South African Markets - Factors to watch on Dec.8

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on Dec.8
Credit: © Reuters.

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

ECONOMIC EVENTS

- Statistics South Africa releases third-quarter gross domestic product (GDP) figures at 0930 GMT.

- South Africa's Treasury auctions long-term bond notes at 0900 GMT.

COMPANIES

- Maria Ramos replaces Pityana as chair of South Africa's AngloGold Ashanti ANGJ.J . South Africa's PPC PPCJ.J half-year earnings fall 40.6%. AFRICAN MARKETS

South Africa's rand strengthened on Monday, resuming a recent rally that has pushed it to pre-pandemic levels, with investors lured back into risk assets by progress in COVID-19 vaccines and hopes of further stimulus in the United States. .J ZAR/

GLOBAL MARKETS

Asian stocks came under pressure on Tuesday as investors struggled to balance hopes for more economic stimulus and vaccines with anxiety over a surge in COVID-19 infections. MKTS/GLOB

WALL STREET

The Nasdaq closed at a record high on Monday after investors moved into mega-cap growth stocks even as a new round of COVID-19 restrictions underscored the continuing economic impact of the pandemic on the United States. .N

GOLD

Gold prices scaled a two-week high on Tuesday on hopes that U.S. lawmakers would agree on a fiscal stimulus deal to cushion the economic blow from surging coronavirus infections. GOL/

EMERGING MARKETS

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

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

BUSINESS DAY

- Zimbabwe's Great Dyke platinum venture sells stake to Fossil

- Telkom on the hunt for new finance chief

BUSINESS REPORT

- Nepi Rockcastle NRPJ.J disposes of its shares in URW

- Altron AELJ.J shares cash on demerger news

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