South African Markets - Factors to watch on Dec 20
JOHANNESBURG, Dec 20 (Reuters) -The following scheduled economic events, equity and currency market moves may affect South African markets on Friday.
ECONOMIC EVENTS
Energy regulator Nersa meeting on Eskom's tariff application
SOUTH AFRICAN MARKETS
South Africa's rand slipped on Thursday, a day after the Federal Reserve struck a hawkish tone on interest rate cuts in the coming year. .JZAR/
GLOBAL MARKETS
Asian shares hit a fresh three-month low on Friday as investors awaited key U.S. inflation data that could either ease or worsen concerns about stubbornly high price pressures, while the dollar towered at two-year peaks. MKTS/GLOB
WALL STREET
U.S. stocks ended little changed on Thursday, giving up an initial rebound from a sharp drop in the prior session after the Federal Reserve forecast fewer-than-expected interest rate cuts and higher inflation next year. .N
GOLD
Gold prices were set for a weekly decline on Friday after the Federal Reserve's verdict on its monetary policy-easing cycle signalled a slowdown in rate cuts, while focus shifted to U.S. Personal Consumption Expenditure data later in the day. 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
- Treasury makes proposals to tighten laws in bid to exit greylist
- Grindrod hit hard by disruption after Mozambican election
FIN 24
- As power theft cripples Eskom, it discovers a massive racket involving its staff
(Compiled by Alexander Winning)
</body></html>Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
