South African Markets-Factors to watch on December 8

Reuters12-08 12:29
South African Markets-Factors to watch on December 8

JOHANNESBURG, Dec 8 (Reuters) - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Monday.

ECONOMIC EVENTS

Foreigners' trading in South African bonds and equities

Treasury bill auction

COMPANIES

SPAR full-year results SPPJ.J

SOUTH AFRICAN MARKETS

The South African rand was steady on Friday, maintaining its break below the 17.00 level as investors awaited a Moody's rating review.

On the Johannesburg Stock Exchange, the Top-40 index .JTOPI closed up 1.6%..JZAR/

GLOBAL MARKETS

Share and bond markets seemed guardedly optimistic on Monday that the Federal Reserve would deliver a much-needed rate cut this week, though the meeting looks set to be one of the most fractious in recent memory. MKTS/GLOB

WALL STREET

U.S. stocks closed out the trading week with slight gains on Friday as the latest flurry of economic data kept elevated expectations for a Federal Reserve interest rate cut next week intact. .N

GOLD

Gold nudged higher on Monday, supported by a softer dollar as traders grew more confident the U.S. Federal Reserve will deliver an interest rate cut at its policy meeting this week.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

- Netflix's purchase of Warner Bros Discovery comes as DStv set to cut 12 channels

NEWS24

- PetroSA crisis escalates as SARS moves to attach Mossel Bay refinery

- SA dishing out millions in foreign aid to neighbours, allies

(Compiled by Sfundo Parakozov)

((Sfundo.Parakozov@thomsonreuters.com))

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