ADCOCK:  6,230   +91 (+1.48%)  24/09/2018 00:00

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.

COMPANY NEWS

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.

GLOBAL MARKETS

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.

WALL STREET

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

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.

EMERGING MARKETS

For the top emerging markets news, double click on

- - - -

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

BUSINESS DAY

- Eskom retreats from debt-exchange plan

- JSE hits six-month high

BUSINESS REPORT

- SA in line for big boost from the UK

- Land issue hits affordable housing (Compiled by Joe Brock)

2018-08-29 07:15:33

© 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.