South African Markets - Factors to watch on Dec. 7
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Thursday.
- Central bank publishes fx reserves figures for November.
- October mining production data release by Statistics SA.
- No major announcements.
SOUTH AFRICAN MARKETS
South African stocks fell to their lowest in more than a
month on Wednesday after Steinhoff shares plummeted when the
company announced an investigation into accounting
irregularities and its chief executive officer resigned. The
Asian shares hovered near two-month lows on Thursday as
softer oil and copper prices and uncertainty over U.S. policy
kept many investors on the sidelines, even as some high-tech
bellwethers bounced back after a searing sell-off.
The S&P 500 fell a tiny bit on Wednesday, with Microsoft and
other technology stocks making modest gains but not quite
offsetting losses in energy shares after oil prices dropped more
than 2 percent.
Gold prices were mostly steady on Thursday amid a firm
dollar, trading within sight of a two-month low hit earlier this
Spot gold XAU= was nearly unchanged at $1,263.21 an ounce by
0406 GMT. It marked its lowest since Oct. 6 at $1,260.71 on
For the top emerging markets news, double click on
- - - -
Some of the main stories out in the South African press:
- Logistics utility Transnet's board to be subpoenaed by
parliament in corruption probe.
- Redefine expands into Poland.
- South Africa's poultry association worried about forced
labour at Brazil farms.
© 2017 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.