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


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.


For the top emerging markets news, double click on

- - - - (Compiled by Promit Mukherjee)

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.