Categories: World

African Markets – Factors to watch on Oct 21

Published by TSG Syndication

NAIROBI, Oct 21 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. - - - - - GLOBAL MARKETS Asian stocks rose on Tuesday as the prospect of easing trade tensions between the world's top two economies boosted risk sentiment, while the near-certainty of Sanae Takaichi becoming Japan's next prime minister sent the Nikkei to a record high. WORLD OIL PRICES Oil prices fell on Tuesday on concerns about excess supply and risks to demand stemming from tensions between the U.S. and China, the world's top two oil consumers, even as President Donald Trump said he expected to reach a trade deal. EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on South African stocks, click on SOUTH AFRICA MARKETS The rand gained on Monday, as investors looked to inflation data this week and the possible removal of South Africa from the Financial Action Taskforce's "grey" list. IVORY COAST COCOA Light, mostly below-average rains and sunny spells across most of Ivory Coast's cocoa regions last week are expected to boost the October-to-March main crop, which growers see remaining abundant at least through January, farmers said on Monday. MADAGASCAR POLITICS Madagascar's coup leader Colonel Michael Randrianirina, who seized power this month, named businessman and consultant Herintsalama Rajaonarivelo as the island nation's new prime minister on Monday. UGANDA DEBT Uganda plans to borrow $2.34 billion from several lenders, including the World Bank, Standard Chartered and Citi, to finance infrastructure projects in energy and other sectors, according to a parliamentary document seen by Reuters. For the latest precious metals report click on For the latest base metals report click on For the latest crude oil report click on (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
TSG Syndication
Published by TSG Syndication