South African Markets - Factors to watch on Nov 20
JOHANNESBURG, Nov 20 (Reuters) -The following scheduled economic events, equity and currency market moves may affect South African markets on Wednesday.
ECONOMIC EVENTS
October inflation figures
September retail sales data
SOUTH AFRICAN MARKETS
The South African rand fell on Tuesday as investors pulled out of riskier assets after President Vladimir Putin updated Russia's nuclear doctrine amid escalating tensions with the United States over Ukraine.
On the Johannesburg Stock Exchange, the blue-chip Top-40 index .JTOPI closed 0.1% higher. .JZAR/
GLOBAL MARKETS
Asian shares were trading cautiously on Wednesday as investors looked ahead to earnings results from artificial intelligence darling Nvidia where the risk of disappointment is high, while the dollar steadied after three straight sessions of declines. MKTS/GLOB
WALL STREET
The Nasdaq rose more than 1% and S&P 500 also ended higher on Tuesday, led by a jump in technology shares as investors eagerly awaited results this week from Nvidia, while Walmart shares climbed after the retailer raised its annual forecasts. .N
GOLD
Gold prices rose to a one-week high on Wednesday, marking a third consecutive session of gains, driven by a softer dollar and escalating Russia-Ukraine tensions that raised the demand for safe-haven assets. GOL/
EMERGING MARKETS
For the top emerging markets news, double click on nTOPEMRG
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Some of the main stories out in the South African press:
BUSINESS DAY
- Governments urged to commit to buying vaccines from local producers
- Digital migration likely to drag on as Malatsi hunts for funds
FIN 24
- SA at forefront in COP29 finance fight, with US expected to go AWOL
- 'Not heading into the sunset': Coronation urges approval of empowerment deal as pressure mounts
(Compiled by Bhargav Acharya)
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