The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.
- Inflation-linked bonds auction results.
- Treasury bills auction results.
- August new vehicle sales data.
- Mr Price says in first four months of full-year 2018 retail sales up 6.2 percent.
South Africa’s rand was slightly weaker on Thursday, reversing some earlier losses against a buoyant dollar as domestic trade figures showed another surplus and producer inflation slowed.
Stocks rose led by Steinhoff’s Johannesburg listing which was boosted by a jump in sales.
Asian equities followed Wall Street’s gains overnight and edged higher on Friday while the dollar’s advance slowed ahead of the U.S. jobs report due later in the session.
U.S. stocks closed higher on Thursday as investors reacted to economic data and took cautious hope from Washington’s latest promises for long-awaited details of a tax reform plan.
Gold inched lower on Friday as mild profit-taking set in after recent rallies and as investors awaited U.S. jobs data for direction on interest rates, but safe-haven demand kept prices near 9-1/2 month highs as tensions over North Korea lingered.
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Some of the main stories out in the South African press:
- Failure to heed advice cost Eskom 300 million rand
- Treasury not likely to ground Myeni until 2018
- V&A eyes desalination
- Steinhoff remains on track for a good performance in Europe (Compiled by Olivia Kumwenda-Mtambo)