South African Markets - Factors to watch on Nov 25
JOHANNESBURG, Nov 25 (Reuters) -The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Monday.
ECONOMIC EVENTS
Treasury bill auction
COMPANIES
Pick n Pay PIKJ.J raises $471 mln in Boxer IPO
SOUTH AFRICAN MARKETS
The South African rand was little changed on Friday as stronger precious metal prices and the central bank's cautious approach to cutting interest rates offset a stronger dollar. .JZAR/
GLOBAL MARKETS
Bond markets cheered the selection of fund manager Scott Bessent as U.S. Treasury secretary on Monday on expectations he could keep a leash on U.S. debt, while falling yields tugged down the dollar and the mood lifted U.S. stock futures close to record highs. MKTS/GLOB
WALL STREET
Wall Street closed higher on Friday, with all three major indexes posting weekly gains, as investors took comfort from data pointing to robust economic activity in the world's biggest economy. .N
GOLD
Gold prices dropped over 1% on Monday, weighed down by profit-taking after a five-session rally, with further pressure from the announcement of fund manager Scott Bessent as the next U.S. Treasury Secretary. 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
- How Trump tariffs would hurt SA exports
- Taukobong's plan to shift investor perceptions of Telkom
FIN 24
- Two-pot: Who's cashing out? Middle-income earners drive R35bn withdrawals
(Compiled by Alexander Winning)
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