Views Article – Sharenet Wealth

Africa, Forex

South African Markets – Factors to watch on Dec 9

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.

COMPANIES

– Alexander Forbes posts HY headline earnings per share of 24.5 Cents.

– Only option was to put South African Airways on rescue, Ramaphosa says.

SOUTH AFRICAN MARKETS

South Africa’s rand was barely changed in late trade on Friday, with fresh optimism over Sino-U.S. trade talks helping the currency to weather stronger employment numbers from the United States.

GLOBAL MARKETS

Asian stocks edged up on Monday, catching some of Wall Street’s momentum after surprisingly strong U.S. jobs data although regional gains were capped by concerns about China’s economic slowdown due to the prolonged Sino-U.S. trade war.

WALL STREET

Wall Street ended solidly higher on Friday as a strong jobs report and optimism about U.S.-China trade negotiations ahead of an upcoming deadline helped stoke investor risk appetite.

GOLD

Gold was steady on Monday as investors await cues from the U.S. Federal Reserve on interest rates later this week, while trying to size up the chances of a new round of U.S. tariffs on Chinese goods.

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

– SAA’s R1bn pledge to Comair up in the air

– Matuson races against time to rescue the national airline

BUSINESS REPORT

– Mantra Eskom is ‘too big to fail is a fallacy’

– Judges recuses himself in bitter Moyo conflict with Old Mutual (Compiled by Nqobile Dludla)


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