South African Markets - Factors to watch on Oct. 28

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on Oct. 28
Credit: © Reuters.

JOHANNESBURG, Oct. 28 - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.

COMPANIES

South Africa's Sasol SOLJ.J and AngloGold Ashanti ANGJ.J published full-year results and results for the third quarter respectively. Famous Brands FBRJ.J is due to publish half-year results at 0800 GMT.

SOUTH AFRICAN MARKETS

South Africa's rand firmed against the dollar on Friday, taking advantage of buying interest from traders eyeing Finance Minister Tito Mboweni's medium-term budget speech and a Moody's rating review next week.

.J ZAR/

GLOBAL MARKETS

Asian shares extended gains on Monday to hit a three-month high as risk assets got a fillip from hopes of a U.S.-China trade deal as soon as next month while the dollar marked time as focus shifts to a U.S. rate decision.

MKTS/GLOB

WALL STREET

U.S. stocks rose on Friday after Washington said it was close to finalising parts of a trade pact with Beijing and strong quarterly results from Intel Corp (NASDAQ: INTC ) INTC.O boosted investor sentiment, sending the S&P 500 briefly over the record high close it set three months ago.

GOLD XAU=

Gold was little changed on Monday, after a near 1% jump in the previous session, as investors awaited a U.S. Federal Reserve rate decision later in the week, while progress in U.S.-China trade talks limited upside.

EMERGING MARKETS

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

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

BUSINESS DAY

- Rand set for rocky ride with all eyes on Mboweni

- SA Express fights service provider's liquidation bid

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