South African Markets - Factors to watch on Nov 27

Reuters
2024-11-27
South African Markets - Factors to watch on Nov 27

JOHANNESBURG, Nov 27 (Reuters) - The following scheduled economic event, equity and currency market moves may affect South African markets on Wednesday.

ECONOMIC EVENT

South African economics ministers answer lawmakers' questions in parliament

SOUTH AFRICAN MARKETS

South Africa's rand slipped on Tuesday as U.S. President-elect Donald Trump's tariff threat on its neighbours and China weighed on emerging markets. .JZAR/

GLOBAL MARKETS

Asian stocks fell on Wednesday and currencies were volatile as investors fretted over whether other countries could be targeted for tariffs under incoming U.S. President Donald Trump, a day after he pledged new levies on Canada, Mexico and China. MKTS/GLOB

WALL STREET

Wall Street stocks, led by S&P 500 and the Nasdaq, ended higher on Tuesday, as technology stocks rebounded, while investors digested President-elect Donald Trump's tariff pledges on top trade partners and the latest minutes from the Federal Reserve. .N

GOLD

Gold prices inched up on Wednesday as the U.S. dollar eased, while investors' focus shifted to key inflation data from the world's biggest economy for cues on the likely scale of a Federal Reserve rate cut next month. GOL/

EMERGING MARKETS

For the top emerging markets news, double click on nTOPEMRG

- - - -

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

BUSINESS DAY

- Life Healthcare backs call for business-government drive to include health

- VistaJet banks on growing corporate jet demand in SA and the African continent

FIN 24

- The squeeze on spaza shops may hit one of its fast-growing units, says Pepkor

- S&P upgrades Eskom's ratings outlook

(Compiled by Bhargav Acharya)

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