The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.
– ArcelorMittal South Africa releases Full-year results.
– Brait releases third quarter results.
SOUTH AFRICAN MARKETS
South Africa’s rand weakened slightly on Thursday, weighed down by a rebound in the U.S. dollar, ahead of President Jacob Zuma’s annual state of the nation speech.
Asian shares rallied to an 18-month peak on Friday, as investors cheered upbeat Chinese trade data and strong gains on Wall Street after U.S. President Donald Trump promised to unveil a major tax announcement to lower the burden on businesses.
Wall Street’s three main indexes surged to fresh record highs on Thursday after President Donald Trump said he would make a major tax announcement in a few weeks.
Gold fell on Friday on a firmer dollar after U.S. President Donald Trump promised a major tax announcement and as economic data boosted expectations of a U.S. rate hike.
For the top emerging markets news, double click on
– – – –
Some of the main stories out in the South African press:
– Flayed Zuma delivers transformation plan
– Uncertainty ‘stymies coal miners’
– Banks shielded from the bad debt