South African Markets - Factors to watch on Dec 2
JOHANNESBURG, Dec 2 (Reuters) - The following scheduled political and economic events, company announcements, equity and currency market moves may affect South African markets on Friday.
The African National Congress' national executive meets to discuss a panel report that found preliminary evidence President Cyril Ramaphosa may have violated the constitution and committed misconduct.
Inflation-linked bond auction
Treasury bill auction
Tiger Brands TBSJ.J results
SOUTH AFRICAN MARKETS
The South African rand and government bond prices fell sharply on Thursday as investors digested news that President Cyril Ramaphosa may leave his post early following a panel of experts' findings against him.
Asian shares fell and Treasuries held on to gains on Friday ahead of U.S. non-farm payrolls data, the next big test for investors looking for more signs of a rates policy shift from the Federal Reserve, while the dollar nursed heavy losses.
Wall Street ended mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders digested U.S. data that suggested the Federal Reserve's interest rate hikes are working.
Gold prices eased on Friday ahead of a key U.S. jobs report, but were set for their best week in three as the dollar weakened on prospects of slower U.S. Federal Reserve rate hikes and signs of cooling inflation.
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Some of the main stories out in the South African press:
- Mashatile in the wings should Ramaphosa fall
- SA assets crash on Ramaphosa exit rumours (Compiled by Alexander Winning)
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