JOHANNESBURG, Oct 31 - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday.
Statistics South Africa will publish data on producer price inflation in September at 0830 GMT.
SOUTH AFRICAN MARKETS
South Africa's rand suffered its steepest fall in more than a year on Wednesday after Finance Minister Tito Mboweni forecast wider budget deficits and a sharp increase in debt during his medium-term budget policy statement.
Asian shares jumped on Thursday to a three-month high and the dollar fell broadly after the Federal Reserve cut interest rates as expected and U.S. Treasury yields declined.
U.S. stocks advanced on Wednesday, with the S&P 500 closing at a record for the second time in three sessions, after a policy statement by the U.S. Federal Reserve that cut interest rates by a quarter of a percentage point.
Gold prices climbed on Thursday as the U.S. dollar weakened after the Federal Reserve cut interest rates for the third time this year but signalled its rate-cut cycle might be at a pause.
For the top emerging markets news, double click on - - -
Some of the main stories out in the South African press:
- Shoprite investor group wants to curb Wiese's dominance
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where does this all affect us as traders?Like 0