South African Markets - Factors to watch on Nov 15
JOHANNESBURG, Nov 15 (Reuters) -The following scheduled economic events, equity, and currency market moves may affect South African markets on Friday.
ECONOMIC EVENTS
Ratings agency S&P Global is scheduled to review South Africa's sovereign credit rating.
South Africa's government will hold its weekly auction of inflation-linked bonds.
SOUTH AFRICAN MARKETS
South Africa's rand firmed slightly on Thursday after four days of losses, as the dollar benefited from Donald Trump's U.S. election win.
Johannesburg's blue-chip Top-40 index .JTOPI closed flat..JZAR/
GLOBAL MARKETS
The U.S. dollar was poised for big weekly gains on Friday, towering near one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields higher, leaving Wall Street and European futures in the red.MKTS/GLOB
WALL STREET
Wall Street's main indexes closed lower on Thursday after Federal Reserve Chair Jerome Powell dampened investors' hopes for another interest rate cut this year by saying the U.S. central bank need not rush to ease monetary policy..N
GOLD
Gold traded little changed on Friday, but was set for its worst week in more than three years, hurt by a stronger U.S. dollar amid expectations of fewer Federal Reserve rate cuts.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
- New tax regime for hedge funds on the cards
FIN 24
- SA to declare uranium critical to nuclear plans, secures partnerships with U.S., Korea, China
(Compiled by Tannur Anders)
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