African Markets — Factors to watch on October 16
NAIROBI, Oct 16(Reuters) — The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. — - — - — GLOBAL MARKETS Asian stocks rebounded on Friday following heavy selling in the previous session when investors dumped tech shares as questions about cloud company CoreWeave's debt pile fuelled worries about the financing driving the AI boom.... MKTS/GLOB WORLD OIL PRICES Oil prices edged down on Friday morning as investors weighed Middle East risks and possible US steps to ease restrictions on the world’s "shadow fleet" of tankers.... O/R AFRICA STOCKS For the latest news on African stocks, click on.J SOUTH AFRICA MARKETS The South African rand edged up in early trade on Thursday as the dollar slipped from an 18-month peak, with investors looking ahead to next week's medium-term budget for clues on the country's fiscal outlook and credit rating prospects.... AFRICA CURRENCIES The currencies of Kenya and Uganda are expected to be under pressure in the next week to Thursday, while Ghana's could extend gains and those of Zambia and Nigeria may be little changed, traders said.... NIGERIA INFLAT
NAIROBI, Oct 16(Reuters) — The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. — - — - — GLOBAL MARKETS Asian stocks rebounded on Friday following heavy selling in the previous session when investors dumped tech shares as questions about cloud company CoreWeave's debt pile fuelled worries about the financing driving the AI boom.... MKTS/GLOB WORLD OIL PRICES Oil prices edged down on Friday morning as investors weighed Middle East risks and possible US steps to ease restrictions on the world’s "shadow fleet" of tankers....
O/R AFRICA STOCKS For the latest news on African stocks, click on.J SOUTH AFRICA MARKETS The South African rand edged up in early trade on Thursday as the dollar slipped from an 18-month peak, with investors looking ahead to next week's medium-term budget for clues on the country's fiscal outlook and credit rating prospects.... AFRICA CURRENCIES The currencies of Kenya and Uganda are expected to be under pressure in the next week to Thursday, while Ghana's could extend gains and those of Zambia and Nigeria may be little changed, traders said....
NIGERIA INFLATION Nigeria's headline inflation rate slowed slightly last month, data showed on Thursday, but it remains stuck around 15% in annual terms and a concern for many citizens months before a national election.... SENEGAL DEBT Senegal raised 338.2 billion CFA francs ($582 million) on the regional debt market in its second bond issue of 2026, the lead arranger said on Thursday.... DEMOCRATIC REPUBLIC OF CONGO COPPER Trade house Mercuria has delivered 12,000 metric tons of copper from the Democratic Republic of Congo to Project Vault, the US government's critical minerals reserve, this week, Mercuria's global head of metals told a conference on Thursday....
ETHIOPIA CENTRAL BANK Ethiopia's central bank has joined the Pan-African Payment and Settlement System (PAPSS), the platform said on Thursday, bringing the country closer to full integration into the continent's financial and payments system.... UGANDA COFFEE Uganda's coffee exports fell 13.7% in August from a year earlier, as a prolonged drought reduced the harvest in some areas, a report and an industry player said.... For the latest precious metals report click on GOL/ For the latest base metals report click on MET/L For the latest crude oil report click on O/R (Compiled by Nairobi Newsroom) ((nairobi.newsroom@thomsonreuters.com; +254 20 499 1232)