JOHANNESBURG, Nov 17 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.
Weekly bond auction
SOUTH AFRICAN MARKETS
South Africa’s rand firmed on Thursday, helped by favourable sentiment for emerging market currencies and upbeat retail sales data a day earlier, while stocks ended higher lead by pulp and paper producer Sappi.
Asian shares rose firmly on Friday as strong U.S. earnings and a step forward in Congress on U.S. tax reform brightened the mood, even though investors noted that many hurdles remain to passage of a deal on tax cuts.
Wall Street’s main indexes rose sharply on Thursday boosted by earnings-related gains in Wal-Mart and Cisco, while a tax bill expected to boost corporate earnings passed its first, if smallest, hurdle.
Gold prices stayed on track for a second straight weekly gain early on Friday as they crept up on a weaker dollar, although trading remained in a tight range amid expectations of a U.S. interest rate hike next month.
Some of the main stories out in the South African press:
– McKinsey yet to arrange to refund Eskom
– Corruption watchdog finds more than 20 banks handled Gupta money in Transnet deal
– Old Mutual Wealth on track to list next year
(Reporting by Alexander Winning)