macroafricaintel Daily Brief | 9 Feb

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

Global Markets
• Stocks, oil rise in Asia after US records, dollar weakens
• Bitcoin extends gains above $47,000 in Asia
• Oil climbs to 13-mth highs on output cuts, demand recovery hopes
• Brent up 0.8% at $61.04, WTI up 0.8% at $58.42 (0443GMT)
• Gold gains as dollar extends slide, stimulus hopes firm
• Spot gold up 0.5% at $1,839.02/oz, futures up 0.5% at $1,842.60/oz. (0536GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Kenya parliament resumes; BBI, Ruto impeachment, etc. on agenda
• Nigeria parliament resumes; herder-farmer clashes, crypto ban, etc. on agenda
• Kenya’s Uhuru & Raila campaign for BBI, amid Ruto pushback
• Kenya counties debate BBI, some expected to pass bill during the week
• South Africa state capture inquiry continues
• Ghana supreme court rules on Mahama petition (10 Feb)
• South Africa’s Ramaphosa delivers state of the nation address (11 Feb)
• South Africa manufacturing production Dec-20 [act. -1.3% yy, prev. -3.5%] (11 Feb)
• South Africa mining production Dec-20 [act. -0.5% yy, prev. -11.6%] (11 Feb)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Nigeria yet to detect South Africa virus variant, to stick with AstraZeneca vaccine
• Ethiopia – ‘People die at home’: Tigray medical services struggle after turmoil of war
• Darfur rebel leaders heads Sudan finance ministry following cabinet shake-up
• Global health officials back AstraZeneca vaccine after South Africa study rings alarm
• Nedbank denies complicity in South Africa corruption, shares fall
• AstraZeneca vaccine has major role to play, South Africa trial lead says
• Somalia opposition cease recognising president as election row escalates
• Global health officials back AstraZeneca vaccine after South Africa study rings alarm
• Flood kills 28 people in illegal factory in Morocco
• South Africa to start covid-19 vaccinations with J&J doses
• Nigeria’s navy to toughen punishment for collusion with kidnappers
• South Africa hopes to get some J&J covid-19 vaccines this week
• Pandemic derails trade for Congo’s disabled border couriers
• African Union must reform to stay relevant – Nigeria’s Buhari
• Exclusive – Angola moves to seize Dos Santos-linked asset in Dutch court

Bloomberg
• Kenya ruling party expels 6 lawmakers in widening rift
• Bitcoin surges past $47,000 for first time after Tesla purchase
• Sudan’s premier adds ex-rebels in sweeping change to govt
• UK officials fear South Africa strain could threaten recovery
• South Africa will stop using AstraZeneca vaccine
• South Africa lawmakers question Eskom on failed housing project
• Nigeria disagrees with advice to devalue naira, IMF says
• Egypt seizes on bond rally with plan to borrow $3 bln
• Kenya Airways ramps up cargo capacity for peak flower season
• South Africa seeks 20 mln J&J vaccines, offered Russia shot
• Tanker leaves Libya port without oil as strikers halt loading

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

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