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.

ECONOMIC EVENTS

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.

COMPANIES

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

SOUTH AFRICAN MARKETS

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.

GLOBAL MARKETS

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.

WALL STREET

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

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.

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

– Treasury U-turn on offshore limits fuels policy confusion


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