REDEFINE:  962   -5 (-0.52%)  15/12/2018 00:00

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. 0600 GMT.

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


- No major announcements.


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.


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 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.


For the top emerging markets news, double click on

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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.

2017-12-07 07:42:16

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