South African Markets - Factors to watch on Nov. 5

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on Nov. 5
Credit: © Reuters.

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

ECONOMIC EVENTS

- Standard Bank (JO: SBKJ ) October Whole Economy PMI ZAPMIM=ECI . 0715 GMT.

COMPANIES

- Q3 2018 AngloGold Ashanti ANGJ.J market update.

- Full Year 2018 African Equity Empowerment Investments AEEJ.J Earnings Release.

- Full Year 2018 Redefine Properties RDFJ.J Earnings Release.

SOUTH AFRICAN MARKETS

South Africa's rand extended its rally on Friday, brushing off a solid jobs report from the United States to hit a fresh pre-budget high as domestic developments and a global return of risk appetite gave the currency momentum.

On the bourse, shares tracked emerging market stocks higher on hopes the United States and China were mending trade relations, triggering a global surge in risk appetite. .J ZAR/

GLOBAL MARKETS

Asian stocks sank on Monday as fears of faster rate hikes in the United States and uncertainty around the Sino-U.S. trade war deterred investment in riskier assets, while sterling jumped to a two-week high on hopes of an orderly Brexit. MKTS/GLOB

WALL STREET

U.S. stocks snapped a three-day rally on Friday as Apple shares (NASDAQ: AAPL ) dropped following a disappointing forecast and the White House dampened optimism over U.S.-China trade talks. .N

GOLD XAU=

Gold prices held steady on Monday as investors were cautious ahead of the U.S. congressional elections due on Tuesday which will determine whether the Republican or Democratic Party controls Congress.

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

BUSINESS DAY

- State airline SAA facing 14 billion rand ($977 million) debt payment by March.

BUSINESS REPORT

- African Rainbow Capital gets greenlight from regulator to buy majority stake in TymeBank.

($1 = 14.3360 rand)

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