South African Markets - Factors to watch on Sept 26
JOHANNESBURG, Sept 26 (Reuters) -The following scheduled economic events, company announcement, equity and currency market moves may affect South African markets on Thursday.
ECONOMIC EVENTS
The South African Reserve Bank will release its September Quarterly Bulletin
South Africa August PPI
COMPANIES
South African Insurer Old Mutual reports 38% jump in half-year profit
SOUTH AFRICAN MARKETS
South Africa's rand extended its recent rally on Wednesday, strengthening to a fresh 20-month high against the dollar.
The Johannesburg Stock Exchange's Top-40 .JTOPI index closed up about 1.5%, after touching a new high earlier in the session. .JZAR/
GLOBAL MARKETS
Asian stocks bucked the global trend to extend a China-led rally on Thursday, fuelled by persistent optimism over the country's aggressive stimulus package and news that more support could be in the works. MKTS/GLOB
WALL STREET
The Dow Jones Industrial Average and S&P 500 closed lower on Wednesday, pulling back from recent record highs driven by China's sweeping stimulus package, as investors awaited economic indicators and signals on upcoming interest rate cuts. .N
GOLD
Gold prices were steady on Thursday, hovering close to record highs, on expectations of another big U.S. rate cut this year, although gains were limited ahead of remarks by key Federal Reserve policymakers later in the day. 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
- Investec targets rich SA expats living in Dubai
FIN 24
- Headwinds are turning into tailwinds in SA malls - especially in townships, says Vukile
(Compiled by Bhargav Acharya)
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