South African Markets - Factors to watch on November 13

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on November 13
Credit: © Reuters.

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 releases September retail sales figures at 1100 GMT.

COMPANIES

- South African retailer and wholesaler SPAR Group SPPJ.J said on Wednesday its profits grew by 16.9% in the year ended Sept. 30. Peregrine Holdings PGRJ.J reports half-year headline earnings per ordinary share 77.8 cents. Investec Property Fund IPFJ.J reports half-year earnings. Indluplace Properties ILUJ.J reports full-year earnings. AFRICAN MARKETS

South Africa's rand weakened in late trade on Tuesday in a subdued session as investors avoided big bets ahead of local retail and mining data later in the week, and a definitive sign from the trade talks between China and the United States.

On the bourse, stocks rose with world shares. .J ZAR/

GLOBAL MARKETS

Asian stocks and Wall Street futures fell on Wednesday, as growing worries that U.S.-China trade talks are stalling and concern about intensifying unrest in Hong Kong hurt demand for risky assets. MKTS/GLOB

WALL STREET

The benchmark S&P 500 stock index eked out a slim gain on Tuesday as President Donald Trump said the United States is close to signing an initial trade deal with China but offered no new details about negotiations. .N

GOLD XAU=

Gold prices were little changed on Wednesday after U.S. President Donald Trump dashed investors' hopes for a positive sign on a U.S.-China trade deal with a speech that gave away little, while a firmer dollar limited upside for bullion. 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

- Telkom acquisition plan points to Cell C

- Revamp could save broke SAA 700 million rand

BUSINESS REPORT

- SAA sticks to its guns on restructuring

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