The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday.
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- The South African Reserve Bank releases its Financial Stability Review at 0800 GMT.
- Statistics South Africa releases March PPI data at 0930 GMT.
- South African Finance Minister Pravin Gordhan gives public lecture on challenges and sustainability in South Africa's economy at 1000 GMT.
- MTN Group said in its quarterly update that it had recorded 195.4 million subscribers, while data revenue grew 42.2 percent year-on-year.
- Clicks releases its interim results
- DRDGold releases its quarterly results
- British American Tobacco releases its quarterly update
- JSE Ltd holds its annual general meeting
SOUTH AFRICAN MARKETS
South African stocks ended mostly flat on Wednesday as gains by resource producers including Harmony Gold offset declines from a mixed bag of companies that reported disappointing earnings.
South Africa's rand firmed to its highest level this week on Wednesday due to a technical correction after a selloff last week, but the country's sluggish economic growth is likely to keep the currency on the back foot.
Asian shares edged higher on Thursday, supported by views that a run of weak global economic data will encourage major central banks to keep or deepen their monetary stimulus, though dismal U.S. durable goods orders for March weighed on the dollar.
The S&P 500 and Nasdaq ended flat on Wednesday with Boeing's five-year high among the day's highlights, but weakness in Procter & Gamble and AT&T kept the Dow in negative territory.
Gold climbed to its highest in more than a week on Thursday, boosted by prospects of more central bank buying after a recent steep sell-off in the precious metal, while a firmer euro also underpinned prices.
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Some of the main stories out in the South African press:
- State stands ground on S.Africa's nuclear ambitions
- Zuma, Motlanthe march to different tunes on CAR
- Housing inertia hobbling economy
- Vodacom's profit set to rise at least 25 percent
(Compiled by Olivia Kumwenda) Keywords: MARKETS SAFRICA FACTORS/
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