Views Article – Sharenet Wealth

Africa, Forex

South African Markets – Factors to watch on Nov. 25

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


Statistics South Africa will publish consumer price inflation data for October at 0800 GMT and producer price inflation for the same period at 0930 GMT.


Retailer Lewis Group published its half-year results, while Arrowhead Properties is set to publish full-year results.


South Africa’s rand gained on Tuesday as appetite for riskier assets grew after U.S. President Donald Trump accepted the transition to a Joe Biden presidency.


World shares rallied to a record peak on Wednesday, following an overnight surge that saw the Dow Jones benchmark crack 30,000 for the first time as investors cheered a dramatically improved global outlook.


U.S. stocks rallied on Tuesday and the Dow breached the 30,000 level for the first time, as investors anticipated a 2021 economic recovery on coronavirus vaccine progress and the formal clearance for President-elect Joe Biden’s transition to the White House.


Gold languished near a four-month low on Wednesday as appetite for riskier assets remained buoyed by the formal start of U.S. President-elect Joe Biden’s transition to the White House and hopes a COVID-19 vaccine would be ready soon.


For the top emerging markets news, double click on

– – – –

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


– Treasury U-turn on offshore limits fuels policy confusion

© 2019 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.