South African Markets - Factors to watch on Dec. 20

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on Dec. 20
Credit: © Reuters.

JOHANNESBURG, Dec 20 - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.

ECONOMIC EVENTS

Statistics South Africa will release data on the budget balance for November at 1200 GMT.

COMPANIES

Marshall Monteagle MMPJ.J and African Equity Power Investments AEEJ.J are expected to publish full-year results.

SOUTH AFRICAN MARKETS

South Africa's rand firmed against the dollar on Thursday, clinging to gains as a high carry yield and a decision by Fitch not to lower the country's credit rating underpinned demand.

.J ZAR/

GLOBAL MARKETS

Asian shares snoozed near 18-month highs on Friday as trade thinned in the run-up to Christmas and investors seemed content to digest the chunky gains already made so far this month.

MKTS/GLOB

WALL STREET

Wall Street's major indexes resumed their rally with fresh records on Thursday as U.S. Treasury Secretary Steven Mnuchin said an initial U.S.-China trade deal would be signed in early January.

GOLD XAU=

Gold prices inched lower on Friday due to increased risk appetite on hopes of an interim Sino-U.S. deal being signed soon and as investors awaited the release of U.S. gross domestic product data.

EMERGING MARKETS

For the top emerging markets news, double click on - - -

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

BUSINESS DAY

- Cabinet leaves critical issues on land unresolved after getting expert panel report

- Emergency plan 'geared towards power barges'

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100