The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.
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- Statistics South Africa releases retail sales data for August. 1100 GMT
- Botswana releases September consumer inflation
- BHP Billiton Quarterly report
- Datatec H1 results
SOUTH AFRICAN MARKETS
South African stocks rose for the fourth straight trading day on Tuesday, climbing 1.5 percent as investors bet the U.S. political standoff over budget and debt talks could end soon.
South Africa's rand weakened against the dollar on Tuesday as optimism that lawmakers in Washington would reach a budget and debt deal later in the day buoyed the U.S. currency.
Asian stocks marked time on Wednesday with nervous investors cautiously optimistic or just hoping that frantic talks in Washington to avert a U.S. debt default could lead to a deal before the Oct 17 deadline.
U.S. stock index futures extended gains in Asian trade on Wednesday after a Senate aide said Democratic and Republican leaders in the U.S. Senate could announce a deal within hours to extend the government's borrowing authority.
Gold steadied on Wednesday after falling early in Asian hours, with U.S. lawmakers scrambling to come up with a bipartisan agreement to increase the federal debt ceiling before a Thursday deadline.
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Some of the main stories out in the South African press:
- Unions must face reality, says Amplats
- Cosatu threatens strike to block youth jobs scheme
- Bench Marks finds Lonmin failed to fulfill housing plan
Keywords: MARKETS SAFRICA FACTORS/
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