macroafricaintel Daily Brief | 19 Jan

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

Global Markets
• Asia shares look to China for recovery lead, earnings in focus
• IMF chief sees ‘high degree of uncertainty’ in global outlook
• Yellen says US must ‘act big’ on next coronavirus relief package
• Outlook darkens for Wall Street as Biden’s regulators take shape
• US asks Australia to scrap proposed laws to make Facebook, Google pay for news
• Brent edges up as optimism over economy trumps demand concerns
• Brent up 0.3% at $54.92, WTI down 0.2% at $52.25 (0150GMT)
• Gold gains as dollar eases off 4-wk high
• Spot gold up 0.2% at $1,840.81/oz., futures up 0.5% at $1,839.40 (0226GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Ghana supreme court begins hearing of Mahama election petition
• South Africa mining production Nov-20 [fcst. -4.0% yy, prev. -6.3%]
• South Africa inflation Dec-20 [fcst. 3.1% yy, prev. 3.2%] (20 Jan)
• PM Johnson hosts UK-Africa investment conference (20 Jan)
• Nigeria governors meet on covid-19 2nd wave (20 Jan)
• South Africa retail sales Nov-20 [fcst. -4.9% yy, prev. -1.8%] (21 Jan)
• South Africa central bank decides interest rates [fcst. 3.5%, prev. 3.5%] (21 Jan)
• Nigeria central bank MPC meets (25-26 Jan)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Malawi to close schools, make bars shut early to curb pandemic
• Violence flares for third day in Sudan’s Darfur
• China says its ready to help Kenya deal with its debt challenges
• Vaccine nationalism puts world on brink of ‘catastrophic moral failure’: WHO chief
• Uganda opposition says troops raid its offices amid election challenge
• CAR top court confirms President Touadera’s re-election
• Ghana president warns of health system overload as covid cases soar
• South Africa is promised 9 mln J&J vaccine shots – Business Day

Bloomberg
• Africa central bankers out of policy space to fight recessions
• Ivory Coast cocoa farmers strike as unsold beans pile up
• South Africa mining dealmaker plots M&A push before retirement
• Bobi Wine faces uphill slog to overturn Uganda election outcome
• Deadly fighting rocks Sudan’s Darfur after peacekeeping mission ends
• China in talks with Kenya for debt relief after Paris Club deal
• South Africa opposition demands clarity on vaccine strategy
• Mozambique president hands control to army in insurgency battle
• Zimbabwe banks shut 17% of branches as virus drives digitization
• Hundreds arrested in Tunisia protests as PM plans new cabinet

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

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