South African Markets - Factors to watch on Nov. 20

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

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

ECONOMIC EVENTS

Statistics South Africa will publish October inflation data at 0800 GMT.

COMPANIES

Lewis Group LEWJ.J will publish half-year results, while Indequity Group is scheduled to publish full-year results.

SOUTH AFRICAN MARKETS

South Africa's rand firmed within its recent trading range on Tuesday, as investors awaited a potential breakthrough in U.S.-China trade talks and the release of minutes of the most recent Federal Reserve meeting.

.J ZAR/

GLOBAL MARKETS

Asian shares stumbled on Wednesday as the Sino-U.S. trade talks produced nothing but a stream of conflicting messages, while concerns about a glut of supply left oil prices nursing their biggest one-day loss in seven weeks.

MKTS/GLOB

WALL STREET

The Dow Jones Industrial Average .DJI and the S&P 500 .SPX fell from record levels on Tuesday as dour forecasts from retailers Home Depot (NYSE: HD ) and Kohl's fueled worries about consumer spending and the U.S.-China trade dispute dragged on.

GOLD XAU=

Gold inched up on Wednesday after U.S. President Donald Trump threatened to raise tariffs on Chinese imports if no deal is reached with Beijing and as the U.S. Senate passed a bill backing human rights in Hong Kong.

EMERGING MARKETS

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

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

BUSINESS DAY

- Absa (JO: ABGJ ), AfDB seal risk-sharing deal

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