South African Markets - Factors to watch on October 16

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on October 16
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

Exchange operator JSE releases data on foreigners' buying and selling of South African bonds and stocks during the previous week.

COMPANIES

Group Five GRFJ.J announces firm intention by Greenbay Properties GFP.MZ GRPJ.J to acquire European assets.

SOUTH AFRICAN MARKETS

South Africa's rand climbed to its firmest level in two weeks on Friday, driven higher by a court ruling upholding corruption charges against President Jacob Zuma.

A weaker dollar and a global surge in risk appetite also contributed. .J ZAR/

GLOBAL MARKETS

Asian shares advanced to a decade high on Monday, while U.S. oil futures jumped to hover near a six-month top as escalating tensions between the Iraqi government and Kurdish forces threatened supply. MKTS/GLOB

WALL STREET

Asian shares advanced to a decade high on Monday, while U.S. oil futures jumped to hover near a six-month top as escalating tensions between the Iraqi government and Kurdish forces threatened supply. .N

GOLD XAU=

Gold slipped on Monday on a firmer dollar and stronger Asian equities, but stayed above the key psychological level of $1,300. 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

- Hearing tailored to favour Eskom's Koko; Disciplinary process tainted by board interference

- Zuma may exploit KPMG scandal to escape charges

BUSINESS REPORT

- FirstRand eyes UK bank for growth

- SAA needs R5bn bail out to stay in the air

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