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South African Markets - Factors to watch on Oct 11
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Thursday.
- Santam says all conditions relating to Saham
Finances deal fulfilled.
Minister of Communications, Nomvula Mokonyane will brief
media on the outcomes of the Cabinet meeting held on Wednesday,
10 October 2018. 0700 GMT.
SOUTH AFRICAN MARKETS
South Africa's rand weakened on Wednesday, giving
back gains it made following Tito Mboweni's appointment as
fiance minister, with investors banking profits ahead of a
ratings decision on Friday. Stocks were hammered by losses of
Asian share markets sank in a sea of red on Thursday after
Wall Street suffered its worst drubbing in eight months, a
conflagration of wealth that could threaten business confidence
and investment across the globe.
U.S. stock index futures were down slightly late Wednesday
after they resumed trading for the overnight session.
Gold prices inched down on Thursday as robust U.S. data
potentially bolstered the chances of multiple U.S. interest rate
hikes over the next year, but a weaker dollar curbed losses.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Johannesburg inner city project may bring investors back.
(Compiled by Ed Stoddard)
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