South African Markets - Factors to watch on Oct. 31

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on Oct. 31
Credit: © Reuters.

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.

ECONOMIC EVENTS

Statistics South Africa will publish data on producer price inflation in September at 0830 GMT.

COMPANIES

Impala Platinum Holdings IMPJ.J will publish production numbers for the first quarter. Telematics Ltd MIXJ.J , Goldfields GFIJ.J , Trencor TREJ.J and MTN MTNJ.J will publish quarterly results.

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.

.J ZAR/

GLOBAL MARKETS

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.

MKTS/GLOB

WALL STREET

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 XAU=

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.

EMERGING MARKETS

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

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

BUSINESS DAY

- Shoprite investor group wants to curb Wiese's dominance

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