African markets

South African Markets – Factors to Watch for December 7

JOHANNESBURG, Dec. 7 (Reuters) – The following scheduled economic events, stock market and currency movements could affect South African markets on Tuesday.

ECONOMIC EVENTS

Reserve data

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Government bond auction

GDP T3

SOUTH AFRICAN MARKETS

The South African Rand on Monday confirmed signs that the variant of the Omicron coronavirus which is causing a fourth wave of COVID-19 infections in the country could be the source of mostly mild infections.

WORLD MARKETS

Asian stocks edged higher on Tuesday on fading concerns about the impact of the Omicron variant, while Chinese markets rose after the central bank eased monetary policy.

WALL STREET

Major Wall Street averages closed higher on Monday, with economically sensitive sectors and travel-related stocks advancing, with investors encouraged by an optimistic comment from a U.S. official on the latest variant of COVID-19.

GOLD

Gold prices were flat on Tuesday as a firmer dollar and US Treasury yields weighed on its appeal and limited the metal to a tight $ 4 range.

EMERGING MARKETS

For top emerging market news, double click

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Some of the main stories published in the South African press:

BUSINESS DAY

– Head of NPA in the damage control on the exit of Hermione Cronje

– Denial of access to jab data raises security concerns

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Compiled by Alexander Winning

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