October 13, 2017 / 5:30 AM / 9 days ago

South African Markets - Factors to watch on October 13

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

ECONOMIC EVENTS

Inflation-linked government bond auction

Weekly treasury bill auction

COMPANIES

No major company events scheduled.

SOUTH AFRICAN MARKETS

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.

GLOBAL MARKETS

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.

WALL STREET

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

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.

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 left in limbo as Telkom sale is canned

- SABC state help ‘depends on permanent executives’

BUSINESS REPORT

- Tribunal probes ticket seller

- Stanbank secures milestone finance deal with Ford

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