South African Markets - Factors to watch on Dec. 7
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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.

ECONOMIC EVENTS

- Central bank publishes fx reserves figures for November. 0600 GMT.

- October mining production data release by Statistics SA. 0930 GMT

COMPANIES

- 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 rand retreated.

GLOBAL MARKETS

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.

WALL STREET

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

Gold prices were mostly steady on Thursday amid a firm dollar, trading within sight of a two-month low hit earlier this week.

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 Tuesday.

EMERGING MARKETS

For the top emerging markets news, double click on

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Some of the main stories out in the South African press:

BUSINESS DAY

- Logistics utility Transnet's board to be subpoenaed by parliament in corruption probe.

- Redefine expands into Poland.

BUSINESS REPORT

- South Africa's poultry association worried about forced labour at Brazil farms.

2017-12-07 07:42:16


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