South African Markets - Factors to watch on Nov. 11
JOHANNESBURG, Nov 11 (Reuters) - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Thursday.
- South African Finance Minister to present mid-term budget at 2 p.m. (1200 GMT)
- Half yearly results of Foschini Group TFGJ.J
- Half yearly results of Multichoice Group MCGJ.J
- Half yearly results of Mediclinic International MDCM.L
SOUTH AFRICAN MARKETS
The South African rand fell on Wednesday as the dollar firmed after U.S. inflation data and domestic power cuts weighed on investor sentiment.
Stocks rose, with the Johannesburg Stock Exchange's Top-40 Index .JTOPI rising 0.48% to 61,534 points and the broader All-Share Index .JALSH climbing 0.44% to 68,278 points.
Inflation fears pressured Asian stocks and buoyed the dollar on Thursday after data overnight showed U.S. consumer prices surged at the fastest pace since 1990 last month, boosting the case for faster Federal Reserve policy tightening.
Wall Street closed sharply lower on Wednesday as surging consumer prices curbed investor risk appetite, and stoked worries of a protracted wave of red hot inflation.
Gold prices eased on Thursday after rallying to a five-month high in the previous session, as investors reassessed how the U.S. Federal Reserve would respond to a surge in consumer prices last month.
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- - - - (Compiled by Promit Mukherjee)
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