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Factors to watch on October 26

October 26, 2017 5:27 AM
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SAFRICA-MARKETS/FACTORS:South African Markets - Factors to watch on October 26

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday.

The rand dropped to a 10-month low on Wednesday after Finance Minister Malusi Gigaba flagged weaker growth expectations and rising government debt in his budget speech. Stocks were firmer.

Asian stocks barely changed on Thursday, capped as Wall Street shares pulled back from record highs, while the euro stretched gains ahead of a European Central Bank meeting that could take a major step away from its accommodative policy.

U.S. stocks fell on Wednesday, with the Dow Industrials and S&P 500 indexes suffering their worst day in seven weeks, on a batch of soft quarterly earnings and a rise in bond yields.

Gold prices inched up on Thursday, after hitting a two-and-a-half-week low in the previous session, as the dollar eased ahead of a key European Central Bank meeting later in the day.

- South Africa faces bleak growth outlook (Compiled by Tiisetso Motsoeneng)

Source: timesofindia.indiatimes.com

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