macroafricaintel Daily Brief | 23 Dec

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

Global Markets
• Stock futures slip as Trump threatens to derail stimulus bill
• Asian business confidence gains steam, pandemic still top risk: Thomson Reuters/INSEAD survey
• Oil falls on surprise build in US crude stocks, Trump threat to US relief spending
• Brent down 0.9% at $49.62, WTI down 1% at $46.56 (0142GMT)
• Gold inches higher on hopes of further US stimulus
• Spot gold up 0.2% at $1,863.83/oz., futures down 0.1% at $1,868.10 (0027GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Holiday week
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Russia sends extra 300 military instructors to CAR
• UN aims to get rights team to Ethiopia’s Tigray
• Kenya parliament halts covid-19 related tax relief
• Ivory Coast opens first protected marine area
• Ivory Coast company brings black dolls to African children
• US reinstates Sudan’s sovereign immunity, authorizes funds to help pay debt
• Morocco hosts Israel envoys, Kushner to flesh out new relations
• Sundance seeks $8.8 bln in damages over Congo iron ore project
• Nigeria advises regions to limit public gatherings amid covid-19 spike
• US charges Libyan in 1988 Lockerbie bombing that killed 270

Bloomberg
• South Africa’s petroleum lobby seeks competition act exemptions
• Saudi Arabia sees foreign investment boost from India, Egypt
• UN urges Ethiopia to grant aid agencies access to Tigray
• Once a pariah, Sudan regains sovereign immunity from US
• Spain asks Morocco to explain PM’s comments on African enclaves
• Nigeria lending shows as battered economy dents demand: chart
• Virus surge puts South Africa hospitals under ‘severe strain’

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

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