African Markets – Factors to watch on October 14

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.

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GLOBAL MARKETS

Asian stocks stumbled on Tuesday, as signs the U.S. and China were preparing for trade talks later this month were tempered by uncertainty over whether the two nations could strike a durable deal.

WORLD OIL PRICES

Oil prices rose on Tuesday as early signs of a thaw in U.S.-China trade tensions bolstered market sentiment, alleviating concerns over global fuel demand.

EMERGING MARKETS

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AFRICA STOCKS

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SOUTH AFRICA MARKETS

The South African rand was buoyed by record gold prices on Monday as investors opted for the safe-haven metal after U.S. President Donald Trump renewed tariff threats against China.

KENYA DIGITAL ASSETS LAW

Kenyan lawmakers have passed a bill to regulate digital assets like cryptocurrencies, a senior parliamentarian said on Monday, as it seeks to boost investments into the sector by putting clear rules in place for the emerging industry.

MADAGASCAR PROTESTS

Madagascar’s president Andry Rajoelina has fled the African nation, the head of the opposition, a military source and a foreign diplomat said on Monday, the second time that young protesters have toppled a government in just over a month of worldwide Gen Z unrest.

IVORY COAST COCOA

Cocoa arrivals at ports in top grower Ivory Coast had reached 48,000 metric tons by October 12 since the start of the season on October 1, down 52% from the same period last season, exporters estimated on Monday.

SENEGAL BONDS

Senegal’s international bonds fell on Monday after Moody’s cut its credit rating, warning that it was now less certain that the West African nation would be able to avoid restructuring its debt.

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