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South African Markets - Factors to watch on November 11

By Reuters News

JOHANNESBURG, Nov 11 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Wednesday.


SOUTH AFRICAN MARKETS

South Africa's rand weakened against a firmer US dollar on Tuesday as investors also assessed data showing a rise in unemployment and a decline in manufacturing output..JZAR/


GLOBAL MARKETS

Global bonds tumbled and the dollar stayed firm after a hot US inflation print and hawkish central bank rhetoric raised the risk of an outsized half-point rate hike from the Federal Reserve next month, though stocks remained resilient. MKTS/GLOB


WALL STREET

US stocks closed lower on Tuesday, as a hotter-than-expected inflation reading hardened expectations for a rate hike from the Federal Reserve next month and fueled concerns the central bank may be more aggressive in raising rates. .N


GOLD

Gold prices edged higher on Wednesday after a nearly 3% slide in the previous session, but gains were limited as stronger-than-expected US inflation data cemented expectations of a Federal Reserve interest rate hike next month, weighing on bullion.GOL/


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


BUSINESS DAY

- Langeberg Foods bears fruit for Norwegian investor’s vision of co-ops in SA

- Labour court to decide fate of Numsa leadership


NEWS24

- ANC divided on DA ahead of crucial coalition decision

- SA should use its ties with Tehran for peace, Munich Security Conference’s Franke says

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