $800 mln ArcelorMittal investment this year
• African Bank reports loss a day after CEO’s surprise resignation
• South Africa stocks post biggest drop this month on Tencent effect
• In Zimbabwe, coronavirus sick told to buy their own ventilators

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

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