ADCOCK: 6,220 +151 (+2.49%)
South African Markets - Factors to watch on Aug 29
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Wednesday.
Adcock Ingram FY results
SOUTH AFRICAN MARKETS
South Africa's rand held steady against a weaker dollar on
Tuesday as investor optimism that a U.S.-Mexico deal will help
avert a global trade war boosted appetite for riskier assets.
Asian shares crept marginally higher on Wednesday as
optimism over the U.S.-Mexico trade deal was quickly clouded by
caution ahead of a looming deadline on tariffs with China.
The S&P 500 and the Nasdaq edged up to record closing highs
for the third consecutive session as investors struggled over
whether to take profits following a rally on positive
developments in trade disputes which have vexed the markets.
Gold prices edged higher on Wednesday after the previous
session's sharp fall, but rising U.S. interest rates and
lingering Sino-U.S. trade tensions continued to weigh on the
market with investors selling the metal at small rallies.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Eskom retreats from debt-exchange plan
- JSE hits six-month high
- SA in line for big boost from the UK
- Land issue hits affordable housing
(Compiled by Joe Brock)
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