The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.
Inflation-linked government bond auction
Weekly treasury bill auction
No major company events scheduled.
South Africa’s rand raced to a two-week high on Thursday as investor appetite for riskier but high-yielding emerging markets assets improved and data eased concerns about the domestic economy.
Asian stocks edged to a 10-year high on Friday thanks to expectations of brisk global growth, although investors held off chasing shares higher ahead of U.S. economic data and next week’s Chinese Communist Party Congress.
U.S. stocks retreated from recent record highs on Thursday as AT&T shares sank after it said it lost subscribers in the last quarter and banks slipped following results from JPMorgan and Citigroup.
Gold rose for a sixth day on Friday, buoyed by a weaker dollar, with investors waiting for key U.S. inflation data for clues on the outlook for potential hikes in U.S. interest rates.
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Some of the main stories out in the South African press:
- SAA left in limbo as Telkom sale is canned
- SABC state help ‘depends on permanent executives’
- Tribunal probes ticket seller
- Stanbank secures milestone finance deal with Ford