South African Markets — Factors to watch on October 16
JOHANNESBURG, Oct 16 (Reuters) — The following scheduled economic events, equity and currency market moves may affect South African markets on Friday. Economic Events South African inflation-linked bond auction Global Markets Asian stocks rebounded on Friday following heavy selling in the previous session when investors dumped tech shares as questions about cloud company CoreWeave's debt pile fuelled worries about the financing driving the AI boom. MKTS/GLOB Wall Street The S&P 500 ended higher on Thursday, springing back from early losses as investors concerned about AI stocks shifted into Eli Lilly, UnitedHealth and other healthcare and consumer stocks..N Gold Gold edged higher on Friday as the dollar weakened, but the metal was still on track for a small weekly loss as investors weighed signals from the Federal Reserve on interest rates. GOL/ Some of the main stories out in the South African press: Business Day - SA revenue could be 70 billion rand higher on gold windfall, Bank of America says - Union leaders seek urgent court order against Numsa top brass News24 - Half of JSE CEOs earn more than 23.2 million rand a year, PwC report finds - Tau introduces new rule to protect tak
JOHANNESBURG, Oct 16 (Reuters) — The following scheduled economic events, equity and currency market moves may affect South African markets on Friday. Economic Events South African inflation-linked bond auction Global Markets Asian stocks rebounded on Friday following heavy selling in the previous session when investors dumped tech shares as questions about cloud company CoreWeave's debt pile fuelled worries about the financing driving the AI boom.
MKTS/GLOB Wall Street The S&P 500 ended higher on Thursday, springing back from early losses as investors concerned about AI stocks shifted into Eli Lilly, UnitedHealth and other healthcare and consumer stocks..N Gold Gold edged higher on Friday as the dollar weakened, but the metal was still on track for a small weekly loss as investors weighed signals from the Federal Reserve on interest rates.
GOL/ Some of the main stories out in the South African press: Business Day - SA revenue could be 70 billion rand higher on gold windfall, Bank of America says - Union leaders seek urgent court order against Numsa top brass News24 - Half of JSE CEOs earn more than 23.2 million rand a year, PwC report finds - Tau introduces new rule to protect takeover deals, days after Premier shocker (Compiled by Nilutpal Timsina) ((Nilutpal.Timsina@tr.com)