As the week commences, several developments are poised to influence African markets. Financial markets exhibited mixed signals on Monday. U.S. stock futures experienced an uptick, while the dollar displayed volatility.…

The post African Markets: Key Factors to Watch on March 24 appeared first on Radarr Africa.

As the week commences, several developments are poised to influence African markets.

Financial markets exhibited mixed signals on Monday. U.S. stock futures experienced an uptick, while the dollar displayed volatility. Investors are bracing for a week dominated by critical data releases, corporate earnings from China, and looming U.S. tariff hikes.

Oil prices declined as market participants evaluated the prospects of ceasefire negotiations aimed at resolving the Russia-Ukraine conflict. A successful truce could potentially increase the flow of Russian oil into global markets, impacting supply dynamics.

The Kenyan shilling remained stable in early trading sessions on Friday, maintaining its position from the previous day. Data from the London Stock Exchange Group (LSEG) corroborated this trend, indicating a period of equilibrium for the currency.

• Sudan: The Sudanese army announced full control over the presidential palace in Khartoum on Friday. This marks a significant development in the ongoing two-year conflict with a rival armed faction, raising concerns about the nation’s stability.
• Ethiopia: The Ethiopian military reported the elimination of over 300 combatants from the Fano armed group during two days of clashes in the Amhara region. This escalation has heightened fears of a broader regional conflict.

Ethiopia has reached a preliminary agreement with its official creditors to restructure $8.4 billion of debt. The finance ministry expressed optimism that this arrangement would facilitate negotiations with other creditors, including bondholders, potentially easing the country’s financial burdens.

These events underscore the complex interplay of economic indicators, political developments, and global market trends that continue to shape the African financial landscape.

The post African Markets: Key Factors to Watch on March 24 appeared first on Radarr Africa.