South African Markets - Factors to watch on Nov 10
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South African Markets - Factors to watch on Nov 10
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.

COMPANIES

Telkom H1 results.

SOUTH AFRICAN MARKETS

South Africa's rand weakened on Thursday after comments by President Jacob Zuma raised concerns about higher spending on education, which would put added strain on the country's already stretched public finances. Stocks weakened in a volatile market that took its cue from weakness in the currency, with Steinhoff International, weighing on the bourse.

GLOBAL MARKETS

Asian shares slipped on Friday on uncertainty about U.S. tax reforms after Senate Republicans unveiled a plan that differed from the House of Representatives' version in several key areas, including a delay in the timing of a corporate tax cut.

WALL STREET

Wall Street stocks dropped on Thursday, weighed down by losses in Microsoft and other technology issues, as investors turned their attention to a U.S. Senate Republican plan that would delay expected corporate tax cuts.

GOLD

Gold prices on Friday held near a three-week high touched in the previous session, underpinned by uncertainty over U.S. tax reforms and on track for the first weekly rise in four weeks.

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

- 'Suspicious' SARS deposits not probed. (Compiled by Ed Stoddard)

2017-11-10 07:27:01


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