GROUP-5: 24 -1 (-4.00%)
South African Markets - Factors to watch on April 13.
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Friday.
South African engineering company Group Five is
looking at raising money via a rights issue to repay debt and
bolster its finances after reporting a bigger than expected
first-half loss following problems with a Ghana power project.
SOUTH AFRICAN MARKETS
South Africa's rand weakened against a stronger dollar on
Thursday as rising tensions between Russia and the United States
over Syria curbed risk appetite, while stocks rose led by banks.
Asia stocks pared early gains on Friday as caution crept in
ahead of the U.S. earnings season and as investors weighed the
possible impact on global growth from a tariff spat between the
United States and China.
U.S. stocks climbed on Thursday as investors anticipated a
strong earnings season and as U.S. President Donald Trump's
suggestion that a military strike on Syria may not be imminent
ratcheted down geopolitical worries.
Gold rose on Friday and was set to post a small gain for a
second week running, supported by tensions over Syria.
For the top emerging markets news, double click on
- - - -
Some of the main stories out in the South African press:
- Davis report: South Africa not ready for wealth tax.
(Compiled by Ed Stoddard)
© 2018 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.