South African Markets - Factors to watch on December 11

Reuters12-11
South African Markets - Factors to watch on December 11

JOHANNESBURG, Dec 11 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Thursday.

ECONOMIC EVENTS

October mining output ZAMNG=ECI

October manufacturing production ZAMAN=ECI

Q3 formal sector employment data

November business confidence index ZABCI=ECI

SOUTH AFRICAN MARKETS

The South African rand edged up on Wednesday, following the release of domestic retail sales data as investors awaited a U.S. Federal Reserve policy meeting later in the day.

On the Johannesburg Stock Exchange, the Top-40 index .JTOPI was last up 0.2%..JZAR/

GLOBAL MARKETS

Stocks slid on Thursday after disappointing earnings at U.S. cloud computing giant Oracle sounded a warning for AI profitability, while bonds were firm and the dollar nursed losses after the Federal Reserve cut U.S. interest rates.MKTS/GLOB

WALL STREET

Wall Street ended higher on Wednesday, after the Federal Reserve cut interest rates by a quarter percentage point as expected and investors bet on further easing down the road even as the central bank signalled that it will put further cuts on pause for now..N

GOLD

Gold eased on Thursday, pulling back from a near one-week high, after the U.S. Federal Reserve delivered a divided interest rate cut that left investors uncertain about the pace of easing next year, while silver notched another record high.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

- South Africa's African National Congress party charts escape from sharp end of US tariffs

NEWS24

- Poland wants G20 membership, but not at the expense of SA

- Brazil urges SA to adopt regional approach to bird flu to prevent a food crisis

- Strong interest in SA Post Office plan to court the private sector

(Compiled by Sfundo Parakozov)

((Sfundo.Parakozov@thomsonreuters.com))

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